Why Using The Services Of A Buyers Agent Is A Good Option

Why Should You Use a Buyers Agent?

Purchasing a home is one of the most important decisions you will make in your life. Owning a house is more than just choosing the right home for you and your family; it is also about making the best long-term financial investment. Likewise, investment and commercial property decisions are rarely made lightly.

Employing the services of a reputable buyer’s agent has the same principal as finding a great hairdresser – if you added up the cost of a hairdresser for years to have your hair done, a Buyers Agent cost will be much less – a professional who has the necessary skills to complete the task most effectively.

A buyer’s agent in your corner means that there will have been numerous things looked into for you before you put down your initial deposit, such as searching for the right property and initiating the due diligence process if and where needed.

There are several reasons why you should hire a buyer’s agent before you begin the buying process. The following are some of the most important reasons to engage an agent:

Reasons Why Using The Services Of A Buyers Agent Is A Good Idea

1. To Avoid Any Closing Problems

When a sale is nearing completion, various stumbling blocks might derail the transaction in the final hours. A real estate agent understands how to see potential problems before it’s too late.

For instance, the house’s ownership may be unclear; a long-lost relative may be named on the title but hasn’t signed off on the sale. At times the lender can cause an issue by failing to satisfy the loan deadline.

When you’re nearing the end of the process, you want to make sure there aren’t any unforeseen title difficulties, that the financing has been approved, and that all of the parties involved remain on task and schedule. Buyer’s agents are accustomed to dealing with such situations and can work practically through any difficulty.

 

2. Buyers Agents Have Better Market Knowledge

No one knows the current situation of the real estate market better than agents. This is one of the key reasons and benefits of employing a real estate broker if you’re a property entrepreneur.

Top agents are knowledgeable about all areas of the property market, including how various factors such as mortgage interest rates and the jobless rate may impact it. They also have in-depth knowledge of buyer and seller markets on a street-by-street and even house-by-house basis.

They have real estate statistics such as median and average sales prices, list-to-sold price ratios, and average price per square foot of comparable homes. They can also find similar real estate and provide you with this information to make an informed selection immediately. And let’s not forget about exclusivity! We’ve all heard the stories about property being snatched up before it hits the market – an agent can give you this inside edge.

3. Buyers Agents Can Help Evaluate and Secure Better Financing

Real estate finance may be a highly perplexing and complex business. When you employ a buyer’s agent who can help you purchase a property, you can anticipate assistance in analysing and arranging the best financing for your specific situation.

A buyer’s agent can assist you in navigating the many financing alternatives and determining which form of mortgage is best for you. In addition to helping you understand your choices, a buyer’s agent will be able to assist you in obtaining financing through a mortgage broker if required when the BIG4 Banks are slow and difficult to work with.

 

4. Access to Professional Networks

Real estate agents are networking experts. They know practically everyone involved in the buying and selling process. Many will have a list of favourite suppliers with whom they have already worked and trust. Buyers must also engage with specialists, including inspectors, valuers, real estate lawyers, and mortgage lenders. Rather than finding these people and contacting them on your own, you may use your buyer’s agent’s network.

This is especially useful for a first-time real estate investor since it will allow you to begin creating your network of specialists you can trust and depend on for rising property investment projects.

 

5. Agents Can Coordinate Showings

Coordination of showings for purchasers is one of the most underestimated duties that a buyer’s agent conducts daily. Coordination of showings can be difficult and perplexing.

An excellent incentive to engage a buyer’s agent when purchasing a home is to be in charge of scheduling viewings of potential properties. Depending on the buyer’s property search, a buyer’s agent may manage many showings in several different places at various times.

A buyer’s agent is responsible for ensuring that you get the chance to visit possible homes on your time, determining the best route for showings, and ensuring they present you with all relevant information about the homes.

 

6. They Can Help You Identify Potential Problems

When selling a home, owners must make sure that the property is in excellent shape. This helps to attract more buyers and maybe sell the house faster and for a better price. Buyers, of course, want a property that’s in good shape so they don’t have to spend money after the initial purchase. However, specific issues may not occur to you or may be hidden from view, which might have critical consequences.

This is just another reason why you want the services of a buyer’s agent – they have a trained eye for finding potential problems including roofing concerns, leaks, mould and bug infestations. Your agent will also have a home inspector offer a full report on the property.

Remember that one of your agent’s obligations is to safeguard your interests, so this information will help you save thousands of dollars in the long run. A Buyer’s Agent is on YOUR side.

 

Should You Still Use the Services of a Buyer Agent?

An agent is your ally and agents generally rely on recommendations to expand their business which tells you that they will go to great lengths to ensure you are pleased and satisfied with their service so that you may suggest them to your friends and family.

Furthermore, the agent you employ will be there for you in the long haul, whether you need to sell or buy another home. This is an additional benefit and another incentive to engage a local reputable buyer’s agent.

With all of this in mind, I invite you to contact me today to speak about what it is you are looking for! Phone +61(0)414 247 301 or email [email protected]. You can also find out more about me and my services at www.judithfedak.com.au

Judith Fedak

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^References

• ^{Eman Hamed, 18 June 2020, Mashvisor, 30 October 2021 <www.mashvisor.com/blog/benefits-of-hiring-a-real-estate-agent>}
• ^{Michael Yardney, 2 February 2021, Michael Yardneys Proparty Update, 30 October 2021 <www.propertyupdate.com.au/the-homebuyers-secret-weapon-having-an-agent-on-your-side>}
• ^{Kyle Hiscock, Rochester Real Estate Blog, 30 October 2021 <www.rochesterrealestateblog.com/top-10-reasons-hire-a-buyers-agent-buying-house>}
• ^{AMO Home Loans, Australian Mortgage Options, 30 October 2021 <www.amo.com.au/blogs/155-top-5-reasons-to-use-a-buyer-s-agent.html>}
• ^{Rebecca Fairley Raney, How Stuff Works, 30 October 2021 <www.home.howstuffworks.com/real-estate/buying-home/10-benefits-of-using-a-real-estate-agent.htm>}
• ^{Bill Gassett, 3 December 2019, Ros Media’s House Call, 30 October 2021 <www.blog.rismedia.com/2019/top-reasons-hire-buyers-agent>}