5 ESSENTIAL THINGS EVERY FIRST-TIME HOMEBUYER SHOULD DO
Buying a home is unlike any other purchase. Before you assume you can do this with any agent, consider why it may be smarter to work with an Accredited Buyer’s Representative (ABR®).
1. A skilled professional will be covering your back.
In real estate transactions, being represented means your agent is obligated to protect and promote your interests, including keeping certain information confidential and sharing information that might benefit your position. If you aren’t represented, you could find yourself working with an agent whose loyalty is aligned with the seller! (Note that the laws on how representation is established vary by state.)
ABR® designees have gone a step further, completing specialized training in the best practices for buyer representation. An ABR® stands out in the crowd!
2. You’ll simplify many complex aspects of your transaction.
Let’s face it. If you aren’t already familiar with complex real estate contracts, disclosure forms, and mortgage applications, these documents can be confusing and daunting. Most buyers appreciate having a knowledgeable resource to answer their questions.
3. You’ll be working with an informed expert.
An ABR® designee has completed special coursework, which means they have a keen understanding of their duties and obligations, as well as an appreciation for buyers’ concerns.
4. You’ll know your buyer representative has proven experience.
One qualification of earning the ABR® designation is verification of completed transactions with other homebuyers. It’s impossible for an inexperienced real estate agent to obtain the ABR® designation.
5. You can improve your negotiating results.
Pricing a house is tricky business, requiring careful analysis of other comparable homes for sale, recently sold homes, and other market factors. Plus, your offer price is just one facet of your negotiating strategy. An ABR® can advise you on every negotiating detail, including counseling you on various contingencies.