How can a Buyer's Agent help you?
Buying real estate should be a fun and exciting process – but it can also be pretty daunting.
Most people buy and sell real estate only a few times in their lives and these are usually the biggest transactions of their lives, so it’s important to get it right.
Extensive research of the market you are targeting is the best way to help yourself make a good purchasing decision.
Don’t forget that when buying a new home or investment property, you’re not just buying a place to live, you’re potentially buying your biggest capital asset.
A good decision is critical.
With so many data providers out there these days, it’s easy to get bogged down in the ‘analysis paralysis’.
The trick is finding a happy medium where you have confidence in the area you are buying in based on solid research; but you’re also motivated to go ahead and buy within a reasonable time frame.
If you get bogged down, it’s easy for months to go by with many opportunities missed.
If you don’t want to take on the research task yourself, then engaging Monopoly Wealth could be the answer for you.
Buyer’s Agents solely represent buyers and do not sell real estate themselves.
They are licensed agents who help buyers find and buy property.
If you’re investing, they’ll be able to recommend locations; and if you already know the area you want to buy in, they’ll pretty much do everything for you including sourcing appropriate properties (they often find out about new listings before they go on the market) and also negotiate the deal on your behalf.
One of the best aspects of using a buyers’ agent is their ability to evaluate a property’s pros and cons objectively.
They’re not emotional about the purchase like you are and they’re not likely to make some of the compromises that you might make when your heart is involved.
If you’re looking to buy in another state for investment or due to a work transfer, a buyers’ agent can be invaluable because of their local knowledge and their ability to save you so much time because they’re already there on the ground working for you.
If you’re looking for a buyer’s agent, the first step is to ask around.
You might be surprised how many friends and colleagues have used one.
A recommendation from someone you trust is always a great start.
If they haven’t purchased in the suburb you want, do they have the skills to do the proper research for you but the ideal scenario is working with someone who really knows the area.
Data-based research such as comparable sales and demographics information can tell you a lot about a suburb but it takes experience to know which streets to avoid and which side of the suburb is more desirable.
It’s also worth asking them about their negotiating strategies, as this is the most important skill you are paying them for.
Once the deal is done, your buyers’ agent will be there with you right through to settlement.
It’s a pretty good feeling to have a professional advocate by your side in the buying process – it will give you confidence and you’ll most likely own your next property much sooner.
If you’re looking at buying your next home or investment property here’s 4 way’s we can help you:
Why not get independent advice from our buyer’s agent and qualified property investment adviser at Monopoly Wealth to help you level the playing field?
- Property Portfolio Plan – Allow us to build a Property Portfolio Plan for you and your family to generate passive income. Click here to learn more about how we can help you.
- Buyer’s Agency – We’ll help you find your next home or an investment grade property without mistakes and avoid paying too much. Click here to learn more about how we can help you.
- Property Research – We can conduct research and provide you with tailored advice to avoid costly mistakes. Click here to learn more about we can help you.
- Mortgage Broking – We can recommend you to our investment savvy mortgage brokers. Click here to learn more about how we can help you.
