A growing trend among real estate agents is the movement toward becoming hybrid agents. Hiring a hybrid agent could reap serious benefits for you as a buyer. To get a better grasp on how this newer type of real estate agent can make a difference for you, let’s go over what a hybrid agent is and why you need one when buying a house in Memphis.
The Hybrid Agent
Your traditional real estate agent works with buyers, sellers, or both in order to help each party connect with one another and make the real estate transaction a success.
The extra layer added to that equation with a hybrid agent is that they are also an investor in your local market. This means that beyond the functions of the traditional agent, the hybrid agent will purchase properties themselves to sell or rent out to prospective buyers and tenants.
Eyes on the Market
Agents of all types always have their feelers out for properties that best meet the wants and needs of their clients, but a hybrid agent is always pursuing their next venture in addition to this.
The best way for them to accomplish this is by staying proactive and always on the lookout for a property that they know can be marketed quickly and easily to a specific demographic. Hybrid agents work tirelessly to keep up with any changes in local listings, and they have to be ready to pounce on a good deal.
By extension, hiring a hybrid agent gives you the edge in discovering any new properties that hit the market and could be a total steal.
Since a hybrid agent is always looking to acquire new properties to move on their own, they have a rotating stock of homes available on the regular.
Depending on how your agent operates, this could mean getting you a good deal on a fixer-upper or even paying a bit more to quickly snatch up a move-in-ready home for yourself.
It’s common for hybrid agents to try purchasing homes that are already in move-in-ready condition because they then have to invest less of their own time and money in order to sell it off to the next buyer.
Keeping Things Professional
Due to their business position, hybrid agents have a unique sort of experience when it comes to putting in bids and then negotiating the points with a seller.
It’s common for hybrid agents to represent themselves in these situations, so they have a very intimate knowledge of what it feels like to be both a buyer and seller. Traditional agents may represent their clients spectacularly, but there’s a lower level of personal investment beyond keeping their clients happy and building their reputation.
Hybrid agents help to keep any negotiation moving while keeping their feelings out of the equation, and this makes for a more stable representative for you.
A Trustworthy Guide
All real estate agents have an obligation to their clients to do their best to represent them and keep their best interests in mind. A hybrid agent tends to feel like they have more riding on each client because they depend on building that positive reputation to grow their client base while also doing what they can to cultivate a healthy local market.
Hybrid agents are always working to maintain a balanced ecosystem in their local market in order to keep their operations moving smoothly and with as little adaptation as is necessary.
Quality Hybrid Agents for Buyers in Memphis
If you’re considering hiring a hybrid agent to help you buy a house in Memphis, contact our experienced team today at (901) 300-9011!