The Benefits of Hiring a Buyer's Agent in Miami

When you are approaching one of the largest transactions you can make in a lifetime, having an expert by your side can make the difference in completing the deal. 

Buying a home in Miami is not cheap, and people working on their own may overpay or even lose out on the home of their dreams without the guidance of an agent.

Why should you risk going it alone when you put hundreds of thousands of dollars, if not millions, on the line? That is why the team at Prevu Real Estate will highlight some of the key benefits of working with a buyer's agent in Miami. 

Benefits of a hiring buyer’s agent in Miami

• Advocate for your interests as a buyer
• Unlock savings with a commission rebate
• Provide local expertise for your search
• Share insights during property tours
• Guide you during offer and negotiation

Advocate for your interests as a buyer

When you buy a home from a homeowner in South Florida, you usually deal with their listing agent. 

While this person will treat you with courtesy and answer any questions you have about the property, they have no fiduciary duty to you. That means any material information you tell them can get passed to the seller, potentially hurting you in negotiations. 

A buyer's broker is your partner and has your interests as their top priority. The agent is your sounding board, helping you refine your search. If you partner with the right agent, they can even help you rebuild your savings once you close a deal on a home. 

Unlock savings with a commission rebate

While any good agent will have experience selling all types of properties across The Magic City, only a select few can offer you a commission rebate. 

A commission rebate allows your agent to provide a buyer with a portion of their commission that they receive at closing. Prevu Real Estate offers the highest commission rebate in Miami, giving up to 1% of the purchase price back to new homeowners when they get the keys to their house. 

Say you buy a storied Mission-style waterfront property in the Upper East Side of Miami for $3.5 million. If you work with a Prevu agent, you can receive up to $35,000 back after closing, which you can choose to invest into remodeling, furnishing the home, or rebuilding your savings after paying a hefty down payment and other closing costs. 

Provide local expertise for your search

There are a lot of beautiful places in Miami, some even a long-time resident may not know about. An agent can provide suggestions to open up your search. 

While you may have your heart set on moving into a Brickell condo, you may not find what you’re looking for. Your buyer's agent can suggest other areas in Miami-Dade County, like Wynwood or Key Biscayne, as both have beautiful high-rises. 

Or say you get priced out of an expensive home in the South Beach real estate market. Your agent should have a list of comparable areas that match your price point for buying a house in Miami.

A buyer's broker can use the multiple listing service to divine housing market data to give you an accurate property valuation. They also know the seasonal market trends and can tell you the best times to buy a home in Miami to avoid overpaying.

Some agents even offer online tools that help automate your search. For instance, Prevu Real Estate provides you with a digital homebuying platform where you can select your preferred home style and neighborhood. So when the ideal waterfront condo in Coconut Grove hits the market, you are the first to know. 

Share insights during a property tour

With Prevu, you can schedule a home tour at the click of a button and your agent will accompany you on the tour. You can also ask your agent to join you on open house tours.

It can be tricky to know what issues to look for in a single family home or condo. Home buyers who are not currently living in Miami may miss things like cracked stucco on the exterior or flaking paint on the interior. But an experienced agent will catch these issues and warn you of their dangers. Your agent can also help you verify square footage of a home, and research the property tax for the house.

Plus, your real estate agent can help you craft a list of questions to ask sellers, such as what renovations were done, when the roof was last replaced, and how old the electrical infrastructure is. Once you've found a home you're happy with, it is time to submit a compelling offer to purchase the home.

Guide you during offer and negotiation

Miami can be a competitive market; your offer must stand out to sellers to beat other buyers. 

Your agent will likely suggest that you get a mortgage pre-approval to show sellers you have secured financing, if you are planning to take out a mortgage. Next up, your agent will draft a purchase agreement that includes all terms related to the sale of the property. 

Your buyer's agent should also have experience dealing with sellers from all walks of life from selling and buying Miami real estate, helping you negotiate the best possible sale price for the home. 

For example, if the home needs fixing, your agent can suggest that the seller pays for repairs or that you offer to buy the house as-is with a price reduction. They will also explain your options around contingencies for financing, home inspections, or selling your home before purchasing a new one. 

If you submit an offer and the seller sends a counteroffer, your agent can guide you through any adjustments so your bid wins out if you are faced with competitors.