4 Reasons To Hire a Buyer's Agent in San Diego
By Sean Creamer on May 29, 2024
Buying a home is one of the most important purchases anyone can make in their lifetime and brings with it a slew of excitement. But real estate transactions are a much more complicated process than most people think.
A new home in San Diego is an enticing prospect, and it is easy to forget about the challenges of the buying process. That is why working with a buyer’s agent can make your life a lot easier.
When it comes to buying a home, buyer’s agents are not just there to show you around the property and sing its praises. They carry a wealth of knowledge about the neighborhood, property prices and how they have fluctuated, and an understanding of the seller and property that goes beyond its features and price point.
Below we share the top four reasons you should hire a buyer's agent in San Diego.
Professional guidance in a complicated transaction
The San Diego housing market has accelerated significantly since the pandemic began. Popular listings move quickly, so if you see a property you love, you will need to make sure you have everything ready to make the right offer.
A buyer's agent can help you prepare all your paperwork and make sure you stand out as the best buyer. They will also have a list of referrals that buyers can use to secure a pre-approved mortgage or get legal advice.
Buying a home may seem like a simple process of having the funds and the desire. But the caveat is the legal paperwork involved in making an offer, and having a buyer's agent in your corner can help you navigate it.
Expert knowledge of the neighborhood
It is essential to hire an agent who has worked extensively in the neighborhood of your choice.
This level of expertise is not just to help give you a tour of the site and show you the best local breweries. For example, an agent with experience in North Park can show you where to get the best IPA in town, but they can also guide you to the right home for your commuting needs.
Experienced agents will know where to look for the features you want in a home and can help you keep a cool head when there are better options available on the market.
Real estate agents in San Diego have access to the local multiple listing service and are up-to-date on price fluctuations and property values. They can leverage this knowledge to your benefit when negotiating the price of the home.
A buyer's agent represents your best interest
Many home buyers might feel confident enough to represent themselves. Still, there are several things that only a licensed professional can do.
Because of fiduciary responsibility, a homebuyer's agent in San Diego must legally serve your best interest. Therefore, a dedicated buyer’s agent makes sure the property is in the right shape to justify the asking price.
They will also be on top of any red flags that might come up in a home inspection and guide you to a possible resolution. Sometimes home buyers will avoid hiring a buyer's agent and choose to deal directly with the listing agent. But the listing agent is committed to getting the best price for the seller and will do everything to make sure you like the property, even if there is something that needs fixing.
Having an expert real estate agent looking out for your interests will give you confidence when asking hard questions about any outstanding repairs or issues with the property.
You can save money with a commission rebate
A buyer’s agent in San Diego will help make the home buying experience more manageable, but there is also a potential financial benefit.
Tech-enabled brokerages like Prevu unlock savings for their buyers via a commission rebate - sometimes referred to as a commission refund.
A commission rebate is a portion of the buyer's agent's commission refunded directly to the buyer. That means significant savings to help cover the closing costs, renovating a fixer-upper, or simply investing in your new property.
Most traditional brokerages do not offer a home buyer rebate. But Prevu’s investment in technology and salaried agents allows it to provide the company’s Smart Buyer Rebate, which gives up to 1% of the purchase price back to buyers in California.
For example, if you purchased a $2,000,000 home with Prevu in La Jolla, one of San Diego’s premier beach towns, you would receive up to $20,000 back.
Prevu Real Estate, Inc. is a licensed real estate broker in California, license number 02134758.