The home buying process is hard as many of us know. Oftentimes we need help in one way or another. With that being said, The Home Buyers, Inc is here to help you by breaking down the options you have as a home buyer. Who should you choose to receive help from: an exclusive buyers agent or a transaction broker? We go into detail on the defining differences and how to choose the best option for you.
Exclusive Buyers Agent vs Transaction Broker
What To Expect From An Exclusive Buyers Agent
We all want to be supported, and that is exactly what an exclusive Minnesota buyers agent will do for you. Exclusive buyers agents are advocates for home buyers during the home buying process. They are there to educate you on market trends, provide financial options, and walk with you side-by-side through the entire process. What’s beneficial about exclusive buyer agents is that they have a buyer-broker exclusive relationship. They’re always on the buyer’s side.
What To Expect From A Transaction Broker
A transaction broker is a licensed real estate agent. They are neutral mediators between buyers and sellers. A lot of times transaction brokers have their own real estate business and facilitate closing deals, determine property listing prices, and prepare letters and contracts. They do not act on behalf of either the seller or buyer.
Which Is Better?
Both exclusive buyer agents and transaction brokers serve their specific purposes. In many instances, it is decided whether you need an advocate or a neutral mediator during the home buying process. Having a transaction broker is important if you choose to not go the exclusive buyer agent route. Although, if your looking for assistance that requires more of a personalized service, you might want to lean more towards an exclusive buyers agent.
Specific Needs
At the end of the day, you should choose what will be best for your specific needs. The home buying process is a difficult and long procedure, and the last thing you want is to be stuck. Knowing ahead of time your needs for your desired outcome is vital to the success of buying your future home.
We always strive to provide the best clarification and assistance to our customers. Our hope is that you now understand the difference between an exclusive Minnesota buyers agent and a transaction broker. Now you can feel confident in choosing the right path for you. If you have any questions or concerns, please contact us today!