How a Buyer's Agent can help you in a Red Hot Market
Updated: Dec 29, 2022
There's no doubt that the property market is going crazy right and vendors selling their homes are making sizeable profits! Real estate agents are simply listing properties and there's just so much demand that the market does the job for them. What happens to all the underbidders and people that are trying to find properties for themselves?
Buyers Agents are licensed property professionals who work on behalf of their client to find them suitable properties that match their brief. They assist buyers in purchasing a primary residence or investment property.
They will guide and advise you from the initial planning stage, through search, property appraisals, due diligence, background checks, negotiation, auction attendance, exchange of contracts, through to settlement. Buyers’ agents also act as the middleman, liaising between your solicitor’s, accountants, financial advisors, and mortgage broker so you don’t have to.
They will also be able to interpret these specialists’ “lingo” and explain everything to you in simple terms. Why use a Buyer's Agent Buyers’ agents have vast industry knowledge as well as insider contacts which means they can get a first look at a property before it is advertised and even access to properties off-market.
They will save you a lot of time. They will complete all the groundwork and only present you with a shortlist of properties that meet your criteria. You will get your weekends back, and they can assist in arranging private inspections at times that are suitable for you. They perform due diligence & research and can assist you to arrange a building and pest inspection to ensure all the necessary checks are completed.
A good buyer’s agent is also an experienced investor and is on top of any market changes. They will prevent you from falling for novice investors traps. They can negotiate the lowest price on a property due to their experienced negotiation and auction bidding skills. They are independent and unemotional so will prevent you from falling for typical real estate sales tactics. They will be your support and explain the whole process along the way. They act as the main “go-to” person between your solicitor, accountant, mortgage broker and financial advisor.