The benefits of using a Buyer's Agent
- Sellers & their agents have the upper hand
- Save money, time and unnecessary frustration
- Buying at auctions
- Advice on value and future growth
- Market research & property history
- Financing and legal issues
- Buyer anonymity
Sellers & their agents have the upper hand
When you're thinking of buying a property you like, it's so easy to let the heart rule the mind and overlook important purchasing criteria. Investors too can be emotional. Give yourself a fair chance in the negotiating
process and have a Buyer's Agent represent you. We take a professional approach and are totally objective.
Remember, the agent who is acting for the seller may be helpful, but he or she is obligated to act in the seller's best interest, not yours.
Save money, time and unnecessary frustration
Believe it or not, looking for a new home or investment should more enjoyable. Buyers often start off enthusiastically but all too often it soon becomes depressing. Many end up making decisions out of frustration. Others fail to take advantage of opportunities because they feel unsure. Some go to Auctions hoping a property will be in their price range, only to be bitterly disappointed.
All this can be avoided with some professional advice from the start. With the guidance and steady hand of a Buyer's Agent, you can save time and money and make buying a more enjoyable experience.
Buying at auctions
It is quite legal for an auctioneer to make up to three bids on behalf of the vendor up to the reserve price at an Auction Sale (vendor bids). The problem is, how do you know when to bid or not and how far you should go? An Auction is a public competition between buyers, but not everyone is cut out to take the pressure which can be overwhelming. Mistakes or hesitation can be extremely costly and you don't need to be the one with the most money to win.Experience, tactics and a cool head can make a difference and could save you thousands of dollars. Bidding is stressful and best left to an expert who won't get carried away.
A Buyer's Agent can advise and bid on your behalf to improve your chances of buying the property you want at the best possible price.
Advice on value and future growth
As previously mentioned it is very easy to fall in love with a property and overlook the important issues, that if viewed objectively; cast a different light on the purchase.
No one wants to pay too much and when you do you usually can't recoup the cost when you sell. With the services of a Buyer's Agent you ensure you don't pay too much and when you
sell you can sell with confidence.
Knowing that the property will grow in value and make a secure investment are very important issues, whether you're living in the home or if it's an investment; specially if you are going to rely on it in your retirement.
As your representative a Buyer's Agent can give you an honest opinion on these issues and others to ensure you make the most of your investment.
Market research & property history Once you decide to purchase, naturally, you tend to compare properties you have seen. Most of the time however, you tend to compare asking prices and this can be misleading. Looking at different properties in different suburbs can further complicate your assessment. In order to avoid possible confusion and making mistakes you need to know the different areas, sub-markets and as much about the property as possible.
If you fall in love with a place, selling agents can tell and they know you will pay more, but you don't always have to. A Buyer Agent will ensure you are well informed before an offer is made.
Verification of property and condition
Nobody wants to buy a 'lemon'. 'Caveat Emptor' or 'Buyer Beware' means when you deal in property you do so at your own risk. The onus is on you to know what you're getting yourself into. The fact is, it is much easier to be aware if you know what to ask and what to look for.Don't rely on just what you see on the internet, there is nothing like seeing it. The trained eye of a Buyer's Agent looks at the worst as well as the best features of a property and then advises accordingly.
By using a Buyer's Agent you can avoid many of the pitfalls that are often overlooked. Where additional expertise is required, inspections and reports can be promptly arranged to evaluate the extent of any problem.
Buyer anonymity
The more a seller knows about you, the buyer, the more this affects your negotiating position and vice versa. A Buyer's Agent can ensure that the vendor or vendor's agent does not take advantage of your position.Remaining anonymous is crucial in instances where a purchaser is likely to pay more than may be reasonably necessary. One example is the case of the adjoining owner, but there are many situations where remaining anonymous would be to the buyer's advantage.
Using a Buyer's Agent gives you the opportunity.
Financing and legal issues
A Buyer Agent can brief you on your financing alternatives and help you make the most of your negotiating position. You need not miss out because you haven't had time to assess all the options. All too often buyers could have saved money and much disappointment by simply being financially better prepared.There are also the legal issues that need to be understood. It's too late to say you weren't aware once you have bought the property. If you require specific conditions to be added into the contract to purchase, then you can be sure these will be in place by using a Buyer's Agent.
After all the relevant documentation has been carefully perused, an offer to purchase can be drawn up on your behalf and presented in its best light by your Buyer's Agent.