If you’re looking at purchasing some real estate, you may have already heard of buyer’s advocates! If you haven’t, though, you might be confused about the role of a buyer’s advocate in real estate, and how they can be of assistance when buying a property. If this is the case for you, then, you’ll be interested to learn about the many perks of engaging the services of a buyer’s advocate, and how doing this can help you acquire the home of your dreams! So, stay with us as we explore the role of a buyer’s advocate in real estate – including what exactly it is that they do, and how they can help you secure your ideal home.
What is a Buyer’s Advocate?
Also known as a buyer’s agent, buyer’s advocates are very often involved in real estate, as is the case with Berkshire Luxe buyer’s advocates. In this and many other examples, when the buyer’s advocate professional is employed to service the real estate industry specifically, they will usually be referred to as a property buyer’s advocate. Despite this, and just as importantly, the role of a buyer’s advocate in real estate is very different to that of a real estate agent. This will be discussed in further detail later.
So, what is a buyer’s advocate, otherwise known as a buyer’s agent? In real estate, in particular, a buyer’s advocate or agent is responsible for seeking out suitable properties for their clients. This, of course, saves the client valuable house-hunting time! It also takes an enormous amount of stress and pressure off of a client’s shoulders when they are looking for a new place to call home. For this reason, a central element of a real estate buyer’s advocate role is first to source, then to evaluate, assess, and match up the suitability of a property and its features to the client’s needs.
If the property in question is considered appropriate, the buyer’s advocate will then present it to the clients for their approval. If the clients are interested in putting in an offer for the property, a buyer’s advocate can even assist their clients by bidding on their behalf at auction! As their buying agent, a buyer’s advocate can also help their clients to negotiate the price of a property with the listing agents.
What are the Differences Between a Property Buyer’s Advocate and a Real Estate Agent?
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The biggest and perhaps most important difference between a buyer’s advocate’s role and that of a real estate agent is that the buyer’s advocate works on behalf of the property buyer, while a real estate agent is employed by the property seller. As such, a buyer’s advocate can help their house-hunting clients negotiate and purchase a property for the best possible price. On the other hand, a real estate agent’s goal is to generate the best possible result for the seller.
Of course, one of the most common reasons that a time-poor or novice house-hunter will engage the services of a property buyer’s agent is so they can benefit from their support and guidance during the price negotiation process. This is especially true for aspiring first homeowners, as admittedly, the entire buying process can be intimidating! Bidding at auction can be especially nerve-wracking and overwhelming.
Employing a property buyer’s advocate to bid and negotiate on your behalf can alleviate a lot of the stress associated with buying a home. Of course, there are many other reasons why having a buyer’s agent in your corner (especially if you are an aspiring first homeowner) can be invaluable, which will be discussed shortly.
What are the Benefits of Engaging the Services of a Buyer’s Advocate?
There are many benefits to engaging the services of a property buyer’s advocate. Some of these are:
Save Precious Time, and Reduce Unnecessary Stress and Pressure When Searching For a New Home
When sourcing a new home on your behalf, a critical aspect of a buyer’s agent’s role is to seek out specific property features and assess how well they will suit your lifestyle. They do this by evaluating your needs and finding properties that match your search parameters. The best part is – all you need to do is tell your buyer’s advocate what features you desire and require in your new home, and they will do all possible to find the most ideal property to suit your needs!
Benefit from Professional Knowledge and Guidance Throughout the Buying Process
For first-time home buyers in particular, buying a new home can be daunting. Indeed, the entire property buying process – from sourcing a suitable home to negotiating and putting in an offer, can be overwhelming for many aspiring first homeowners. As such, you can benefit from a buyer’s agent’s professional know-how and experience in the industry. They are the experts after all! In this way, your buyer’s advocate can take you under their wing, provide you with expert knowledge, and guide you through the home-buying process.
Have the Best Possible Property Price Negotiated For You
Undoubtedly, putting in an offer for a new home can be terrifying! Not to mention, extremely stressful. Having a buyer’s advocate negotiate with the sellers on your behalf can reduce much of this stress. From bidding for you at auction to negotiating privately with the listing agents – having your property buyer’s advocate by your side will help you to secure the best possible price for your home-buying budget.
When it comes to buying a home, doing it alone is not always the wisest decision! This is especially true if it’s your first time buying a property. Or even if you are just time-poor, or lack knowledge of real estate. As discussed, this is where a property buyer’s advocate comes in! With your buyer’s advocate’s assistance, expertise, and guidance, you can secure your dream home at the best possible price. From sourcing the best property for your needs to negotiating and bidding at auction on your behalf, you will never regret engaging the services of a buyer’s advocate to help you buy your new home.
