A buyers’ agent works
exclusively for the buyer.
What is a Buyers Agent?
A 2018 ME Bank survey of 1000 property owners revealed:
26% discovered issues with their property after purchase,
23% had some degree of buyer’s remorse,
58% of buyers spend less than 60 minutes in the property before the exchange, and
36% missed picking up issues because they fell in love with the property and overlooked them.
Buying a new home or investment property is likely to be the biggest purchase you’ll make in your lifetime, so it pays to understand how the real estate game works.
If you’re just starting out, you probably haven’t heard of a buyer’s agent. Just like real estate agents who help you sell a property, a buyer’s agent, or a buyer’s advocate, is a licensed professional who works for you and acts on your behalf.
A Buyer’s Agent, a professional House Hunter, will source the property, present you with a shortlist, appraise the value, perform due diligence, negotiate or bid at auction for you, and ensure a smooth settlement.
Buyer’s Agents work exclusively for the buyer, avoiding conflict of interest which is inherent in the traditional seller-oriented transactions. A traditional Real Estate Agent is employed by the vendor to get the highest price possible. A Buyer’s Agent will act as your buffer to ensure that you do not overpay for your dream property through clever marketing tactics, negotiating skills, and emotional pull.
A Buyer’s Agent can bring valuable experience to negotiating the price of one of the most expensive and exhausting experiences of your lifetime. You’ve got someone to bat for you, to do really thorough due diligence and research, to make sure that this is the right purchase for you, at the right price.