Buyer Agency is not something that started yesterday. In fact, it has been around for more than 30 years. But the only ones who knew about it were big corporations who made huge real estate purchases.
They knew they needed someone they could trust who would research every available property to see if they were suitable for their needs, delve into property values to discover the real market value of the property, and negotiate skillfully with the Seller or their Agent. They needed their own representative that they knew would find the right property at the right price and protect their interests.
The only way to meet all these objectives was to employ their own Agent. A big corporation could afford to hire their own full time agent but up until the last few years the home buyer didn't have that alternative. Now, you can have that same level of service at no extra expense! Take a tip from these corporations: Insist on having your own Agent to represent you!
There is a huge difference between an ordinary Agent with no specialized training and a QUALIFIED Buyer's Agent who is committed to serving YOU.
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"Location, Location, Location"
A common and phrase in real estate is "Location, location, location". What does this phrase really mean?
"Location" is repeated to emphasize how important the location is to the resale value of a home. A careful choice of location can maximize positive influences on future resale value, and minimize potential negative influences.
A "bad" neighborhood has a drastic impact on the resale value of a home. Almost anything on a home can be repaired, replaced, or remodeled to make it more livable and/or more saleable. But the area around the home cannot be changed by one homeowner. The only way to sell a home in a bad or declining area is to reduce the price and even then it may take a long time to sell.
"Bad" can mean an area where the homes are not maintained properly. It can also mean a street that has become a heavy traffic artery where it is noisy, or dangerous to try to cross the street.
While no one can accurately predict that a neighborhood will remain the same or improve a sharp real estate agent is aware of trends in the area that might affect the neighborhood in the future. This is especially important if you are moving to a new city and unfamiliar with the area.