Buying a home or other real estate can be tricky. Because of the internet, it is possible for you to do a lot of the work yourself, but there is no substitute for an experienced professional. A crack negotiator who knows the Chicago market can save you time, money and heartache by helping you make the right offer. A good agent knows when to play hardball when necessary and when to back off.
Buying a home can be a daunting prospect. After all, it is the biggest purchase in your life. Many buyers I talk to put off buying, because they don’t feel they are “ready”.
In many cases, they are ready and they would be foolish by putting off their search. Let’s take the mystery out of it. Here’s everything you need to know about buying a home:
An exclusive buyer agent or EBA will work only with home buyers and never sellers. A traditional buyers agent typically works for a large real estate firm that also lists properties for sale. In a large office, agents can “accidentally” overhear conversations or see faxes or printouts. Your interests may still be at risk and you may pay more than you should for your home. When you are working with an exclusive buyers agent, neither the agent nor the firm takes listings.