Buying a Home • Selling a Home • June 10, 2024

Why Having a Real Estate Agent for Buyers and Sellers is Important

Before the 1990s, real estate agents usually worked only for sellers because sellers paid them. But in the 1990s, people realized that buyers also needed help when buying a house. In 1995, New York State passed a law allowing real estate agents to fully represent buyers. This change meant that agents could focus on helping buyers just like they did with sellers.

The Role of Real Estate Agents

Real estate deals can be tricky. A good agent knows their job well, whether they work for the seller or the buyer. Sellers shouldn’t worry if the buyer has a different agent because all agents must follow six rules: Care, Confidentiality, Loyalty, Obedience, Accountability, and Disclosure.

Benefits of Having an Agent

Representation: Seller’s agents and buyer’s agents work exclusively on behalf of their clients, advocating for their best interests throughout the entire process. They negotiate to secure the best possible deal for their clients.

Market Expertise: Agents know a lot about the local real estate market. They can tell you about neighborhoods, property values, and market trends, which helps you make better decisions.

Access to Listings: Seller agents use tools like the Multiple Listing Service (MLS) to show the property to more buyers. Buyer agents can find many properties through MLS and other networks, helping buyers find the right home.

Negotiation Skills: Skilled in negotiation, agents can effectively navigate the complexities of pricing and terms, helping clients avoid potential pitfalls.

Guidance and Support: Buying or selling a home can be overwhelming. Agents offer guidance and support throughout the process, from understanding the purchasing steps to coordinating inspections and closing activities.

Legal Protection: Real estate transactions involve significant legal documentation and requirements. Agents ensure all paperwork is completed accurately and complies with regulations, protecting clients from legal issues.

Conclusion

In short, having a good real estate agent helps both buyers and sellers. Agents provide professional help, know the market well, and offer full support. This makes it easier to make good decisions and handle the complicated parts of buying or selling a home. At Coldwell Banker Whitbeck, we focus on representing our clients well and stay updated on the latest real estate trends.

Ready to experience the benefits of professional real estate representation? Contact Coldwell Banker Whitbeck today to ensure your interests are protected in your next real estate transaction.