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A majority of people that are dreaming of home ownership typically don’t know they have the services of a buyer agent at their fingertips. A buyer agent helps manage appointments, keeps viewings manageable, and is a veritable encyclopedia of knowledge about the local real estate market. They’re highly skilled at collecting and analyzing data that can be used to their client’s advantage.
One of a buyer agent’s skills is creating a comparative market analysis (CMA). He/she will factor in prices of surrounding properties that were sold and their valuation. They’ll understand the local economy and the forces that affect the neighborhood. A buyer agent is methodical and provides an in-depth analysis through a multi-step process.
One of the first steps is to analyze the major features of properties that buyers are exploring. They will look at all the major features, amenities and selling points of the property ranging from fireplaces, hot tubs and gardens to pools, patios and sunrooms. The number of bedrooms, bathrooms and square footage will also be considered.
The buyer agent will also look at the age of the home, if any improvements have been made, and when. Those can include a new roof or remodeling projects. The location of the property will also play a role. A buyer agent will know if the property is near a school, shopping outlets, museums, beaches or public transportation.
Retaining the services of a buyer agent is equally beneficial for sellers and realtors. Collecting and analyzing the requisite data is a time consuming task to create a CMA. Hiring a buyer agent is advantageous for determining the price of a particular property and ensures an equitable sale. They can assess the quality of any given neighborhood and identify if there are any curb appeal issues.
The cost of a home can seem like a moving target, especially in highly desirable markets. The services of a buyer agent are beneficial to both buyers and sellers to ensure sales proceed smoothly.
Release ID: 516886