You may have noticed that the Brisbane property market is becoming increasingly competitive recently, so is it time for you to consider using a Buyers Agent?
Typical questions that pop up are why would you use a Buyer’s Agent anyway, can’t you just jump on realstate.com.au and find a property that way?
The short answer is yes, you can do that and for some types of properties that may be the best approach. However, people who seek the assistance of a Buyer’s Agent tend to have one or more of the following challenges:
1. Time Poor.
Maybe you have been searching for quite some time now and you’ve become sick of spending all your time online looking at properties. After you spend all week researching, you head out all day on a Saturday to look at properties. Often you find that the photos don’t match reality and you wonder if you are wasting your time and whether the ideal home or investment property actually exists. You’ve spent countless hours now and are at the point where you want your Saturday’s back. Buyer’s Agent can save you countless hours of work as they take over the search process for you.
2. Lack of Options.
You’ve been looking for months now and only a few properties have matched your criteria. For whatever reason you missed out on those ones and now you are just waiting for another suitable option to come up. Around 65% of the properties we purchase for clients are via off market channels. This means that most people are not seeing all of the available options for their brief.
3. Don’t Want to Overpay.
When you find the perfect property you often think negotiating will be easy, however you often find yourself in a competitive situation against other buyers, plus you are negotiating with a sales agent who negotiates for a living. A Buyer’s Agent takes the emotion out of it for you and as they also negotiate for a living, they provide the skills needed to ensure you pay the best possible price.
4. Keep Missing Out.
If you have been in a multiple offer situation before, or bid at an auction you know it’s not fun to be the runner up. After missing out purchasers often engage a Buyer’s Agent to give them an advantage. Because Buyer’s Agents are peers in the industry with selling agents, often the dialogue between the two is more open and frank. This assists buyers to gain valuable knowledge to put them in the best position to secure the property.
5. Market and Product Knowledge.
Buyer’s often find it very challenging to understand why two homes sell for different prices, even though on the surface they seem the same. Being able to correctly understand the value of a property is critical in the purchase process as it ensures you pay the right price and you can be confident in the process. Buyer’s Agent often have been through many homes in your chosen suburbs and understand the difference in locations, build quality, design and layout and the many other factors that affect a properties value. They bring this expertise to you to assist in the purchase process.
With increasing numbers of buyers attending open homes and a lack of available stock the housing market in Brisbane is currently going through a change. Missing out now on your ideal property could result in having to pay a higher price a few months down the track.
If you would like to understand if the service a Buyer’s Agent offers could benefit you, you can reach out here.