The housing market has seen a surge in recent weeks, as low interest rates coupled with the further easing of Covid-19 restrictions encourage buyers to get out and look for a new home. With inventory still low and demand high, it’s more important than ever to have a good agent on your side when buying a home. But what exactly is the benefit of having agent representation when you are buying a home? And how do you go about finding a good agent? Here’s our top tips on what a good buyer’s agent will do - and what questions you should ask to make sure you have the right person representing you.
40 Englewood Road, Winchester - Sold by Ides Figueiredo, Realtor
In this competitive market you need a buyer’s agent who knows the area and the current market. They will be able to give you advice about your target towns, such as what homes are selling for in that area, which areas of town have the style of property you are looking for, the systems of a home, important town topics which may affect home values, and schools and facilities available in the area This is especially important if you find yourself in a multiple-offer situation - your agent will have an understanding of the current selling prices and be able to advise you on a competitive offer.
Questions to ask - What can you tell me about my target area? What knowledge can you share about the housing market and trends in these specific areas? Which other factors should I be aware of that may affect my decision-making process?
When the market is moving quickly you may need to make a fast decision on a home, so you need to make sure your agent is fully invested in real estate and has the network to help with your search. A good agent will have contacts and resources to work with you along the process from viewing to offer and closing. They will have connections with professionals such as proactive mortgage brokers, contractors, home inspectors and service providers, whose expertise can quickly guide you to meet the strict deadlines you may be up against.
Questions to ask - What resources can you connect me with to help me through the decision making process? What can I do ahead of time to prepare? How do you guide me through the offer process?
An experienced buyer’s agent will prove invaluable when you enter into negotiations on a home. A good buyer broker will do a comparative market analysis before writing up your offer and will be able to advise you on how to structure your offer, what to be prepared for, and how to improve your chances of a successful bid. The relationships they have with other agents will also enable them to handle any potentially difficult conversations with professionalism and grace, increasing your chances of reaching an agreement that suits both parties.
Questions to ask - Do you have experience in multiple offer situations? How do you help your buyers prepare and make a successful offer? How do you collaborate with other agents?
So how do you find the right buyer’s agent for you? If you need help finding an agent, asking friends or family for a personal recommendation is a good place to start. You can also check out testimonials to see what other people have to say about Waterfield Sotheby’s International Realty and our agents. Some common ground or shared interests can also help your agent understand your wants and needs better - read their bio to find out if your personalities will match. A good sense of humor can also help in a sometimes stressful situation! You may be working with this person for a while, so making sure your communication styles are in sync is a good idea - for example, do you prefer calls or texts? Finally, don’t be afraid to call and talk to some of the agents on your shortlist and see if you feel comfortable with them - once you decide to work with someone you might be asked to sign an agreement to work exclusively with them, so make sure you are happy with the person before you commit.
Buying a home is one of the most important purchases you will ever make. A buyer’s agent will serve as your go-to resource for anything related to buying a home. Our agents are all experienced in listings and selling homes, and will bring the utmost professionalism, accountability and dedication to any transaction. Contact us today and we can connect you to the right person to be by your side from start to finish.