When you’re selling your home, it’s important to understand the home buying process. Home buyers and real estate agents can sometimes seem from 2 different worlds.
In this post, we’ll outline some of the key differences between home buyers and real estate agents.
Home Buyers vs. Real Estate Agents
Home buyers are individuals who are looking to purchase a home. They may be first-time home buyers, or they may be experienced home buyers.
On the other hand, real estate agents are professionals who help people buy and sell homes. They are experts in the housing market and can provide valuable guidance to home buyers.
Main Differences Between Home Buyers and Real Estate Agents
Purpose
The main difference between home buyers and real estate agents is their purpose. Home buyers are looking to purchase a home, while real estate agents are looking to help people buy or sell homes.
Experience
Another key difference is experience. Home buyers may be first-time or experienced home buyers, while most real estate agents are experienced professionals.
Guidance
Real estate agents can provide valuable guidance to home buyers throughout the home buying process. They can help home buyers understand the housing market and make informed decisions about their purchases.
Selling Time
Another difference between home buyers and real estate agents is the time they take to sell a home. Real estate agents take between 6 to 12 months to sell a house, while home buyers only take a week to sell it.
Negotiation
Home buyers and real estate agents also differ in their negotiation skills. You negotiate the highest price via auction or private treaty with real estate agents. While with home buyers, you negotiate the lowest price and terms for the buyer via private negotiation or auction.
Commissions
Home buyers typically don’t ask for fees or commissions, while real estate agents typically earn a commission from the home sale.
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