Owning a house is one of the primary goals in an individual’s life. Many people don’t prefer living in a rented apartment for their entire life, especially when the renting cost is so high. With proper planning and the right saving method, how can one fulfill their dream of buying a house? Is the process of buying a house that easy?
If you have never dealt in any type of real estate deal, keep in mind that buying a home can prove challenging even for the most seasoned home buyers. One has to deal with many challenges to buy a house successfully. One should always take help from a buyer’s agent to simplify this process.
Real estate salespeople who work for a specific broker are real estate agents. However, buyer’s agents help you find the right property and represent the purchase interest of the prospective owner in a real estate transaction.
Besides acting as a negotiator for potential buyers, an ideal buyer’s agent can also help you find listings. All this makes working with a buyer’s agent a desirable option, however, finding the right buyer’s agent is difficult!
This blog post will discuss all you need to know about hiring a buyer’s real estate agent in the most seamless manner possible.
Why hire a investment buyer’s agent?
Immediate access to listings
One of the best things about working with an Australian buyers agency is all the professional buyer’s agents have a strong grasp on the inventory of your area. Therefore, the number of listings will always surpass what you see online.
So, you won’t have to worry about the issues related to vetting listings since the buyer’s agents usually have access to a wide pool of listing the minute they hit the market, and that’s why working with a buyer’s agent makes the real estate journey seamless.
Help you determine a fair market value.
The fair market value is another perk you can enjoy while working with an Australian buyers agency. An agent will always help you determine a fair market value for the home. They will give their expert input based on the current market conditions.
The buyer’s agent is well-versed in negotiation as well, and that’s why after the initial offer, they will even negotiate the price with the seller on your behalf and help you get a good agreement.
They recommended trusted lenders, real estate attorneys, and home inspectors.
There are many parties involved in the home buying process. However, finding each of these professionals on your own can be an arduous task. Luckily, a buyer’s agent can recommend all the needed professionals.
Most experienced buyer’s agents have a vast network, and therefore, they can always recommend real estate attorneys, home inspectors, and escrow officers they trust. And if your agent has a strong relationship with these professionals, they can even work as a team to make your home buying process a breeze.
They have invaluable experience.
You will thrive on the invaluable experience of the buyer’s journey working in an Australian buyers agency. This might be your first home buying experience, but the agents deal with such purchases and sell daily; therefore, they know what can make things spiral out of control and what needs to be done to keep everything in check.
From searching for the best property to closing the deal, the experience of the buyer’s agent will be used at every stage of the process. You can be sure that everything is being done in your interest!
Help you with paperwork.
Many documents and paperwork are involved in the home buying process, from the closing document to contingencies to office paperwork. It doesn’t matter how many articles you have read, or you can never deal with all this paperwork on your own.
A buyer’s agent will always help you with all the paperwork as they will glean the documents, discuss your rights and obligations, make sure nothing is missing and make you sign whatever is required in the process.
How to hire a buyer’s agent?
Ask family and friends for references.
To begin on the right foot, you should always start the process of finding the best buyer’s agent by asking your family and friends rather than directly jumping on the digital platform and using Google. You can always find a buyer’s agent you can trust by using the social circle.
If any of your friends or family members have recently purchased a home, you should contact them and ask for recommendations. Instead of trusting the best buyers’ agent in Australia blindly, you should cross-check the name of the agents with online reviews. It will give you a comprehensive idea of the agent’s experience, skills, and working style.
Compare multiple buyer agents.
Never make the mistake of directly choosing a buyer’s agent without scouring the market. You must make sure to compare at least three buyer’s agents as this will give you an idea of what it would be like to work together.
Some of the important questions that you can from your buyer’s agent are;
- How many clients have you worked with, especially in this area, in the last two years?
- Are you a full-time buyer’s agent?
- What is your office hour, and what’s the minimal response time?
- Do you have authentic credentials like Certified Buyer Representative or Accredited Buyer Representative?
Check their testimonials and hyperlocal expertise.
Never forget to go through the testimonials of the potential buyer’s agent, as this will also help you find the best buyer’s agent in Australia. Ensure that the testimonials are genuine, and to go a level up in analyzing the agent, you can even contact the people who have given the testimonials.
That will give you a clear idea about which type of approach the buyer’s agent uses. You won’t regret the buyer’s advocate in South Australia you have chosen. You should also go through the hyperlocal expertise of the buyer’s agent for better results.
How much does hiring a Investment buyer’s agent cost?
In most cases, the total commission that an agent receives from any deal is usually 6% of the price of the home, and the same amount is divided between both the seller’s agent and the buyer’s agent.
Whenever a seller decides to list their home with an agent, the commission charged by the agent is fixed. While on the other side, the buyer’s agent is paid a portion of the entire commission based on the terms mentioned in the listing agreement. But in many cases, the buyer pays the agents their commission fee.
In most cases, it is the seller’s responsibility to ensure that buyer’s agent commission has been paid from the net proceeds of the sales. Therefore, the buyer doesn’t have any obligation in this regard.
For example, if a house has been sold at $300,000, then $18,000(6% of the purchase amount) will be paid to the seller’s agent in a commission, and then the seller’s agent will give $9000 to the buyer’s agent.
But if the seller is not ready to pay the amount he has agreed to pay to your agent, you as a buyer will have to pay to your agent. You should also not forget to check the buyer’s agency agreement even before hiring buyers advocate south Australia.
There are many situations where the market conditions or certain types of negotiations can make the buyer pay their agent’s commission for increasing their strength. So, go through the payment details before making the final decision.
How will we help you in investing in the right property?
Buyers Agency Australia makes your real estate investment seamless! We help our clients to make the most of their deals. Right from the listing to closing the deal, we can help you at every stage of the process, and therefore, we can act as a one-stop shop for all your real estate investment needs.
We have more than two decades of experience in the real estate realm. Therefore we know the market better than anyone else. You are just a call away from making the arduous task of real-estate investment a breeze and the most profitable decision of your life.