The National Buyers Agent Association released a new Buyer’s Guide for buying in a hot real estate market. Pent up demand from the spring of Covid-19 in the United states has flowed into the summer months all across America, resulting in a strong seller’s market.
A summary of the guide can be found here: https://buyeragentsearch.com/buyers-guide-to-buying-a-home-in-hot-markets/
The guide points to how critical it is for buyers to be prepared financially and with regards to their knowledge of markets. A good buyer’s agent can help buyers understand current neighborhood trends and what is most affordable within the budget of their clients. They are skilled at dealing with multiple-offer situations and how to protect their clients from over-bidding on a property. In today’s market, many sellers are demanding that buyers think hard about what is their best and highest bid. Sellers can pick and choose the offer that looks best to them.
However, a buyer’s agent should show comparable properties that have sold recently so their clients do not overbid on a property in the excitement of trying to get the home. Careful selection of a good buyers agent at the beginning of the process will save a great deal of stress during this process.
The guide has pointers on what should be in a good buyers agency agreement. This is simply a written agreement that describes in black and white the specific duties of the agent, and how they will accomplish them. Most agents do not earn their commission until closing, so having a good agreement up front is essential.
The guide also recommends that real estate buyers or sellers interview at least two top quality agents, and use the recommended buyer and seller agent questions. The resource will also provide suggested best answers for the questions. The service also provides a Youtube video channel with interviews of top agents across the nation.
Those who wish to get educated may check out the link above, and also browse national association member profiles by state and city at https://buyeragentsearch.com/associations-and-real-estate-agents/ The national headquarters office is staffed 7 days a week with knowledgeable experts on the home buying process who provide consultations free of charge.
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