As a consumer in the Lehigh Valley, you are probably familiar with many of the real estate firms and professionals closest to where you live.  But if you are planning to buy a home here, do you really know how each person will help you?  Are you familiar with the term Buyer’s Agent or Buyer Specialist?  This article will provide you with the reasons a buyer’s agent should be at the top of your list when choosing a real estate professional to help you achieve your dreams of owning a home.

As a potential home buyer, you probably have some idea of what you want in your next place to call home, whether you’re sure of the number of bedrooms, or are positive you have to have a fenced-in yard.  You may also be aware of terms like making an offer, seeing the seller’s disclosure, or having a home inspection, but the general consumer does not have the proper knowledge to make your dreams a reality.

Choosing a real estate professional is the most important step in the home buying process.  Having a team of real estate professionals to help you with every single aspect should be at the top of your list.  A team that works as Buyer’s Specialists are invaluable to the home buying transaction and can be the difference between a successful and smooth experience or a nightmare.

  • Maximize Your Time
    While driving through a neighborhood that you would consider living in can be fun and time well spent, a Buyer Specialist will listen to your needs, make suggestions based on your likes and dislikes, and provide you with a list of homes that match your wants and needs.  Your Buyer’s Agent will help you better organize your search and decision-making process, saving you valuable time.
  • Negotiating Power
    The Multi-Listing Service maintains a record of all homes listed by Realtors in a given market, as well as the sales price of those homes.  Your Buyer’s Agent will run a Comparative Market Analysis (CMA) to determine a prospective home’s Fair Market Value (FMV). In other words, your Realtor will look at similar homes in the same neighborhood that have sold recently to determine if the seller has priced the home fairly.  If the home is priced over Fair Market Value, your Buyer’s Agent can present your “under asking price” with a greater chance that the offer will be accepted.
  • Proven Industry Contacts
    It takes a lot more people than you may think to execute a real estate transaction.  A good Buyer’s Agent will come with a strong closing team that has a proven track record of performing in the past.
  • Provide Legal Representation
    Your Buyer’s Agent is there to act in the best interest of YOU, the buyer.  A Listing Agent is acting on behalf of the seller, making sure that their interests are being met.  A Buyer’s Agent is will maintain compliance to current real estate law.

Purchasing a home is one of the biggest decisions you will make in your lifetime, as well as one of the most important.  Make sure you are partnering with a team of Real Estate professionals who will act on YOUR behalf, the Buyer.

What tips do you have for first time buyers in the Lehigh Valley?


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