When you’re looking for a new home, there are actually various options on how you can go about your search. You can either do it yourself, sifting through listings online or in nearby neighborhoods, call a real estate agent to help you find for-sale places to check out, or hire a buyer’s agent.
Wait, what’s the third option?
Buyer’s agents are less known, with not many people familiar with these helpful workers. But this may have you wonder, “why to bother to hire a buyer’s agent to do a job I (or a real estate agent) can do?”
Read on to find out the benefits and importance when getting buyers agents in Brisbane.
Benefits of Hiring a Buyer’s Agent
Buyer’s agents are different from real estate agents, as they would work exclusively for the property buyer. They are the buyer’s advocates when searching for properties, evaluating them, and negotiating with the agent or seller when sealing the deal to get the best possible price.
So, to answer your question, yes, buyer’s agents are quite important when investing in properties. Here are the reasons why:
- They Offer a Wide Array of Services
Buyer’s agents can provide a wide array of services to help you find your dream home. Remember, purchasing a home is no joke or a walk in the park, it takes a lot of work, and for new buyers, this can be quite daunting. With a buyer’s agent, they can give you professional services such as:
They are able to connect you with all types of properties that fit your needs and preferences, evaluating their merits using a comprehensive property checklist. This will ensure that proper due diligence is completed.
Buyer’s agents can negotiate the full price for you, so you get the best price possible. They also provide advice on the market value so you get your money’s worth and save more. Plus, they also provide auction bidding services so you can leave the stressful job to them and focus more on your work and daily activities.
They have the network to provide you more market properties than what you can find alone, along with people related to checking the property. This includes connections with building and pest inspectors, conveyancers, mortgage brokers, and more.
- Updated Advice and Time Saved
Buyer’s agents don’t only have the training and experience, but they also make sure that they are on top of all market trends, opportunities, and challenges. This ensures that they can provide up-to-date tips rather than outdated ones and that all advice is accurate and trustable compared to if you were searching for properties alone.
Besides this, they also have you save a lot of time and effort on your end. Instead of you being the one taking hours of conducting property research, they will be the ones narrowing down the choices and showing you which properties are best for you, so you won’t have to go to endless open homes. Buyer’s agents will be the ones doing the research and connecting you with all good properties that fit both your brief and budget.
- They Provide Off-Market Listings and Different Markets
You can’t find ALL properties from the naked eye. It takes a professional with experience and connections to gain access to more market opportunities, both within the market and outside of it.
Buyer’s agents have a huge network of properties that may not be listed online, so you have access to exclusive deals and properties.
Furthermore, they have extensive knowledge of both local and regional properties. If you’re looking for properties’ interstate or in regional areas of your country, then buyer’s agents have the knowledge to find the right properties for you, still fitting your brief and budget.
This gives you more choices and even better deals that you won’t find yourself when searching online!
- Negotiation Confidence and Emotional Detachment
A very challenging part of the property buying journey, especially for first-time buyers, is making the offer and how much it should be. Sometimes, the offer can be so low that they lose the opportunity, or it can be too high and have them lose money!
Buyer’s agents have the knowledge on how much properties should be so you won’t be overpaying, handling the entire process for you. Plus, you won’t get too emotionally attached, which can cause overpaying. Buyer’s agents can stop you from overlooking any issues, preventing you from paying more than you have to (you’ll be surprised with how many people go over budget getting a property they fell in love with, even if it has issues).
- Portfolio Management
Buyer’s agents will make sure that the buyer’s investments will be managed professionally, so all of your future property purchases and investments are in safe hands. You are ensured that you can secure your dream property within budget and at a fair price without the hassle, stress, emotions, and uncertainty.
The entire process will be seamless and managed well. Plus, buyer’s agents won’t have to cost too much, as they have similar costs and fees compared to real estate agents. What makes them better is that buyer’s agents work solely for you and not for the seller as well, so they make sure YOUR best interest is in mind.
Wrapping It Up
While buyer’s agents are important and beneficial, you shouldn’t hire just ANYONE. You need to find the right one based on your needs and preference, and of course, a reputable one with experience. I highly recommend that you conduct research before hiring a buyer’s agent, so you have better chances of getting your dream home!
Hopefully, this article showed you the importance of why you should hire a buyer’s agent. Don’t wait any longer, if you are planning to invest in a new home or property, begin your search for a buyer’s agent now.
Do you have questions or want to share your experiences and insights working with a buyer’s agent in your area? Share them in the comments section below, I appreciate all of your thoughts!