1. They’ll save you time, stress and money
Whether you’re an owner/occupier looking for a family home or an investor wanting to add to your property portfolio, a buyer’s agent will save you significant time, stress and money. They’ll source properties that match your wish list, and negotiate with real estate agents to get you the best deal. All that’s left for you to do is sign on the dotted line.
2. They have before market access
Buyer’s agents develop long-term relationships with real estate agents, which means many have access to properties before they hit the general market. They can often connect you with properties before they’re advertised to give you the inside running. That’s particularly valuable in highly competitive metropolitan markets where early offers are becoming increasingly common.
3. They know where the value is
Many buyer’s agents will attend open houses with you. That means they can point out any hidden problems with the property that you may not notice yourself. And they know where the value is – and where it isn’t. A poorly renovated kitchen, for example, may have superficially inflated the selling price beyond the value it actually adds to the property.
4. They’ll represent you at auction
Auctions can be one of the most stressful aspects of purchasing a property – especially for first-time buyers. Your buyer’s agent will attend auctions on your behalf and help make sure that emotion doesn’t take over when the bidding heats up. Rather, they’ll keep you focused on your budget and goals so you end up with the property that will benefit you the most.
5. They’re an investor’s best friend
If you want to start an investment portfolio but long lectures about the difference between positive and negative gearing send you to sleep, then a buyer’s agent will quickly become your best friend. They can help set you up with an investment strategy that’s aligned to achieving your personal goals – short- and long-term – without you having to wade through all the industry jargon. They’ll also ensure that you’re selecting the right type of properties for your investment strategy and don’t end up with a lemon.