Why engage a buyer's real estate agent?
Some buyers have all their financials in order but are inexperienced with the buying process and would prefer to hand over the technical side to professionals. Or, if the buyers happen to be looking for a property some distance from where they currently live, the agent can do the foot work and create a list of potential properties from which the clients will choose.
A buyer's real estate agent will also act on the client's behalf in matters of price and terms negotiation, determination of proper market value, arrangement for pre-purchase structural and pest inspections and ultimately, purchase. Buying a house involves a great deal of paperwork and the agent can make things a whole lot simpler for the buyers.
What should I know before engaging a buyer's real estate agent?
Avoid conflicts of interest. Your agent should not be acting for a seller whose properties might be appealing to you as a buyer. He should also conscientiously point out to you the negative, as well as positive, aspects of the properties he presents to you. He should guarantee you 100% loyalty from start to finish. You should find out if the company he works for ever offers properties for sale.
At all times, a buyer's real estate agent should offer transparency, loyalty and efficiency. After all, he has your hard-earned dollars to keep in mind and when you appoint someone to act on your behalf, you must be sure that they will do the best job for you almost as though you were doing it yourself, but with greater experience.