What is a buyers agent?
A buyer’s agent is a licensed professional that specialises in searching, evaluating and negotiating the purchase of a property on behalf of the buyer. For someone who is new to the real estate market, a buyer’s agent is a great way to ensure your first property has the most potential for future success.
Buyer’s agents do many things for the purchaser. These include:
Searching for your next home or investment property. These agents have extensive knowledge of their local real estate markets; some also specialise in different parts of Australia. Their years of experience will assist you through the process more quickly and efficiently than if you were doing it on your own.
Providing you with up-to-date information about market value and potential growth for different suburbs in the local area
Receiving accurate appraisals to get the true market value of the property
Gaining access to off-market properties due to the vast network of real estate contacts that the buyer’s agents liaise with on a daily basis
Negotiating the property’s purchase price and terms on your behalf
Assisting in the settlement of the property
It’s important to note that buyer’s agents typically charge a commission on the sale of the property, which can be a significant expense. Therefore, you should consider the cost of hiring a buyer’s agent in relation to the potential benefits of the service. Additionally, you should also do your own research and due diligence to ensure that you are comfortable with the property and process before making a decision.