How to Decide If Using a Buyer's Agent Is Right for You

Buying property is exciting but is also both time-consuming and expensive. It’s always a significant investment, and you want to ensure you are narrowing down your search to save time while understanding the market to save money. When you decide to go it alone, you are more likely to make common mistakes that cost you time and money. Here we look at five of the most compelling reasons to use a property buyer’s agent to ensure you don’t waste time and get the most for your budget.




1. You are Short on Time


This is a significant consideration when embarking on a property search. Most people don’t realise it takes an average of 200 hours to find the right property. This is because there are so many locations and properties on the market. You want to narrow down your search in the best neighbourhoods for your budget and see as a few houses as possible to make your search easier.


A buyers’ agent’s job is to find properties for their clients. They do this day in and day out and already have an excellent understanding of what properties are on the market. They can conduct research using the best tools available, tools you can’t access. They also hear about new listings sooner. As a result, your search is streamlined and the only time you invest is in seeing the homes that meet your criteria.


2. You Don’t Want to Miss Out on Opportunity


When you go it alone, you look at property after property and can miss out on properties that are right for you. If you are looking at the wrong properties in your search, those with a buyers’ agent have the edge over you. They are looking at the right properties. When you share your criteria with your agent, they zero in on the suitable properties, so you never miss an opportunity. While you might think what you won’t know can’t hurt you, when you move in right beside a far more appealing home that just recently sold for the same or less than what you just spent on a less desirable home, you’ll recognise just how much it hurts to miss an opportunity.


3. You Want to Pay Less and Get More


The money you invest in sound advice could save you from making a much more expensive mistake. When you are out inspecting homes, the agents you encounter are the sellers’ agents. And guess what? They do not have your best interests at heart. They are there to represent their client who is looking for top dollar for their home. Without a buyers’ agent, you are vulnerable to buying a home that is either not suitable or far more expensive than the market average – or worse, both. A buyers’ agent represents you during the negotiation process, so you always pay the lowest possible price for the home you want.


4. You Want to Avoid Frustration


If you search for a property without a buyers’ agent, you are more likely to encounter frustration after frustration. As mentioned above, the agents you encounter are sellers’ agents. When you ask them questions, you are not likely to get the answers you need to make an informed decision. You are also more likely to fail to get the home you want because another buyer’s agent was there at the right time with the right offer. The frustrations of property buying are greatly increased without someone guiding you through the process.


5. This is Your First Property Purchase


No matter how much information you source online, you will never have the inside scoop on the property purchase process. This is not an easy process which means it is easy to make mistakes. A buyers’ agent is there to guide you through each step, from researching the right homes in your price range to showing you the homes and from understanding the importance of location to negotiating a fair price for your investment.


As you can see, a buyers’ agent really is right for everyone looking for the best properties at the best price.




EQ Property

Address

Suite 3, Level 27, Governor Macquarie Tower

1 Farrer Place, Sydney NSW 2000

Phone Number

(0403) 115-367

Email

giles@eq-property.com.au

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