Why use an Independent Buyers Agent?
Buying a property is one of the most EXCITING and EXPENSIVE purchases you will ever make in your lifetime. Many people buy once, maybe twice in our lifetime, however thousands of Australians have recognized property investment to be their preferred road to financial freedom. As with all investments though, if you get it wrong it can be a very expensive mistake. Alternatively, get it right and it can increase your portfolio by 10’s of thousands of dollars.
The property market can be a very busy and confusing minefield. To find the right property there is a lot to do!
- Research the market for the best location (Location, Location, Location)
- Scour the internet daily to make sure you don’t miss out on a great property
- Network with sales agents for off market and upcoming properties
- Conduct due diligence and analyse every property
- Book inspections
- Attend open-homes every weekend
- Research and conduct comparable market analysis to ensure you know it’s true value
- Negotiate the right price
- Submit contracts and negotiate
- Organize and attend a Building and Pest Inspection and negotiate any issues identified
- Consult with the conveyancer, and
- Attend the Pre-Settlement Inspection to ensure the property is ready for settlement.
Most investors try to do all of this AND maintain their day job. It’s any wonder people get it so wrong, so often. Do you have the time and knowledge to do all of this with complete confidence to ensure you don’t end up buying a very expensive mistake?
That’s where an Independent Buyer’s Agent comes in. Very few people have heard of an Independent Buyer’s Agent, some people know them as a Buyer’s Advocates. Independent Buyer’s Agents are qualified real estate agents who represent only the buyer in a property transaction. They are completely independent of selling agents and vendors, so they work to get the best outcome for the buyer. They utilise proven techniques to research and analyse the market to identify hotspots, search the market for available properties, and inspect the properties to quickly and efficiently identify the rose amongst the thorns for their clients. Another benefit of an Independent Buyers Agent is that they are connected and they utilize their networks to open up opportunities for purchasing properties, often before the properties even go on the market.
Knowledge of the market is one of the main keys to securing a great property at the right price. Let’s face it, you cannot beat the up to date knowledge gained by an Independent Buyer’s Agent that is purchasing properties week in and week out. Don’t be fooled by thinking you can estimate the value of a property by printing an automated valuation report or worse still, relying on the price estimate of a free website. Free website data is generally months behind the market. You could spend months missing out on properties relying on this type of data, meanwhile, property prices keep moving.
Be aware, not all Buyers Agents are the same. Some Buyers Agents are affiliated with a Sales Agency or with developers, which push the products that they are selling. Always be sure you work with an “Independent Buyers Agent”. This will ensure you are getting the unbiased, independent, essential property advice you need to purchase the right property for you and your future plans.
Contact Essential Property Advice for a free consultation to discuss your buying needs.