According to the National Association of REALTORS® 2015 Profile of Home Buyers and Sellers, 87% of home buyers purchased their home through a real estate agent or broker. The chances of a Buyer's Agent bringing a ready, willing, and able buyer to your door are very high.
Traditionally, the Sellers pay the fee of the Buyers' Agent so the burden is not on the Buyers. If the Seller doesn't agree to pay the Buyers' Agent, the Buyers must then pay the fee, which can really cut into the cash they have saved up for a downpayment and affect their ability to purchase your home. That's why we find that listings that offer to pay the Buyers' Agent are more attractive to Buyers.
Some of the services Buyers' Agents provide their clients include
Our MARKETING PRO package customers have the benefit of getting access to the same information Buyers' Agents use when making a purchase offer recommendation to their clients. The benefit to our MARKETING PRO package customers is they can accurately and competitively price their home to be in line with recent sales in the neighborhood.
What Happens if there isn't a Buyer's Agent?
As previously mentioned, not all transactions proceed with the use of a Buyer's Agent. In those instances, the Buyer and the Seller work directly together and the Title Company typically takes an independent role to help move the transaction along.