Why would you hire a buyer’s agent to help you buy a house in Iowa City? Apart from the fact that Buyer Representation is FREE that is. Recently I wrote a post about what you should expect from a buyer’s agent. It’s a very long post and since you probably don’t have all day I thought I’d summarize that post into the three basic reasons why working with a buyer’s agent is a good idea.
1. A buyer’s agent will help you get the best deal on the house you make an offer on. They’ll provide valuable insights on current market conditions along with information on whether the house you’re looking at is priced right for the market. Does the house have upgrades that positively impact the price of the house? Does it have any negative points that you can use to your advantage in presenting an offer? These are the kind of things a buyer’s agent will talk through with you prior to making an offer. Do you suppose the listing agent will tell you the house is priced too high for the market? They’d be in a world of hurt if the do as they have a fiduciary duty to the sellers and are required to put the sellers interests first.
2. Before you make an offer a buyer’s agent will look at the history of the house you’re looking at to gauge whether there will be any problems with resale down the road. I know this comes up as an important topic when buyers are relocating to Iowa City. I personally think it’s important for everyone buying a home in Iowa City. I don’t know about you, but I want to know if the house I buy will be a tough sell later.
3. When you look at the two points above you can see the peace of mind factor is the biggest motivation for working with a buyer’s agent. Isn’t that what you want in a real estate transaction? To know that your agent is watching out for you? You don’t want to overpay for a house or get landed with a house you have trouble selling later. The fact that hiring a buyer’s agent is FREE for you is an added bonus. Buying a house is a major endeavor and a big financial investment. Having your own agent ensures that you have someone watching out for you – That peace of mind is priceless!