Why you need a buyer's agent
As a first-time homebuyer, a skilled buyer's agent is your most valuable ally. They provide market expertise, negotiate on your behalf, coordinate inspections, and guide you through the closing process — typically at no direct cost to you (the seller usually pays the buyer's agent commission).
How to find the right realtor
- Get referrals: Ask friends, family, and coworkers who recently bought a home about their experience.
- Interview 2–3 agents: Ask about their experience with first-time buyers, knowledge of your target neighborhoods, and communication style.
- Check credentials: Look for designations like ABR (Accredited Buyer's Representative) or CRS (Certified Residential Specialist).
- Review recent activity: An active agent who's closed multiple deals in the past 6 months stays current on market conditions.
- Trust your gut: You'll spend weeks communicating closely — personal rapport matters.
The home buying process: What to expect
- Step 1 — Pre-approval: Get pre-approved for a mortgage so you know your budget and sellers take your offers seriously.
- Step 2 — Define your criteria: Location, size, must-haves vs. nice-to-haves, and deal-breakers.
- Step 3 — Tour homes: Your agent will schedule showings and provide market data on each property.
- Step 4 — Make an offer: Your agent helps you craft a competitive offer based on comparable sales and market conditions.
- Step 5 — Inspections & appraisal: Due diligence to ensure the home is sound and fairly priced.
- Step 6 — Negotiate repairs: Based on inspection findings, your agent negotiates credits or repairs.
- Step 7 — Closing: Review final documents, sign paperwork, and get the keys.
Questions to ask a potential agent
- How many first-time buyers have you worked with in the past year?
- What's your availability for showings and communication?
- How do you handle multiple-offer situations?
- What neighborhoods do you specialize in?
- Can you explain the buyer-broker agreement?
FAQ
How much does a buyer's agent cost?
Traditionally, the seller pays both agents' commissions (typically 5–6% total). However, recent industry changes mean you should discuss compensation structure upfront with your agent.
Do I need a realtor to buy new construction?
Strongly recommended. Builders' sales agents represent the builder, not you. Your own agent protects your interests during negotiations, upgrades, and contract review.