YourAustralianProperty prefer to hire an expert real estate buyer’s agent to assist them with the process. While homebuyers are not required to have a buyers’ agent, doing so makes the transaction much smoother and ensures that your best interests are protected.
Local Property Knowledge
The local market knowledge that buyers’ agents provide is invaluable. Having an insider’s perspective of the area helps to avoid overpaying, identifying property problems and uncovering opportunities. A buyer’s agent will keep abreast of recent comparable sales, new construction, and local demographic trends. They will also know how long properties stay on the market, giving them insight into current market dynamics.
Private Off-Market Properties
It’s common practice for agents to reach out to known and trusted buyers when new properties come to the market, often before they are publicly listed. This advantage gives buyers a leg up when competing for properties in fast-moving markets.
Full Service
A good buyer’s agent will preview properties, shortlist the most suitable and accompany clients to all viewings. They can also help connect with other technical tradespeople such as lawyers and surveyors. For high-end clientele, a buyer’s agent may offer chauffeur and helicopter viewing services.
Do-it-yourself homebuyers who choose to skip realtor representation should carefully consider the risks. Without an experienced guide, they risk overpaying, overlooking major flaws, non-binding contracts, and having limited support during a stressful transaction. For many, the rewards of hiring a professional far outweigh the cost.