Buying an investment property in Australia right now is a really attractive prospect. The current property market is packed with great deals, and if you find a suitable property, you get an amazing source of passive income for a long time coming.
That said, the property purchase process is quite complicated, and navigating your way through the market without a guide can make it really hard to buy a good property. This is why having a buyer’s agent helps you find the right property and negotiate the best possible price is crucial.
Whether you’re looking in Canberra or the best Sydney buyers agent, you need a buyers agency to help you out. And in this article, we’ll explain why.
You’re going to want to read this before entering the property market!
What Is a Buyers Agency?
A buyers agency is where you can find a well-trained and experienced buyer’s agent to help you bargain with selling agents, find properties, and serve as the buyer’s advocate throughout the entire process. Home buyers are usually left at the mercy of the selling agent, who is always looking to sell real estate higher than the current market value.
A good buyer’s agent has great local knowledge of the perfect property for your needs and is familiar with all the rules and regulations around purchasing property. On top of that, a buyer’s agent will practice due diligence and ensure you know all the ins and outs of certain investment properties before purchasing.
In the modern market, a buyer’s agent is crucial. And if you want to give yourself a fighting chance against real estate agents while also ensuring a smooth buying process, you might want to consider hiring one yourself.
Why You Need a Buyers Agent
Property purchases are far from a simple task. Even if you have a relatively rich property portfolio and great property management skills, scouring the market for good deals and referencing them to recent sales data is tough. But if you have the best buyer’s agent by your side, rest assured that the buying process will be much easier.
Find the Best Property (Even Off-Market Properties)
If you want to buy property in Australia, whether that’s in the Sydney or Brisbane property market, you’ll have a lot of options. That said, finding the best property at the right price is no easy task. In fact, you might find a hard time finding properties that meet your needs while also coming at a decent purchase price.
But with a buyer’s agent, you have someone to scour the real estate market for you. Good buyers agents are familiar with the market and where to look for properties. On top of that, they can talk to a real estate agent and look for the best properties available that may not even be publicly listed.
This gives you many more high-quality options for your next investment property and is a major reason buyer’s agents are crucial nowadays. Click here to get Help buying a home.
Ensure You Buy Your Investment Property at Market Value
Your buyer’s agents will serve as the buyer’s advocates in the market. So, they will make sure that you don’t end up buying property at a bad price. In fact, buyers’ agents put in a lot of time and effort to make sure you purchase a property at a fair price, whether through a straight sale or auction bidding.
Make Offers and Negotiate
Making an offer on an ideal property can be hard, as you don’t want to set a price too high, nor do you want to lowball the seller. That said, a buyers agency will help you find professionals that can assist you throughout the entire buying process, which includes making offers to sellers and negotiating the best price.
Set Up Tours
When you enter the real estate industry, one of the first rules you will learn is that you need to look at a property before buying it. This is why a buyer’s agent can help set up tours of a property, so you get to see all the ins and outs. And since you get access to tours right away, you can find the right property sooner.
A Buyer’s Agent Can Refer You To Their Network
Buyer agents have a massive network of real estate professionals. They can help you find property managers, lawyers, real estate agents, and more. That way, you always work with trustworthy people in the industry who your agents can vouch for.
When you pay for a buyers agent, you don’t just pay for their extensive knowledge and industry skills. Part of their fantastic service is getting to create a good network of top-tier professionals that can help you turn your investment dreams into a reality.
How Much Do Buyers Agents Charge?
One of the things you have to consider when hiring a buyers agent is how much they will charge. While you can rest assured that the agents will protect your best interests, they won’t do this for free. In fact, if you don’t find the right agency, you might end up paying way too much for your buyers agent.
Typically, a buyers agent will charge a percentage of the final selling price of a property. This is usually not a problem as the percentage is usually pretty small, between 2%-3%. That said, this isn’t the best payment model, as it can end up costing you quite a lot.
Instead, we recommend options for buyers agents that charge a flat fee. That way, you only have to pay them once and sit back while they help you navigate through the Melbourne property market down to the Sydney scene.
Conclusion – Do You Need a Buyer’s Agent?
If you’re looking to purchase property, we recommend getting a buyers agency by your side. The industry can be aggressive and hard to navigate alone. But if you have a top-tier buyers agent by your side, rest assured that things will be much easier!
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