In the intricate world of real estate, navigating the complexities of buying a property can be daunting. From sifting through listings to negotiating contracts, every step demands careful attention and expertise. In this journey, having a trusted ally can make all the difference. Enter the buyer’s agent, a seasoned professional dedicated to representing your interests throughout the home-buying process. Let’s explore the myriad benefits of enlisting the services of a buyer’s agent, while also highlighting the fiduciary duties they uphold, as outlined in the Realtor Code of Ethics.
Market Expertise: Buyer’s agents are well-versed in local real estate markets. They possess valuable insights into neighborhood trends, property values, and market dynamics. Leveraging their knowledge, they can guide you toward neighborhoods that align with your preferences and budget, ensuring you make informed decisions. Upholding their fiduciary duty to the buyer, buyer’s agents prioritize your interests above all else, providing objective advice and guidance to help you achieve your goals.
Access to Listings: While online listing platforms provide a wealth of information, buyer agents often have access to exclusive listings and off-market properties. This gives you an edge in finding hidden gems that might not be readily available to the general public, expanding your options and increasing the likelihood of finding your dream home. By diligently searching for properties that meet your criteria, buyer’s agents demonstrate their commitment to fulfilling their fiduciary duty of loyalty, always acting in your best interests.
Negotiation Skills: Negotiating the terms of a real estate transaction requires finesse and tact. Buyer’s agents are skilled negotiators with a keen understanding of market conditions and property values. Whether it’s securing a favorable purchase price, negotiating repairs after inspections, or navigating contingencies, they advocate for your best interests every step of the way. Upholding their fiduciary duty of confidentiality, buyer’s agents handle negotiations with discretion and professionalism, safeguarding your sensitive information and strategic objectives.
Streamlined Process: Buying a home involves a multitude of tasks, from scheduling viewings to coordinating inspections and closing procedures. A buyer’s agent acts as your point person, streamlining the process and managing the logistics on your behalf. Their expertise ensures that deadlines are met, paperwork is handled efficiently, and potential roadblocks are addressed promptly, reducing stress and saving you time. Upholding their fiduciary duty of diligence, buyer’s agents meticulously oversee every aspect of the transaction, ensuring that nothing falls through the cracks.
Professional Network: Buyer’s agents often have an extensive network of industry contacts, including lenders, inspectors, contractors, and real estate attorneys. Drawing upon this network, they can connect you with trusted professionals who can facilitate various aspects of the home-buying process. This network not only enhances the quality of service you receive but also provides access to resources that may not be readily available otherwise. Upholding their fiduciary duty of care, buyer’s agents ensure that you receive expert advice and support from qualified professionals at every stage of the transaction.
Transaction Management: From offer acceptance to closing day, numerous details must be managed to ensure a smooth transaction. Buyer’s agents oversee the entire process, coordinating with all parties involved, including sellers’ agents, title companies, and lenders. Their meticulous attention to detail helps prevent potential hiccups and ensures that the closing process proceeds seamlessly. Upholding their fiduciary duty of obedience, buyer’s agents adhere to your instructions and preferences, guiding you through each step of the transaction with integrity and professionalism.
Buyer Representation: In a real estate transaction, the seller is typically represented by a listing agent whose primary duty is to secure the best possible outcome for their client. By hiring a buyer’s agent, you have someone in your corner, dedicated solely to representing your interests. This level of advocacy gives you peace of mind, knowing that your needs and priorities are being prioritized throughout the transaction. Upholding their fiduciary duty of undivided loyalty, buyer’s agents work tirelessly to protect your interests and ensure a successful outcome.
Enlisting the services of a buyer’s agent offers a multitude of benefits that can significantly enhance your home-buying experience while upholding the highest standards of professionalism and ethics. From market expertise and negotiation skills to streamlined processes and professional representation, their guidance and support are invaluable assets in navigating the complexities of the real estate landscape. So, whether you’re a first-time homebuyer or a seasoned investor, partnering with a buyer’s agent can help you unlock the hidden value and achieve your real estate goals with confidence, knowing that your interests are always their top priority, as mandated by the Realtor Code of Ethics.
Tag: buyer representation
What are the actual costs of purchasing a home?
Whether you’re a first time home buyer or buying for the first time in a long time, we can help you get a handle on the full costs of buying a home.
