When you are looking to purchase a new home, employing a buyer’s agent is a great way to outsource the stress of searching for a new home.
A buyer’s agent can take the leg work out of looking for the right home for you and working through the negotiations with the selling agent. Whether you are a downsizer, an investor or a first home buyer, they will help remove some of the pressures in the home purchase.
What is a Buyer’s Agent?
Buyer’s Agents are licensed agents who are experienced in the property buying industry. They are expert property negotiators and will advocate for you as a buyer in your property purchase.
They will offer different service models depending on what you need, negotiating through the sale and bidding at auction on your behalf or saving you time by finding suitable properties in the suburbs that you are after and negotiating through the sale.
Benefits of using a Buyer’s Agent
A buyer’s agent will have the knowledge of current market trends, will know what similar properties in your area have sold for and they will also have connections with real estate agents in the area.
In some cases, this can mean that you would have earlier access to properties, often seeing properties before they have gone to market, and you can narrow down your list and decide faster.
They can give you back precious hours of time by looking for properties that fit your criteria, saving you the stress of looking through endless open homes and will be able to point out the features and risks with the property on items that you may not have considered.
Being on the ground also means that they have knowledge of the local areas, potential new infrastructure, changes in amenities and good school catchments that are hotly contested and save you the time of researching these factors.
If you are looking at the property as an investment, they will be able to advise on the potential capital growth of the area and the yield that the property could achieve in the current market.
A buyer’s agent can save you money on your property purchase as they remove the emotion from the sale and will know how far to negotiate within your price limit and when to walk away if they feel like the price guide in unrealistic.
They will guide you through the whole sale process from looking to settlement day and ease the pressure as you search for your new home.
If you would like to know more about buyer’s agents and how they can help in your purchase, contact our team to discuss.