What’s a buyer’s agent?

We see it all the time. Buyers driving around from house to house, calling multiple phone numbers they see on “For Sale” yard signs, asking multiple agents the same questions: what’s the price? how many bedrooms? what’s the square footage? etc. etc.

That’s all good if you are a causal shopper, asking info about homes that you are curious about. But if you are serious about buying a house in the near future, that is not the best use of your time.

It’s in your best interest to find an agent, ONE agent, who can represent you as your buyer’s agent. They will listen to what it is you are looking for, and use that criteria to find the best possible home for you. If the agent is a member of MIBOR (Metropolitan Indianapolis Board of Realtors), and most agent’s are, they have access to every house that is available on the market. They can set up showings for you and take you to view as many homes as you’d like.

This is better for a couple reasons:

-It saves you time. Instead of calling each listing agent for homes you are interested in, you just have one point of contact who can do the research for you.

-When you call a number on a sign, you are calling the listing agent, who represents the seller. If you end up buying that home, then the agent would be representing you AND the seller.  A listing agent CAN represent both a seller and a buyer on the same deal, as long as both parties agree to it in writing. This happens all the time, and it happens successfully, but do keep in mind that there is a conflict of interest and it can sometimes get sticky.

Our recommendation is to research agents who are experts in the area or neighborhood you want to buy in. Look at the testimonials on their website or Zillow profile. Even better, if you know someone who has recently bought a home, ask them who their agent was and if they liked them.

One last thing- as a buyer, you don’t pay anything to your agent. Your agent get’s paid by the listing agent when you close on a home. Yay!

Happy house hunting!

~Indy Scene Team

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