What is a Buyer’s Agent?
A buyer’s agent is a licenced real estate professional that specialises in searching, locating, evaluating and negotiating the purchase of a property on behalf of
a prospective home buyer.
In a real estate transaction, a real estate agent works for the vendor and a buyer’s agent represents the interests of the buyer.
Benefits of Engaging a Buyer’s Agent
Everyone who buys a property could benefit from engaging an unbiased buyer’s agent to represent their best interests, especially considering that a property is the most valuable asset that most people will ever buy.
Time, money, and peace of mind are the main benefits to come from engaging a buyer’s agent. They will navigate the entire buying process, from strategy development and market research through to choosing a property, negotiating the best price and organising settlement. Many will also provide ongoing support post purchase. Buyer’s agents have substantial knowledge about buying property, including knowing what questions to ask and where to get the information. More often than not, their own expertise will save the buyer more money on the purchase price than their fees. The buyer will also save hours of their own time and be more likely to have made a much better decision on the property that they have purchased.
The Wealth Portal uses the latest technology and bank level security to provide a platform where you can organise and analyse your finances, an area made difficult today with people’s plethora of banks accounts, credit cards, superannuation, investments and loans.
What Should You Look for in a Buyer’s Agent?
Overall, a buyer’s agent should:
• Have good local knowledge of the neighbourhood you’re wanting to buy in
• Operate as an exclusive and independent agent, paid for only by you and not receive commission from the selling agent
• Be a licenced agent for the state you are looking to buy in
• Be able to provide recent client testimonials
In addition to licensing and membership with their industry association, buyer’s agents should be very good communicators, who listen to their client’s objectives, provide regular feedback, and have strong relationships with third parties to the transaction.
Looking for a Buyer’s Agent?
If you’re considering engaging the services of a buyer’s agent, contact me today and I can help put you in touch with some reputable agents.