Though it may seem easier to find off-market properties that tick one’s standards and pay without involving real estate professionals in the entire buying process, of course, that approach could save time and relieve you of the buyer’s agent fee and other fees. However, you will not likely get the most suitable property at the right price.
Beyond every shadow of a doubt, buying property without a licensed buyer’s agent can do more harm than good. First, you wouldn’t have a real estate agent protecting your best interest in the competitive housing market. Not only that, there would be no licensed professionals to help you beat the wits of selling agents and find the perfect property you have ever wanted at the best price possible.
If you are ready to buy a home or investment property, you must work with a good buyer’s agent who has a vast knowledge of the current market value and possesses all the skillsets to find suitable properties at the right price.
Should You Use a Buyer’s Agent or Not?
Like other property investors, you might be debating whether to hire a buyer’s agent for your property purchase or walk through the purchasing process yourself to dodge the Buyer’s agent fee. Well, that would be up to you.
Honestly, not every home buyer needs the service of a top buyers agency purchasing real estate properties. However, you will be safer if you prioritize getting the ideal property over the commission involved.
Using a buyer’s agent is undoubtedly very important; we have highlighted seven reasons you need a real estate professional to handle your property purchase.
7 Essential Reasons To Hire a buyer’s Agent
1. Find property easier and faster
Finding the right property that meets your ultimate needs takes much time. It may take longer if you are especially trying to search in the Sydney property market.
For the records, the purchase process of a real estate property is always tedious and time-consuming. It requires some legwork and time, even if you are looking for an off-market property.
If you are ready to ignore your work and family commitments, you will still not have enough time as buyers’ agents. Should you go through all that stress when a real estate professional can help you take care of it? It’s not advisable.
Buyer’s agents offer help by putting their local knowledge of the current market to work to find you the ideal property in the shortest time possible. You can become a property owner with buyer’s agents in a few days.
Buyer’s agents have all the resources and tools to help you find your dream property at the right purchase price. In addition, they have a robust network of other real estate professionals needed in purchasing from start to finish.
Of course, you can approach each real estate expert yourself and get listing information online. But outsourcing the task to an expert can be worth the cost and help you save more on the purchase price than your efforts.
Additionally, buyers’ agents know how to deal with sales agents to get the lowest sale price on a commercial real estate property. Therefore, we strongly advise using a buyer’s agent when buying your next investment property. Click here to read about The Difference Between a Buyer’s Agent and Real Estate Agent.
2. They look at your needs and goals objectively
Tens of thousands of property buyers don’t know what they need. They mostly aspire to buy real estate properties for emotional reasons. That, and many other factors, makes a prospective buyer keep hunting unsuitable properties.
Whether buying an owner-occupied or investment property, you need to separate what you want from your needs. And that’s a tough one.
Property buyers’ agents will sit you down and ask a few honest questions to know your real intentions for purchasing a property. After the questioning, they will identify your needs and help you set the right goals for the property investment.
Not funny; it’s essential to set out for the real estate market for the right reasons. That’s one of the reasons you need a buyer’s agent. In addition, we recommend seeking professional financial advice from a buyers’ agent to help you achieve your short and long-term goals.
3. Access to off-market listings and unlisted properties
A buyers’ agency can help you monitor a private sale and the real estate properties available on the regular real estate market. A typical experienced buyer’s agent will connect with a selling agent or other real estate agents with unique properties for sale.
Those unique properties are not listed for sale in the local market because sales agents have built a good business relationship with buyers’ agents. Vendors prefer dealing with the buyer’s agent instead of going through the tedious listing process.
4. You have the edge over competitors
Buyer’s agents know how to bargain in favor of their clients regarding auction bidding. However, other people can sometimes develop an interest in the property you are eyeing. That means you may not likely get the property unless you have a professional negotiating on your behalf.
Buyers’ agents have good local market knowledge. With that, they can quickly make a deal with a selling agent to save you from going back and forth in the buying process.
5. Wider reach
You must work with a resourceful buyer’s agent to touch every Sydney real estate market boundary. With a buyer’s agent at your side, you can access every suitable property at different locations.
Buyers’ agency allows you to leverage their knowledge and skills to purchase the best property beyond your locality.
6. Excellent Investment knowledge
Buyers’ agents have mastered solid investment strategies with which they can advise clients on the best property to buy. If you are buying investment properties, a buyers’ agent can help you source the ideal property from a capital growth perspective.
They will also give you professional advice on managing your properties to sustain the investment value for a long time. As a property investor, you need a good knowledge of capital growth opportunities across different locations.
7. Negotiation skills
A buyers’ agent knows how to beat the wits of a sales agent to get you the right property at the lowest sale price possible. But unfortunately, most home buyers fail when it comes to negotiation. That’s why they buy at the wrong price.
Sellers will always drive a hard bargain to ensure they get more profits. However, an experienced buyer’s agent will negotiate for a fairer price that benefits both sides.
A buyer’s agent is a buyer’s advocate. That means they serve as the mouthpiece of home buyers and property investors in the local market, helping them to negotiate the best deal possible for the right property
Whether you are an owner-occupier or a property investor, working with a competent buyer’s agent to help you throughout the buying process and ensure you purchase the best property available.