Buyers agents can benefit all
Consumer tips provided by REIQ
BUYERS’ agents are becoming more popular in Queensland as buyers recognise the many benefits that an advocate can bring to the purchasing process.
The purchase of a property is one of the biggest investments of a lifetime and the difference between a great purchase decision and a not-so-great one could be thousands of dollars and the wrong property! A buyer’s agent can help ensure that you are on the right side of that equation.
Find the right location
Selecting the right location is crucial, whether you’re buying an investment property or a home to live in and it requires time and effort to research. While buying for capital growth is speculative, (nobody can guarantee that you will see growth in an area), there are certainly indicators that help identify where it is most likely to occur. Likewise, if, instead of capital growth, you’re aiming for solid cash flow and high yields, then there are suburbs where you are more likely to meet your cash flow goals.
Buyers’ agents usually work with an established network of selling agents and so have access to properties that may not have yet come to the open market. This is highly advantageous as it gives you first bite at the cherry, with much less competition for the property.
Buyers’ agents can also save you time by attending building and pest inspections on your behalf. The logistics can be tricky with work, family and other commitments. Attend any busy open home on a Saturday and you’re bound to see a number of people who have quite clearly had enough of spending their little bit of free time looking at houses!
Market knowledge and negotiation
One of the hardest things about buying a property is knowing how much to pay. A buyer’s agent knows the market intimately and understands the prevailing market conditions.
Negotiation is an area of buying property that can be intimidating or uncomfortable for buyers. Where the selling agent is negotiating directly with a buyer it can be difficult for buyers to participate with confidence.
To find an REIQ accredited buyer’s agent in your area, visit: REIQ.com/findanagent.
The purchase of a property is one of the biggest investments of a lifetime and the difference between a great purchase decision and a not-so-great one could be thousands of dollars and the wrong property.