Have you been casually shopping on your own for a new home, and you've finally found one that you want to make an offer on? If so, you may be scrambling to figure out what to do without a real estate agent to help start the process. While it may be tempting to use the seller's real estate agent, it is always best to use your own agent for buying a home for the following reasons.
A Buyer's Agent Works For You
The main thing to keep in mind when selecting an agent is that the seller's agent will always work with the seller's interests in mind. The seller's agent wants to sell the home for the highest price possible, which is counterintuitive to your desire to buy the home for the lowest price possible. It makes negotiating a final price for the home difficult because the agent knows the financial picture of both sides. They know how high you are willing to go, as well as how low the seller is going to go.
Working with your own agent means that someone is going to be working for you during the whole process. While a buyer's agent does want to sell you a home, they want to make sure that they're selling you the right home. They'll help with negotiations, read over contracts, and make sure negotiations are working in your favor to get the best price possible.
A Buyer's Agent Is Free
The way that a real estate agent makes money from selling a home is from a commission, which is based on a percentage of the sales price. The seller's agent negotiates that commission with the seller and then negotiates to split the commission with the buyer's agent when a home goes under contract. This commission paid by the seller does not change, even if a single agent works for both the buyer and seller.
Your buyer's agent will end up getting a part of the commission if you work with one, and you do not have to pay for their services out of your pocket. That's why it is always worth using your own agent because they are essentially a free service. You are not going to save any money in the end, so you might as well find a real estate agent to help you out.
Reach out to a home buyer agent for more information about how they can work for you.