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If you’re feeling overwhelmed taking on the property market yourself, a buyer’s agent could be the solution.
When it comes to cracking the property market, there’s no doubt it’s not an easy task. From ongoing market research to keeping on top of new property listings and going to endless open houses... house hunting can be a full time job.
For some prospective buyers, the task seems too large. I know many of my own friends are keen to get the ball rolling on their first purchase, but they keep waiting for the time when they’re ‘less busy’.
Unfortunately, for most of us, that time never comes. Thankfully there is a solution – enter the buyer’s agent.
Unlike a real estate agent, a buyer’s agent works solely for you, the buyer. From searching for your property, to attending auctions on your behalf and negotiating with vendors and real estate agents, a buyer’s agent can do as much or as little to help you on your property journey as you like.
Furthermore, as a first time buyer, the expertise of a seasoned property player could help you make a more informed purchasing decision.
A full service will include everything from searching the market for properties based on your established criteria, shortlisting properties for you to view, and negotiating on sale terms on your behalf.
In particular, a buyer’s agent can be particularly helpful for inexperienced buyers. Another advantage is that a buyer’s agent will usually have good connections within the property market and be able to access properties before they come onto the market.
Of course, enlisting a buyer’s agent comes at a cost. Their service can range from a few hundred to thousands of dollars depending on the degree of assistance they offer.
This cost can be recouped in several ways however, mainly in the price you end up paying for a property.