I’m a First Home Buyer – Should I Use a Buyer’s Agent?

Are you looking to buy your first home? 

Buying a home is undoubtedly a great accomplishment for all real estate buyers. But like all big projects, understanding and navigating the home buying process can be difficult, especially for first-time buyers. It does help to know that it’s crucial to prepare and get the right details from start to finish. 

While you are familiar with the dealings of real estate agents or you might think it’s practical to navigate the process on your own, seeking the help of a reliable and professional buyers agent like Ari Agency can make a big difference. 

With Ari Agency, we will act on your behalf to research extensively and provide you access to the best properties.

What Are a Buyers Agent’s Responsibilities?

If you’re ready to hire the services of professional property buyers agents but don’t know how they can help you, take a closer look at what they can offer.

  1. Searching for properties and creating a shortlist of the most suitable properties

Given the experience, home buyers agents already have a wide range of knowledge about the locations of properties in cities and suburbs in your area. These professionals can find the perfect property that meets your criteria. This is because they have wide network connections with real estate agents, property managers, independent sellers and first-hand owners who are looking to sell their properties. 

Even if the properties are not yet out in the market, highly competent buyers agents can access such properties without delay. Hence, after a rigorous and in-depth search, they will present to you the most qualified properties based on your initial requirements.

  1. Inspecting the shortlisted properties to identify potential issues, building inspections, pests and engineering reports

Buying a home is one of the greatest transactions you’ll ever make, so the buying process must be handled properly. With the help of a property buyers agent, pre-inspection of property becomes a priority. Property inspection is necessary before the final purchase to evaluate the condition of the structure. Doing so will determine if the building has complied with the Australian inspection standards. 

This is why it is essential to work with a buyers agent that has excellent connections with reputable professionals like building inspectors, surveyors and pest consultants to help you make better investment decisions. 

  1. Negotiating property purchase price

Although negotiations may sound simple, bargaining the price of a property needs expertise. A buyers agent will use all resources to negotiate for a better price deal. To do this effectively, your agent will run a comparative market analysis to determine the fair market price based on the sold properties in the area. They ensure that you are not overpaying for a property that is beyond your budget.

  1. Bidding on your behalf for an auction sale

Seeking the help of a buyers agent during auctions is one of the greatest strategies if you want to purchase a property. These professionals are confident bidders who know how to handle the pressure during the bidding war. Furthermore, your buyers agent knows the real value of a property, and will thus use his expertise and experience to submit an offer prior to the auction. 

  1. Overseeing contracts and assisting in the preparation of a Power of Attorney

Going over real estate contracts can be confusing and complex. When you hire a buyers agent, you’re hiring a professional who is very familiar with the ins and outs of real estate contracts. There are vital elements in the contract that have to be set, including details in the purchase offer and deadlines. 

When it comes to a home purchase, arrangements are not only about paying the seller. Timelines in the contract must also be followed through to ensure the legality of the purchase, and this requires an appropriate response on your part. Hence, a buyers agent will come up with the right contracts so that you’ll stay on the right schedule during the buying process. 

Is Using a Buyers Agent Worth It?

The short answer is yes. The many services of a buyers agent can do more than just close the deal of your desired property. Buyers agents are licensed professionals who can represent you in buying property transactions. 

Many think that engaging with their services is too costly. But contrary to this belief, hiring a buyers agent will save you time and money in the long run. This is because they know the value of money, and an important element of their service is to leverage their knowledge to help clients get the best deals. 

Also, given that money is involved in every transaction, these experts can offer you the best properties within your budget, as well as help you save money through negotiation at auctions, research and off-market sales. 

What Is the Difference Between a Realtor and a Buyers Agent?

Although a realtor and a buyers agent work together in real estate transactions, they provide independent services. 

A real estate agent represents the seller’s interests, while a buyers agent protects the buyers interests. Realtors market the properties for sale, conduct property appraisals based on the most recent property sales in the area and negotiate the highest selling price of properties. 

Buyers agents, on the other hand, represent the buyers in all activities and transactions involved in the buying process. They will choose the best properties, determine the market value, arrange building inspections, oversee contracts and negotiate for the lowest price and terms. 

Start Your Property Journey With Ari Agency

Are you a first-time home buyer?

At Ari Agency, we offer a higher standard of service to give you the full benefits of hiring our team. We have everything you need from credentials, affiliations, network connections and a highly solid track record. 

If you are a first-time property buyer and in need of a real estate service, let us help you navigate the process successfully. Call us on 0405 428 471 today, and we will help you find exactly the property you are looking for.