Down Payment:
Most people know that they need a down payment and that the rest of their purchase will be secured with a loan from a bank. The down payment typically ranges from 3.5% up to 20% of the purchase price. For a $500,000 home that equals $17,500 up to $100,000 in cash.
What else will you need to pay for? Inspections, appraisal, closing costs and prepaid expenses, repairs and updates.
Inspections:
One of your first steps in the purchase process is inspections. We recommend a general home inspection and if applicable, a sewer scope, radon test and oil tank locate plus soil sampling, if necessary. The total costs for inspections vary depending on size of house, which inspections you choose to complete and the inspector’s fees. We recommend budgeting $800 to $1,200 for all inspections.
Appraisal:
Toward the end of the inspection period your lender will order the appraisal. An appraiser will conduct a walkthrough of your new home and complete a report which determines the market value of the home based on specific calculations and assessments. Appraisals run $500 to $1,500.
Closing Costs:
At the end of your transaction you will be responsible for closing costs and prepaid expenses. Your lender will be able to tell you these costs once you are pre-approved. These fees average between 3% and 5% of your loan. Fees include things like title insurance, taxes, loan fees, homeowner’s insurance, home warranty (view it here), title insurance and escrow fees.
Now for the fun stuff:
Once your purchase is complete you get to pay for the fun stuff! Now that you own a new house, it’s time to make it your home. Final costs include repairs not included in the transaction, updates of your choosing and new furniture fabric corner lounge.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Why Have a Buyer’s Agent
Thanks to Zillow, Redfin and a host of other websites, shopping for a new home has never been easier. Most of the time you can connect directly to a real estate agent who can open a door and show you any home you want to see. Convenient, yes? Same as having a real estate agent of your own? NOT EVEN CLOSE.
If you’re thinking about buying a home, you’re ready to connect with a real estate agent. Your agent is your advocate and your guide from beginning your property search to closing on your new home – whether it takes a month, a year or a decade. An initial meeting with an agent carries no obligation but offers you the chance to learn about the home buying process, what you’ll need set up in order to write offers, how to get pre-approved for financing and how inspections work. Then if you are selling property it’s essential to have the best local estate agent. When we sold some property in Bristol we used these who are easily the best estate agents in Bristol so they are a very good example of that, and we got an amazing price for the property.
Once you do decide to work with us, we make you and your home search a priority. Agents look for homes right along with you and make sure that you don’t miss a great opportunity. We also know how to gather more information on neighborhoods and schools. We know what red flags to look for when touring a home and when we see a great deal we can bring it to you directly. We’ll get to know you, your likes and dislikes, your needs, and the features that would enhance your quality of life. In essence, we are at your service and our working relationship with you is paramount. You won’t have to give up Zillow or Redfin searches if you work with us, but you will get better access to houses, complete information on properties, pricing and offer deadlines, and you’ll be able to get an offer submitted the moment you are ready to write.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
When you decide to buy a house together
Sometimes buying a house together is just a breeze. This was one of those times. Kara and Nicole are one of those couples that works well together and were on the same page while shopping. Looking to move out a little further for some more space, inside and outside, these two were open to a lot of options. They settled on outer lents in a delightful little pocket neighborhood.
Kara was my very first client in 2013 and it has been great to watch her grow both personally and professionally and continue developing our friendship along the way. These two caring, giving nurses brought masks to us and special treats specifically for me as I dealt with some health concerns. It’s great to see them settle in a house that will allow for them to build their future family together. It has been very rewarding to be part of that process. I can’t to see what the future holds for them!
Stunning Condo at the Door of the Pearl District
Serena got in touch with me as an out of town agent through my website. As a remote buyer, she was looking for virtual support, great communication and lots of info on the local market and Portland’s neighborhoods. After a number of virtual video walk-throughs in a few condos across the city, she settled on an absolute stunner. This 1,898 square foot condo boasted an additional 1000 square foot outdoor space and incomparable views of the city, making it an easy choice for Serena.
A quiet home in the North Park Loft building meant the Pearl and downtown were right at her doorstep.
You could see the attention to detail and emphasis on quality in the custom floor-to-ceiling windows featuring city & mountain views from every room.
Through great communication and a little time hitting the pavement, I think it’s easy to see that Serena landed herself with a remarkable new home. Congratulations Serena!
Listing Courtesy of: The Agency, Inc
