First-Time Homebuyer? Here’s Why a Buyer’s Agent Should Be Your First Call

A home is likely the most expensive purchase you’ll make in your lifetime, which makes researching the right property far more involved than, say, comparing the specs of a car.

Yet while many first-time buyers concentrate on finding the ideal house, they often overlook a valuable ally in the process: the buyer’s agent. More than just helping you locate properties, buyer’s agents offer benefits that can save you time, reduce costs, and help you avoid the pitfalls of buyer’s regret.

Underrated Ally

One of the lesser-known advantages offered by buyer’s agents is the expert guidance they provide when evaluating whether a home is fairly priced. “Without their expertise, many buyers fail to recognize when a property is overpriced for its neighborhood,” states the National Buyers Agents Association (NBSA), a group helping match homebuyers with buyer’s agents nationwide. “A buyer’s agent conducts thorough market research to ensure you pay fair value, rather than being swayed by emotions or misleading listing prices.”

Another critical benefit lies in their deep local market knowledge. It’s not just home prices where buyer’s agents can be of aid. They can also help clients understand the nuances of communities, such as hidden HOA fees or neighborhood issues sellers might prefer to keep quiet. This inside knowledge can help you avoid costly surprises down the line.

For first-time homebuyers worried that they don’t know what to say once negotiations begin, buyer’s agents have them covered. “Experienced agents advocate for you during price discussions, repair requests, and concessions, especially when inspections reveal problems,” NBSA said. “Their expertise often results in better deals than what you could secure on your own.”

Beyond negotiation, buyer’s agents often offer their clients access to listings that are not yet public. This early insight can give you a competitive edge in fast-moving markets, alerting you to new opportunities before others see them.

Professional Expertise at No Cost

According to NBSA, one of the aspects that surprises many homebuyers about employing buyer’s agents is the cost of their services. In most cases, the seller pays the commission for both the listing and buyer’s agents. This means you can benefit from expert help without paying anything.

Finding a buyer’s agent is not difficult, but ensuring the expertise of one is another matter. This is why the NBSA offers tools like its directory that connect buyers with local, pre-vetted professionals.