As the demand for property continues to increase, many buyers are finding it difficult to secure a property. Whether you are a first-time buyer looking to enter the property market, or an investor looking to secure your next investment property, your solution may be to engage with a Buyer’s Agent.
What is a Property Buyers’ Agent
A Buyer’s Agent is a real estate professional that represents you, as the buyer. They are licensed professionals that will represent your needs and wants in the real estate transaction.
As the homebuyer, it is up to you how much or how little you would like the Buyer’s Agent to assist with your purchase. It may be as little as finding the property but could include acting on your behalf through the whole purchase process.
In the property transaction, there may be two real estate agents – your Buyer’s Agent and the Listing Agent. The role of the Buyer’s Agent is to help you secure a property that meets your goals and expectations. The role of the Listing Agent is to support the seller of the intended house and ensure the seller’s property goals are achieved through the transaction. Whilst the Listing Agent will communicate with all parties, their primary focus is to get the best deal for their client, the seller of the house.
Having someone with your best interest in mind and with the relevant industry experience to represent you in a property purchase could make all the difference in what properties, both on and off the market, you will have access to, and how time-efficient the transaction is.
Benefits of Using a Buyers Agent
A Buyer’s agent can help you in the following ways:
They Have Access to Multiple Listing Services
The property market is quite a competitive environment, and for some, the purchasing process may seem daunting. With new homes being published on real estate portals every day and demand for stock going through the roof, it can be a great benefit to have someone on the inside. This is where the role of a Buyer’s Agent is key.
Through their industry connections, a Buyer’s Agent can have access to range of properties through off-market properties, silent sales or properties that are about to be launched to the market.
Purchasing a home that has not been released to a larger audience can allow the Buyer’s Agent more time to discuss the property with the Listing Agent or vendor to negotiate, which can secure you a better deal without the distraction of other enquiries.
Buyer’s Agents offer an exclusive service that can be the difference between you securing the home of your dreams.
However, a Buyer’s Agent is not just limited to off-market properties. They can help you in auctions and during a private treaty sale. Depending on your property goal and budget, your Buyer’s Agent can recommend which form of sale they would advise for you to achieve your preferred outcome.
Finding The Right Property
As experts in all things real estate, Buyer’s Agents use their knowledge and experience in the industry to help you avoid making common mistakes and missing profitable opportunities. Their experience can save you countless hours on real estate portals looking at the latest listings and enquiring about each property you are interested in.
Once your Buyer’s Agent is on board, they will identify the sort of property you are searching for. This is not just limited to locations; they will also consider the preferred number of bedrooms, distance to local amenities, and potential capital growth or rental yield. From here, a strategy will be formed to find the ideal properties to suit you and your family’s needs.
Can Assist with Purchase Budget
The role of a Buyer’s Agent is to assist you in purchasing the property you want, at a price you can afford. They will research all potential suburbs and houses that are available and determine what is best for you to achieve your property goals.
A Buyer’s Agent Saves You Time And Effort
The services that a Buyer’s Agent can assist with to make it a time-efficient transaction are:
- Location and property research
- Eliminating unsuitable properties
- Arranging and attending relevant inspections
- Negotiations with vendors
- Liaising with conveyancers and lenders
Depending on the services you require from your Buyer’s Agent, they may charge a set fee.
By letting the professional expert take control, it can eliminate a buyer’s stress and frustration levels and maximise their rate of success.
They Know The Local Market Inside And Out, And Are Skilled In Negotiations.
A Buyer’s Agent’s time-efficiency and real estate knowledge are ideal for a first-time buyer looking to enter the property market with minimal property experience and interstate investors looking to capitalise on the local market for high capital growth.
Buying a home is one of the most exciting, yet stressful times in your life. Why not make it easier for yourself, and get help from a professional.
If you are interested in exploring the Buyer’s Agent experience, click here and you will be connected to a Buyer’s Agent in your preferred area.