Five reasons to engage a buyer’s agent
Buying a property, whether to live in or as an investment, can be confusing, stressful and time-consuming. This is why many buyers are now choosing to engage the services of a buyer’s agent to help make the process simpler. But what is the role of a buyer’s agent, and how do you know whether or not you need one? Here we answer all your questions.
What is a buyer’s agent?
A buyer’s agent is a real estate professional who searches for suitable properties on behalf of the buyer.nnThey will take the time to find out about your situation and what you are looking for in a property before conducting a search in your specified area and finding properties which are likely to appeal to you.nnThe role of a buyer’s agent also includes negotiating to help you get the very best deal.nnBuyer’s agent services are not free; they will charge a buyer’s agent fee. However, many property buyers view this as money well spent because it can save you time and money on your actual property purchase.
Do I need a buyer’s agent?
A buyer’s agent can help with a wide range of property-buying scenarios:
First home buyers
If you’re a first-time buyer, or you’re getting parental support to buy your first home, you will probably need plenty of advice when it comes to navigating the real estate market. A buyer’s agent can provide this support and also help you and your parents negotiate a good deal on the right property.
Downsizers
If you are leaving your home to buy somewhere smaller after a long time out of the property market, a buyer’s agent can help you understand the current market, advise you about available properties and even help you buy off-the-plan.
Upgraders
A buyer’s agent can help home buyers who are upgrading find a property in the right area, at the right price, and that ticks all the boxes on your wishlist.
Ex-pats
If you’re an ex-pat choosing to return home, a buyer’s agent can view properties and bid at auctions on your behalf, securing you the perfect home before you return.
Investors
If you are buying a property as an investment, a buyer’s agent can find you a property which fulfils all your requirements and offers sound value for money.
Why use a buyer’s agent?
There are a number of important reasons to use a buyer’s agent, whatever rung of the property ladder you are on. Here are five of the most important reasons:
1. Buyer’s agents are highly experienced
Buyer’s agents spend their time securing properties on behalf of buyers, so they have a great understanding of real estate and current market conditions. This ensures you will end up with a great property that fulfils all your specifications, without paying more than the property is worth.
2. Buyer’s agents know the neighbourhood
A good buyer’s agent will have a thorough understanding of the area where you are looking to purchase a property. They can advise you on local amenities and which are the best places to buy property, helping you to make a decision you won’t regret.
3. Buyer’s agents save you time
Property-hunting can be extremely time-consuming, particularly if you’re inexperienced or you don’t currently live in the area. It is a buyer’s agent’s job to source suitable properties for their clients. They can save you a lot of time sorting the dream homes from the duds!
4. Buyer’s agents take the emotion out of the process
Many buyers fall in love with a property; but buying a house is a serious decision which needs to be made with your head, not just your heart. A buyer’s agent does not have your emotional attachment to a property, so they will walk away if the property or the deal isn’t good enough, saving you potential trouble in the future.
5. Buyer’s agents can source a wider range of properties
One of the main advantages of being a buyer’s agent is their range of contacts within the industry. Buyer’s agent marketing services can be a huge advantage for you. They can source properties which are not available on the general market. This can help you find a dream property before anyone else gets to hear about it!
Find out more about our buyer’s agent services
If you are a property buyer and are interested in finding out more about using a buyer’s agent, please contact us and we will be happy to help you.
