A buyer’s agent is a licensed professional who helps facilitate the purchase of a property on behalf of the buyer. They assist with searching, evaluating and negotiating the price of the buyer’s potential property. It’s important to note that these individuals are not sellers of real estate.
Buyer’s agents often offer two tiers of service – the full search service, and the negotiation/auction bidding only service.
The full search service has the agent sift through the market, shortlisting any properties that meets the client’s criteria. The shortlisted properties are then evaluated and negotiated via a private treaty or auction bid.
The negotiation or auction bidding only service is for clients who wish to search for properties on their own accord, and have the agents deal with only the negotiation and bidding.
Why choose a buyer’s agent?
So are buyers’ agents a cost effective solution? Many people think so. Their fees are generally reasonable in the grand scheme of buying a property – in the long run they will most likely save you money, time and stress.
Once you’ve found the property you are looking for, remember to organise a building inspection with Houspect to ensure what you are buying is safe and sound and free of significant defects