16 Sep What does a buying agent do?

What exactly does a buying agent do, and why is it useful to hire one?

What exactly is a buying agent?

Before we dive deeper into what a buying agent does, let’s first explain what the job entails. A buying agent is someone who helps you find a suitable home that meets your needs. Additionally, they assist you during viewings by asking critical questions to the seller of the property. They also help you negotiate the asking price. In short, this type of agent helps you find the ideal home for the right price.

The steps in which a buying agent helps you:

Type of home : The most important thing is that the agent knows exactly what you are looking for. How many bedrooms, do you want a big garden or a small one? This way, they know what to look for.

Budget: It’s also important that you know in advance how much money you can contribute. Make sure to check this with the bank as well. This way, the buying agent has a clear picture of your budget.

House viewings: Once your buying agent knows what you’re looking for, they will start searching for you. The advantage of an agent is that they have a lot of expertise and can look at properties with a critical and neutral perspective.

Negotiating the costs

There is usually a selling price, but you should consider it more of a guideline. Often, there is some room to negotiate. A buying agent is helpful here because they know exactly how to negotiate professionally.

The costs:

Most buying agents do not have a fixed fee, and this can range between one thousand and five thousand. Some buying agents work differently and earn through a fixed percentage of the final purchase price. The advantage of this is that the buying agent will work extra hard to negotiate the purchase price. This benefits both you and them.

Things to keep in mind when selecting a buying agent.

• Do they have a diploma?
• How long have they been in the business?
• Schedule a meeting with the agent.
• What is the agent’s working method?

This way, you know what to expect, and so does the agent. We also have three tips to make optimal use of a buying agent.