Buying a property can be one of the most exciting moments of your life. It embraces the feeling of a new chapter in your life and all the hopes and dreams that come with it.
Sometimes, however, there are not enough hours in the day to focus on finding your dream home. Instead, it can be more profitable to seek the services of a buyer’s agent who has local knowledge and industry contacts to track down and purchase your next amazing home.
Using a buyer’s agent is an equally solid option if you’re living a significant distance from your target area.
Their services are useful if you’re overseas or, for example, you live in Perth but want to buy in Melbourne, where flat values offer a good opportunity for capital gain currently.
In the case of an investor, there are also new state government rules and regulations that a buyer’s agent will highlight so you make a fully informed decision about your purchase.
And finally, If you’re relatively inexperienced in purchasing a property and your time is limited, it’s easy to make mistakes that either cost you thousands of dollars, or you buy a property that fails to meet your expectations.
A buyer’s agent will charge for their services, of course. (In the traditional model, a real estate agent works for the seller and is paid on a commission basis by the seller).
Here are some of the reasons for why you might consider using a buyer’s agent:
Key advantage: If you’re looking to buy in an unfamiliar area, the local knowledge of a buyer’s agent can be invaluable.
Trend Friend: In today’s market, it’s essential a buyer’s agent who knows the local trends for all types of property. They should be able to identify good investments and show you the data to validate their recommendations.
Focus: So many purchases are emotional decisions. But a buyer’s agent will cast a cold eye over every property and ensure each meets your criteria, either as your next home or an investment property.
Time Gain: Apartment or house-hunting is time-consuming. If you can’t afford to dedicate the hours, a buyer’s agent will take on this burden. Because of their knowledge and industry connections, they may achieve your goal in half the time it might take you.
Personal Touch: The value of a buyer’s agent depends on how well they work with you. Communication skills are essential. If you don’t feel you’ll get clear and concise information, you should seek alternative candidates.