You’ve heard the term Buyer’s Agent and you’ve asked yourself, “What is that?”.
Basically a Buyer’s Agent is a newer concept and is the new black when it comes to real estate. They have been featured successfully purchasing property on The Block, so they are definitely ‘in’ right now.
So what is a Buyer’s Agent? Well simply put, a Buyer’s Agent only represents you, the buyer. They specialise in searching for, viewing, evaluating and negotiating the purchase of property on your behalf. They do not sell any real estate and and should be 100 per cent independent of any real estate agency. Simpler again, a Buyer’s Agent saves you time and money searching for your property needs.
Just think about it, someone who views up to 30 properties a week, has a huge amount of local knowledge. They can find and recommend up and coming suburb ‘hot spots’, keep their cool at auctions, save you from paying extra on an emotional impulse buy, organises all the process up to settlement and understands the legal jargon. The other great bit – at Property Solutions 101, our Buyer’s Agents are 100 per cent independent. While still maintaining positive relationships with various real estate agents as it is vital for Buyer’s Agents to keep on top of the market trends and current availability.
Now comes the question, how do I pick the right Buyer’s Agent? When searching for a Buyer’s Agent you must check that they are independent. Otherwise they are taking cuts from real estate agents and promoting the seller above the buyer. It is also better to choose an agent from your target purchase area as stronger local knowledge will most likely lead to a better outcome.
Is there anything else Buyer’s Agents can do? There are many other services a Buyer’s Agent can provide including rental assessments, property management of your investment properties as well as helping those in later stages of life looking at retirement living options.
Kylie Frearson from Property Solutions 101 has over 18 years of experience in all areas of property and says “its so important ask the right questions before hiring a Buyer’s Agent. How experienced are they? Are they fully licensed? Whether the director or directors have ever been bankrupt or been through any kind of liquidation? Can they provide recent client testimonials or references? And the big one, do they also sell property? A professional and fully licensed buyer’s agent can really give you a huge advantage in the market to secure your property.”
If you need some help getting into the property market or are wanting to expand your property portfolio get in contact with the professional team at Property Solutions 101 and see how much a buyer’s agent can help you reach your property dreams.