Is it worth using a buyer’s agent?
Looking to buy a property and wondering if it’s worth it to use a buyer’s agent? It’s a fair question but with all the benefits they offer, the real question is, are you willing to risk not using a buyer’s agent?
To help reassure you, let’s explore some of the reasons why using a buyer’s agent is well worth the investment.
What is a buyer’s agent?
A buyer’s agent helps to find, vet and evaluate a property on behalf of real estate buyers. So, if you’re someone who’s looking to purchase property, whether a home or land on which to build a home, buyer’s agents advocate for you to help you get the best deals on the best properties.
While often confused with real estate agents, the main difference is that buyer’s agents are legally bound to the buyers whereas real estate agents can advocate for both buyers and sellers. In other words, buyer’s agents are essentially a type of real estate agent whom buyers can hire to help them make intelligent real estate purchasing decisions.
In short, buyer’s agents help people buy a property through expert negotiation tactics, knowledgeable advice on the state of the market, and countless connections with other professionals who can help the process of buying property run smoothly.
Benefits of Using a Buyer’s Agent
Now that you know what a buyer’s agent is and what they do, now it’s time to understand the benefits of using a buyer’s agent. After all, the only way to tell when it’s worth using a buyer’s agent is to understand how they benefit you, the buyer.
First, buyer’s agents save you time. And we all know that time is money.
When you use a buyer’s agent, you’ll save time searching for a property since the buyer’s agent does most of that work for you. No more spending hours on real estate websites, looking through countless photos of kitchens and bathrooms. Buyer’s agents know where to look and take all that searching off your plate.
They also save you time by bringing you to only the inspections that are likely to meet your needs. No more wasted Saturdays seeing properties that you’d never consider anyway.
Keep in mind that buying property almost always takes longer than you expect. Even with a buyer’s agent, time can still get away from you. But, it’s guaranteed that working with a buyer’s agent means you’ll be saving as much time as possible.
Access to Their Network
Buyer’s agents are deeply connected to the real estate industry and you’ll have access to their extended network when you work with a buyer’s agent to buy your property.
Remember, the process doesn’t end when you sign the contract. Owning property requires constant upkeep and you’ll be grateful to have contact information for the best mortgage lenders, contractors, plumbers and electricians from your buyer’s agent’s network to help you go from one stage of homeownership to the next.
Plus, connecting with your buyer’s agent’s network, again, saves time and you’ll likely save money as well.
Buying a home is essentially one big negotiation and buyer’s agents are experts. When you work with a qualified buyer’s agent, they do all the heavy lifting when it comes to negotiating with sellers. That means you’ll have less stress and less riding against you.
In fact, the buyer’s agents at Wealth 360° are known to help their clients make money on a property purchase with the help of their negotiation expertise. If that’s not an undeniable benefit of using a buyer’s agent, we don’t know what is.
Peace of Mind
Last but not least, using a buyer’s agent offers peace of mind. Let’s face it… buying a property is stressful. It’s not uncommon for people to experience sleepless nights worrying about whether they made the right decision or put in an offer that’s competitive enough.
Using a buyer’s agent means you’ll get peace of mind knowing that you have an expert on your side who knows what they’re doing every step of the way.
Is it worth using a buyers agent?
At the end of the day, only you can decide whether using a buyer’s agent is worth it. However, by saving you time (and money), offering a wider network, sharing their expert negotiation skills and giving you much-needed peace of mind during the home-buying process, most would agree that using a buyer’s agent is definitely worth it.
Want to learn more about what our buyer’s agents in Sydney can do for you? Contact the Wealth 360° team today!