Buyer agents have been around for a long time working in the shadows of researching properties, creating and maintaining relationships with real estate agents and making it their business to know everything about everything that influences a sale.
Here are some of the main reasons why you need a buyer agent…
- They know more than you do
Imagine that 8 hours a day 6 days a week all you do is research anything and everything to do with buying property. That’s what buyer agents do. It’s their full time job and they are solely searching for the smallest edge they can find to ensure their clients get the property they want at the best price. Negotiating is second nature and dealing with agents is a walk in the park. A good amount of buyer agents are ex-real estate agents, so they know how it works on both sides of the fence.
- They have backstage access
I good buyer agent has been able to create outstanding relationships with multiple real estate agents and if they have a client looking for something specific or not on the current market, they can use their networks to get into properties before they even come to market. Always remember that there is a very large amount of properties every year that are sold off market that the majority of population will never know about. Having access to these properties only come from strong links with the right agents.
- They save you a hell of a lot of time
Time is a hard thing to spare these days, especially when you have to go week in week out to open for inspections. Having someone who watches the market all day everyday, pre inspect properties and give you a shortlist of properties on and off the market, all while you’re at work, makes life a lot easier and most importantly ensures that you don’t waste every weekend, months on end looking for the right property.
- They know how to negotiate… like, really KNOW!
All day everyday they are negotiating continuously on behalf of clients. They gear themselves up with every bit of information about the properties and influences around pricing and competition and have a strategy in place in order to get the best price possible for their clients. The most important thing is they are not emotionally attached to any transaction and can remain completely objective (this in itself may save you tens of thousands of dollars). Aside all this, as mentioned earlier, a lot of buyer agents are ex-real estate agents, so they know what makes them tick.