2021 in Breckenridge is expected to be one with a lot of listings and a lot of buyers. Many buyers ask whether or not it’s worth it to have a buyer’s agent. Most houses that are being sold will have an agent representing the seller, which is frequently referred to as a listing agent or sellers’ agent. The listing agent’s main responsibility is to make sure the sellers’ best interests are being protected. Conversely, it is almost universally recommended that buyer have an agent to represent their own interests. This recommendation applies in a small community like Breckenridge, where local codes, industry professionals and other services are not widely available as it would in a larger city. The value that a buyer’s agent brings in a place where things may be done a little differently can go a long way!
Here are a few reasons hiring a buyer’s agent might be right for you:
1.) It’s *Usually* Free To Hire A Buyer’s Agent
While there are exceptions to every rule, the agent is usually paid by the seller. Be sure to discuss this when hiring an agent. This can be listing specific, so be aware of any changes in contract, a buyer’s agent will keep you well aware of this were to change.
2.) A Buyer’s Agent Knows What To Look For When Viewing Houses
Whether you’re buying your first house or tenth, chances are you don’t physically look at houses on a daily basis. A successful buyer’ agent is physically looking at dozens of houses each and every week. Another excellent reason to hire a buyer’s agent when buying a house is because they know what to look for when viewing houses.
There are certain red flags to look for when buying a house, many of which you may not be aware of. Here in Breckenridge, due to the amount of snow and cold that the areas experiences, roof construction and structural integrity are examples of areas where an experienced agent will be able to raise red flags when seeing a home.
3.) A Buyer’s Agent Understands The Local Real Estate Market
Each and every real estate market is different. Real estate markets can differ from town to town and even neighborhood to neighborhood. It’s extremely important when buying a house that you understand the local market. It’s important to have a professional on your side when finding your Breckenridge home, especially if you are moving to the area or getting a second home. Long distance buying with nobody in your corner is a difficult situation.
4.) A Buyer’s Agent Will Know How To Write Real Estate Contracts
Even if you’re buying your tenth house, it’s unlikely you’re familiar enough to navigate a real estate contract. When you hire a buyer’s agent when buying a house, you’re hiring a professional who knows the ins and outs of real estate contracts.
5.) A Buyer’s Agent Will Have Access To Experienced Professionals Needed During A Transaction
During the course of a real estate transaction there are several professionals that are needed. When you’re buying a house you’ll potentially need a mortgage originator, a home inspector, a real estate attorney, and a handful of other professionals. This is especially difficult when you are dealing with a community that may only have one or two inspectors that service the area. Having someone who has built these relationships with the industry is crucial to getting the deal done.