What To Expect When Working With A Professional Home Buyer
- May 7, 2021
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Most people know what a realtor is and have pre-determined ideas or have experiences about what they do for you, as a seller. On the other hand, some sellers might not know what to expect when working with a professional home buyer in Baltimore, MD. Sellers can expect a professional homebuyer to provide simple, stress-free transactions.
Home Buyers work primarily on commission. If the deal of the century is about to come on the market, who do you think your agent will tell first – the buyer with five other agents or the buyer who is loyal? If you’re playing agents against each other thinking you’ll get people to work for free and that you’ll have your pick of homes to choose, you’re wrong. Agents talk, and they’ll find out they’re working for the same buyer. If you want great service, show appreciation, confidence, and commitment.
One of the most common reasons why prospect home buyers choose to “fire” their buyers agent is due to a lack of communication. When you set out to purchase a home, you should expect frequent communication, bottom line. A top producing buyers agent should at least acknowledge receipt of an e-mail, text message, or phone call within a few hours of receiving the message.
It’s extremely important that when buying a home in a competitive sellers market, your real estate agent is staying in frequent communication with you. They should be letting you know when a new listing that might be your perfect home is listed and also letting you know if a home you had interest in potentially buying has been having lots of other showings or potentially other purchase offers.
If you’re actively and aggressively looking to purchase a home, you should expect some type of communication from your buyers agent every couple days.
Purchasing Homes As-Is
Professional home buyers in MD will usually purchase homes as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction.
When you decide to use a professional home buyer in Baltimore, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.
Avoiding dual agency
More and more, buyers hire a buyer’s agent, especially in hot competitive seller’s markets and to avoid what’s called “dual agency” — an agent, brokerage or company representing both the buyer and seller. It’s only natural for an agent to attempt to sell you listings from her brokerage or company. Legal in many states, dual agency nevertheless comes with an inherent conflict of interest as the agent, broker or company attempts to fairly exercise fiduciary duty, represent two opposing clients and collect the full commission. Some buyer’s agents, however, split their time acting as a listing agent. To completely remove the potential of any conflict of interest, exclusive buyer’s agents work with buyers and do not list homes for sale.
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