Contrary to popular belief, as the buyer in a real estate transaction, you do not actually pay a real estate sales representative’s commission. The real estate agent actually earns a percentage of the brokerage commission, which is laid out in the purchase contract and is calculated from the price of the house. This commission is paid for by the person who is listing their home for sale. Essentially, you get the support and knowledge of a buyer representative for free – which is a great reason to utilize a REALTOR® when you’re looking to invest in Comox Valley real estate.
If the aspect of their professional services being free to you as a buyer isn’t enough to influence your decision single-handedly, here are five more reasons a real estate representative will help ease your home buying process:
They thoroughly understand the housing market
As much as we may think we’re real estate experts, a REALTOR® works within a specific area or housing market every single day. If you’re looking for the best communities or areas in Courtenay that are closest to schools and amenities, we can provide additional insight into these specific neighbourhoods. A real estate professional will be there to help you understand current trends, legal documentation and how to be most efficient in purchasing your new home. They’re a great resource for you and offer a fountain of knowledge!
They help you establish your needs and your wants
The home buying process can be quite overwhelming. A real estate sales representative will help you decipher what’s most important to you as a non-negotiable, and where you’re comfortable having a bit of wiggle room. They can also provide insight on value you may not see within the house, to help turn it into your dream home.
They advise you on effective offer strategies
Take advantage of the experience your REALTOR® brings to the table. You want your offer to be taken seriously by the listing agent, but without over-paying for the property; your buyer representative will provide negotiating strategies that can create a symbiotic balance between the two. Your REALTOR® will help to negotiate not only the price of the property, but also the items included in the sale, comfortable closing dates for you and any maintenance that may need to be done to the house prior to possession.
They protect your rights throughout the entire home buying process
When you enter into a contract with a REALTOR®, they have a legal obligation; called fiduciary duty, to advise you with your best interests in mind, first and foremost. If you’re not properly represented, you may be taken advantage of – which is the worst case scenario when making one of the largest investments of your life. Protecting your private information and keeping your transaction details confidential is a necessity that may be mishandled when representing yourself or dealing with an unrepresented seller.
They serve you beyond the purchase itself
Every great real estate representative will take care of you even after the transaction has closed. They should have a local business guide with trusted professionals and be able to assist you in finding the right people for projects you want to tackle in your new home.
With all the moving parts of finding – and successfully purchasing – the perfect Comox Valley home for you and your family, it’s important to ensure you’re well taken care of and your best interests are always put first. Reach out today and let’s talk about how we can get the ball rolling for this next big adventure in your life!
Posted by Bryce Hansen on
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