Also, your agent should know your general search max and for each property you see. For example, your general max may be $150k, but the max for the home you saw today is $125k. Not all homes are priced correctly, so your agent should tell you when something is overpriced. Just because you are willing to pay up to a certain amount, doesn't mean you should. That's why you hire an agent.
Finally, a good agent should have strong negotiating skills to make the owner seem like they need your offer vs. you need that house. Good luck!
By the way when it is time to buy partner with a Realtor®. Let them know your dream items and things you would like but that are not deal breakers.Full disclosure is the best way to get the home of your dreams (or a quick reality check) in the shortest amount of time.
I always tell my clients they should have a maximum price they are willing to pay for any particular home. This way when you go into negotiations you won't get caught up in undecisiveness, especially in this market of multiple offers. Know what your limits are.
Another benefit is you have to work together so that you're not shown properties you can't afford, it's a waste of everyones time.
There are no cons in working together.
Your agent is on your team. You should be working together with the same goals. Have an open and frank conversation about the negotiation process. Your agent needs to show you the recent sales comps and discuss the value of the property with you. If you don't feel your agent is on your team, you might want a new agent.
Best of luck,
Sohail A. Salahuddin | Broker Associate | Visionary
Innovative Property Consultants Team | Sales and Leasing
Jameson Sotheby’s International Realty
425 W. North Ave. | Chicago, IL 60610
O: 312.335.3230 | C: 312.437.7799 | F: 847.805.6030
"Extraordinary Service For Extraordinary Lives"