Buyer agents have become more common in the past years. They have been around in the background for a long time, but only in the past five to seven years have they really come into the limelight. Shows such as The Block have demonstrated their worth and given the public a peak into what they do. But do they save you money? This is the question on everyone’s mind.
In short, they do. Whether it be stopping you from emotionally bidding at an auction and going beyond your means, or if it’s negotiating you the lowest price achievable in a purchase by understanding the situation and taking advantage of every pressure point. Advocates, more than any other agent, do copious amounts of research into property, areas and agents. They know what to buy, where and from whom and no matter how good you think you are, you haven’t spent the decades week in week out studying and practicing the art of buying property.
Just like anything, you must research to find who’s good and who’s great. But when you do find that agent, they will show you another side of real estate you never knew. Remove your emotions, remain objective and buy property at less than market value, these are all great attributes of a buyer agent. Save yourself time and money and do yourself a favour and start exploring.
The following advice is of a general nature and intended as an opinion and broad guide. For all legal, financial or real estate advice you should obtain independent professional advice to do with the specific nature of your circumstances before making any legal, financial or real estate decisions.