Do you want trusted advice when looking to buy a property?
Purchasing a home is a serious investment. It is a milestone that should not be taken lightly, nor should negotiations stretch too long.
For this reason, your buying journey of a home or property requires the guidance and assistance of a professional to help you get the best deal. This is the role of a buyer’s agent.
You need to sort out a lot of information to choose the perfect property for your needs or plans. This includes what you can and cannot afford, the location where you plan to buy and what kinds of homes are on the market. A buyer’s agent clarifies everything that real estate buyers need to consider, making the entire process easier.
Is Using a Buyer’s Agent Worth It?
Unless you are exceptionally well-versed in all things real estate, the guiding hand of a real estate buyer’s agent is a no-brainer. This section explores the benefits of using such an agent.
Knowledge of the Market
A buyer’s agent is up to date with the current real estate market. They understand what exists in the market, the trends, as well as the economic forces that affect real estate.
A good buyer’s agent also knows all the market specifics and keeps themselves informed of changes and variations through research. With this vast knowledge, a buyer’s agent could help negotiate favourable outcomes for each buyer.
Buyers are prone to errors because purchasing a home is an emotional experience. They might become attached to details or spend too much on things they think they cannot do without.
By contrast, a buyer’s agent is emotionally unattached. They have an objective view of all the circumstances surrounding the sale. They can handle the stress of hard negotiations and make critical decisions that can spell the difference between a good and bad purchasing experience.
Discovers Perfect Matches
A buyer’s agent takes the time to study your needs in a property. They will try to understand what you want, what you can afford, where you want to be and discuss all necessary details to get you the home of your dreams without overspending.
A buyer’s agent also makes the effort to connect you with the best property and avoids moving you onto the first available home. They will match you and your long-term goals with a property that will make you happy.
Strong and Extensive Networks
One of the huge advantages of hiring a buyer’s agent is that they have a broader reach to far more properties for you to choose from. This stems from their connections within the real estate market and other industry contacts that have taken years to nurture.
For this reason, your buyer’s agent will bring options to the table that will include on and off-market properties. In many cases, a regular real estate agent can only offer properties for sale and listed on real estate firms. However, buyers’ agents often have access to off-market properties.
Should You Trust Your Buyer’s Agent?
A buyer’s agent should give you impartial advice that fits your individual needs. They act entirely on your behalf and get you the best deal on the right property.
Without the assistance of a buyer’s agent, you could be leaving yourself at the mercy of the seller’s agent. Take note that the goal of a seller’s agent is to get the highest price for the vendor. You could easily overspend but not get the best property without the representation from a buyer’s agent.
Can a Buyer’s Agent Save You Money?
Many have the wrong notion that a buyer’s agent’s services are too expensive. However, they can actually save you money, as well as time and stress.
Depending on the industry experience of your agent, the average industry fee lies between 2% and 3% of the purchase price plus Goods and Services Tax (GST) and an engagement fee. For investors, the buyer’s agent’s fees are typically tax-deductible.
Remember that a buyer’s agent can give you the upper hand in negotiations because they understand the auction process and bidding tactics.
The crucial question to ask a buyer’s agent is whether they are truly exclusive or independent. They cannot be classified as independent if they accept sales commissions from vendors or developers because they are acting for the seller’s interests. It would be best to only deal with a licensed buyer’s agent. You can check licenses in the office of fair trading in each state. You can also consider hiring a buyer’s agent that is a recognised member of a professional body, such as the Real Estate Institute of New South Wales, the Real Estate Institute of Australia (REIA) or the Real Estate Buyers’ Agents Association of Australia.
Finding a Buyer’s Agent in Sydney
A professional buyer’s agent provides you with all the knowledge you need to make an informed decision about a property without the hype of a sales agent’s marketing tactics and glossy brochures. They let you know of the true value of a property and provide background information to ensure you don’t pay too much. By hiring a licensed professional buyer’s agent, the savings you can make on your purchase could run into tens or even hundreds of thousands of dollars. Moreover, the entire buying journey would be less stressful and take less of your precious time.
If you’re looking for a reliable buyer’s agent in Sydney, you can find them at Ari Agency. We specialise in buying property in the North Shore and Northern Beaches of Sydney. Our buyer’s agents deliver high-quality service with an in-depth knowledge of the real estate market. We make sure to connect with and truly understand our client’s property needs so we can get the best deal for them. For more details about our service, call us on 0405 428 471.