A skilled buyer's agent is your real estate consultant that supports you with the knowledge to make you confident in your real estate purchase decisions. The buyer's agent should be able to give you overall advice on the requirement for a mortgage, know the basic of home construction, know about the locality and is resourceful to find a location that is right for you. The buyer's agent should be able to negotiate the best real estate deal based on the criteria of your personal needs.
It takes skill to negotiate a good deal in real estate. A skilled real estate agent knows that research is a crucial factor in the art of negotiating skillfully. Before a buyer's agent attempts to consult with a seller the buyer’s agent will listen carefully to your needs, and then gather facts from all types of data, a home inspector when buying an existing house, and mortgage professionals to make you have a successful purchase.
Though the seller pays the buyer's agent, the seller understands that a buyer's agent does not operate in the seller's interest. To look at this from another angle, it is the buyer who technically pays the buyer's agent. For example, at the closing of a house, the buyer pays the seller for the house; the seller then takes money out of that payment and pays the buyer's agent. With that in mind, there is no reason not to get a buyer's agent to protect your interest in one of the most significant purchases in your life.
If you do not get a buyer's agent, then you are subjected only to the seller's interest. That would be similar to going to court without a lawyer to protect your rights. It is never wise to even go to the sales office of a new build without an agent on the first visit. Many builders have a clause that they will not give you any seller credits if you go to their sales office without a buyer's agent on the very first visit. It is one thing to buy an existing building, but it is more of a challenge to buy one that only exists on paper.