Should you Hire a Buyer's Agent?

Should you hire a buyers agent to exclusively represent you in the purchase of your home? What should you expect from your buyer's agent? How much does it cost to hire a buyer's agent? What does a buyers agent do anyway?

I have found many buyers don't know the answers to these questions.

I firmly beleive every client deserves their own representation; but I also know, sometimes a buyer happens upon a home and calls the agent on the sign and is quite happy with one agent representing both the seller and the buyer in the same transaction. It is the clients choice and both the buyer and the seller have to agree to this type of representation. In Indiana, this is called "Limited Agency".

Once you decide whether you want your own agent, what should you expect from that agent?  A buyer's agent represents only the buyer and their interest in the real estate transaction. You should have someone who you have confidence in and trust.

There are many details to be attended to when purchasing a home. Having your own agent to assist you with the details is like having your own life jacket at sea. Who wants to share? So, how can having your own agent help you. 

• A buyer's agent can assist you in finding the right lender for your specific needs

• A buyer's agent can help determine neighborhoods and homes which fit your financial and personal needs.

• A buyer's agent can show you all homes, regardless of who they are listed with, giving you an unbiased opinion.

• A buyer's agent can help determine the cost of a home, not just the price.

• A buyer's agent can help determine the fair market value of a home.

• A buyer's agent will provide you with a Comparable Market Analysis of homes you are interested in

• A buyer's agent will set up specific searches for you, so you never miss a great deal or the perfect home.

• A buyer's agent knows the best day(s) to schedule a closing.

• A buyer's agent will structure a contract to protect you.

Yes, our contracts are fill-in-the-blanks for the most part, but it's important how the blanks are completed.
A buyer's agent can explain the following and how they affect your home and costs to buy: 

• Title insurance

• Surveys

• Flood plains

• Escrow costs

• Closing costs

• Taxes

• Homestead Exemptions

• Inspections

As you can see, there is more that goes into the purchase of a home than just the asking price and cost per square foot. There are many additional factors to consider.

Oh yeah, how do buyer's agents get paid? We are paid by the selling agent who has a predetermined agreement with the seller pertaining to fees. If you have questions pertaining to buyer agency and how we work with buyers, please contact us.

When your buying a home, it's important to have an agent who exclusively represent you.

More Information About Buying a Home in Indianapolis

Mortgage Calculator: Estimate your monthly payment here, but remember, the amount of taxes, property mortgage insurance and homeowners insurance will affect your total monthly payment.

School Reports: Moving to Indianapolis? Schools Matter - School Districts are often a determining factor when deciding where to begin your search for a home. 

Indianapolis Relocation Package:  Indianapolis Real Estate Relocation Kit -  Take advantage of my vast Indianapolis real estate and lifestyle knowledge. Get your free relocation package here. 

Moving Checklist: Preparation is key to a smooth move.

Real Estate Glossary: Terms and definitions every home buyer should know.