Many consider the use of buyer agent service too expensive. But, in reality, buyers can save your money, time and stress regardless of your budget. In the United States, more than 50% of the population uses agents to support the buying process.
If you choose a licensed professional buyer agent, the savings you can make on your next property can be tens of thousands or hundreds of thousands of dollars less and also less stressful and less time consuming.
The main difference between buyers and traditional sales representatives is who they represent. The buyer's representative works specifically for the buyer, while the seller's representative works for the seller (seller). By law, the agent cannot act for both parties in the transaction and receive a commission.
A good buyer is independent and therefore has no financial relationship with a particular agent. Buyers only pay fees agreed at the property exchange point. You will not receive commissions or rejections from sellers or their representatives.
Most buyers offer at least two levels of service:
o Complete search service where buyers find and enter a list of properties that meet their client's criteria, and then evaluate and negotiate properties recommended for purchase
o Bidding or auction services only – Here the customer actively searches the market and instructs the buyer to negotiate a private contract or auction.
Buyers can give you the advantage of understanding the auction process, using bidding tactics, and not getting emotionally involved in the auction or negotiation process.