There are many benefits to working with an agent when purchasing a new home. You'll be better able to understand the real estate market with the help of an agent. Your agent will be able to search all resources to find you a home and will accompany you on visits to possible homes.

A very valuable aspect to having an agent is that your agent will coordinate all aspects of the transaction, from presenting the offer to arranging inspections. Also, when the time comes, your agent will present your offer to the seller and assist you in negotiating the purchase. If you choose not to work with an agent you will have to arrange to see homes with listing agents or sellers on your own. You'll be in charge of the transaction and you'll have to be very familiar with relevant federal and state laws or sales regulations relating to the purchase of a home before you negotiate. In addition, you'll need to acquire legal advice in the drafting of the purchase contract and you'll need to contact home inspectors on your own. You will also have to handle the required paper work yourself.

There are three ways an agent can work. An agent can work for the buyer or for seller and agents can work for both with their written consent. While not in every state, agents can act as transaction brokers without representing either the seller or buyer. In nearly all states there are agency disclosure laws. These laws require signed consent for representation. An agent in your area can explain how the agency laws work in your state. Agent's typical responsibilities include selecting and showing appropriate properties, presenting an offer, negotiation of terms, and assisting escrow requirements.