You might think that hiring a buyer’s agent will cost you more, but in reality, buyer’s agents offer many ways where you can save up on costs and fees. Aside from money, buyer’s agents can also save you a lot of time, effort, and stress through handling the buying process.
So, is hiring an experienced buyer’s agent worth it? Read more to find out.
An Experienced Buyer’s Agent is a Buyer’s Advocate
If you think that a real estate agent is on the buyer’s side, you are wrong. A real estate agent is hired by the homeowner to sell their property. They are legally and morally committed to work in the seller’s best interests. They will try to get conditions that are most profitable for the seller and not for the buyer.
Meanwhile, a buyer’s agent is a buyer’s advocate. They will do everything for the best interest of the buyer both in checking the quality of the property and in negotiating the lowest price with special conditions that best suit the buyer. They act as a third party in the final decision and help take away the emotion associated with making the final decision, which can often save making big mistakes or losing your negotiating advantage.
An Experienced Buyer’s Agent Can Lessen Your Time In Looking For The Perfect House
Some buyers take years in looking for a house. Although this is a normal scenario, most people wouldn’t want to spend most of their precious time looking at different houses that eventually don’t meet their requirements. In finding the perfect home, you need to consider a lot of things.
When you have a buyer’s agent, they can do the initial leg work for you. They will find different properties that fit your criteria. Afterward, they will shortlist options based on what they think are the best opportunities for you based on the detailed brief that they have complied after spending quality time in discussion with you at the time you engage their services. This will save you a lot of time and effort that you would need to spend if you were looking for properties by yourself. Your buyer’s agent will do that for you. Moreover, they have more knowledge and will surely be able to find the best properties.
An Experienced Buyer’s agent is knowledgeable especially when it comes to negotiations
With years of vast experience, the right buyer’s agents are sharp negotiators. Aside from providing you with the best property options, they can also provide you with the best deals. They will help you make the right offer that will lead you to finally getting the property at the best buying price.
They can often save you tens of thousands of dollars in the final negotiations for the property you are buying.
What Can I Save by Hiring an Experienced Buyer’s Agent?
The buyer’s agents service fee, to you the buyer, is more than covered by:
- the time and stress you are saved in the searching and checking the properties for due diligence with all the authorities
- negotiating the best possible price
- including the necessary special conditions in the contract to protect you
- arranging building inspections to be done by experienced licensed builders
- helping where necessary in your search for finance at the best rates
- plus a host of behind the scene checking and searching and communicating regularly with you throughout the whole process.
So, is a buyer’s agent worth it? An experienced buyer’s agent or advocate can really offer you good value for their services.
The objective of a buyer’s advocate will always be for the benefit of the buyer. It is good to have a real estate expert that is on your side. They will help you become rational about your decisions. They are knowledgeable, they have access to off-market listings, and they are sharp negotiators. With all these values brought by buyer’s agents, hiring one is definitely worth it. They will save you money, time, and most importantly – relieve you from stress.
Reach out to Buying Perth Real Estate to know more about the benefits of hiring a buyer’s agent.