You have options when you are looking at buying a house in the Reno Nevada area. Some people choose a direct sale, others prefer to work with an agent. Just like properties are different, every situation is different too. Sfiome people know exactly what they want, others need some time to compare multiple homes. Are you looking to purchase a home in Reno Nevada? I will help you decide if using a buyers agent in Reno Nevada is right for you!
What do they do?
There are two roles that real estate agents can take on. The listing agent, who helps sell their home to the buyer, and a buyer agent, who can help you find and buy a home. Some agents do both and are referred to as dual agents. There are agents who like to help people sell and their are agent who like to help people buy. The business of buyers agents is to match people to properties. They take into consideration the budget and needs of buyers, showing them the houses best suited to their needs. Both agents can show you a home, but on your behalf, only a buyer agent will work to get you the best deal. Be aware that some dual agents will only want the sale to go through, so they may not consider your best interests. The agent of a buyer will look for your interests and work for you. You will be advocated by a buyer’s agent and help negotiate if necessary. Here is more information on what is a buyers agent here in the Reno, Nevada area.
What will it cost?
Using an agent will ultimately cost you in commission. Yes, the seller will pay a commission to their agent, which is then split with the buyer’s agent. However, these commissions are wrapped into the price of the home, so even if it says “the seller pays” you are ultimately the one bringing the actual cash to the closing table. In addition, your agent may require other fees to work with them, so make sure you have an agreement in writing. Some agents will have you sign a contract to exclusivity, make sure to read all of the fine print.
What are the benefits?
A buyer’s agent is dedicated, full-time to finding great properties in your area. They should be a complete expert on the local market and features of the city. They are likely to have many area connections in the industry, and possibly access to off-market deals. They can be a wealth of knowledge, teaching you more about the area then you could ever learn on your own. When you work with a buyer’s agent in Reno Nevada you will have someone in your corner, someone helping you and guiding through the entire process of buying a home. If you are a first-time home buyer, using a great buyer’s agent in Reno, Nevada will help you navigate the process.
One thing you should never gamble on is the home you choose to live in. A buyer’s agent can help you make a smart decision with your investment. Before making any large purchase, you should always seek the counsel of an accountant or lawyer.
What are the downfalls?
For certain deals, skipping agents altogether, and going with a direct sale can be beneficial to both the buyer and seller. Both parties will be able to keep more money in their pockets when they choose to skip commissions.
Also, you never know if an agent is being incentivized to show you particular properties, When you do the research yourself, you will learn a lot about investing locally, and you will be able to determine for yourself which property will be the best for you.