Buyers

Before you decide whether to work with a buyer’s agent, it’s important to understand the pros and cons of doing this.

Pros

• They represent your best interests. A buyer’s agent should have your best interests at the forefront of their mind throughout every step of your home purchase process. They’ll work on your behalf to get you the best deal on your home and educate you on every aspect of purchasing a home so you can make fully informed decisions.
• They are real estate experts. Buying a house might seem a little overwhelming, especially as a first-time home buyer. Having a real estate expert on your side to answer your questions and help lead you through the process can lower any stress you as the buyer might feel.
• They can help to spot potential issues. A good buyer’s agent will raise any red flags that may arise throughout the home buying process, whether it’s troubling language in a seller’s counteroffer or an issue cited in the home inspection report. 

Cons

• You could be locked into a buyer’s agency agreement. Some buyer’s agents will require you to sign a buyer’s agency agreement before they’ll begin working with you. Because agents don’t get paid until the real estate transaction is complete, the agreement is intended to ensure that the home buyer will work exclusively with one agent to purchase their home.
• You may have trouble finding the right agent. Before you begin working with a buyer’s agent, it’s a good idea to be sure they’ll be a good fit for your needs and personality. It can be discouraging if you have trouble finding an agent you can trust to guide you through the process.
  Note: Based on Rocket Mortgage data