Brisbane is the capital of Queensland, Australia. Because Brisbane has beautiful beaches, stunning rainforests, a friendly neighbourhood, and rich and diverse culture, it is no wonder people want to move and settle in this area. However, just like any big decision in life, it might be challenging to hunt for the perfect house in the perfect place.
When it comes to purchasing a property, you will realise sooner or later how it is a jungle out there. If you are house-hunting in Brisbane, you might want to get yourself a buyer’s agent to help you get the best deal possible. Having buyers agents in Brisbane by your side can make all the difference. If you want to know about how such agents could help you with your house-hunting, keep reading.
What is a buyer’s agent?
A buyer’s agent is also known as a buyer’s advocate. Unlike real estate agents who embody the seller of the property, a buyer’s agent has your back. They are licenced professionals who help you search for the best deal, assess the property, and make necessary and practical adjustments towards property purchase on your behalf.
Types of Buyer’s Agent
1. Traditional Buyer’s Agent – This kind of buyer’s agent is a real estate licensee who exclusively represents the buyer. They can assist you in finding properties, negotiating with sellers and their agents, and assisting you with every step of the purchasing process.
2. Exclusive Buyer’s Agent – Similar to a regular buyer’s agent, an exclusive buyer’s agent only represents purchasers; they do not accept listings or represent sellers. This indicates that they are solely committed to helping you find the ideal property and advocating for your interests at every stage of the purchasing process.
3. Transactional Buyer’s Agent – In order to handle particular steps in the purchasing process, such as contract negotiation, due diligence, or closing, a transactional buyer’s agent is often recruited on a temporary basis. They might not participate in the hunt for a home or continue to offer assistance after that.
4. Dual Agent – An authorized real estate agent who acts as both the buyer’s and the seller’s agent in a transaction is known as a dual agent. Although this might be a practical choice, it’s important to remember that a dual agent is obligated to both parties in legal and ethical ways and might not be able to fully represent either side’s best interests.
5. Accredited Buyer’s Representative – A real estate agent who has undergone additional training and certification to specialize in representing purchasers is known as an accredited buyer’s representative. They may offer insightful opinions and direction throughout the transaction due to their extensive knowledge and experience in the purchasing process.
Why do you need to get one?
There are many compelling reasons to get yourself a buyer’s agent. Among the many benefits having a buyer’s agent can offer you, below are some of the most common reasons you should opt for their help.
They can help you find properties
Whether you know what property you want or not yet, a buyer’s agent can help you find potential properties you can choose from so you can decide on what passes your standards and fits your budget.
Your trusted agent can also fill you in regarding the pros and cons of different properties and neighbourhoods in Brisbane so that you can decide based on a well-informed knowledge about the property.
They can help you assess potential properties
Assuming that you have found several potential properties in Brisbane, you could narrow down your choices by having your trusted buyer’s agent help you pick the right type of property in specific locations with excellent prospects for capital growth.
Because these experienced professionals understand how the market works, they can save you a significant amount of time, money, effort, and stress as they help you reduce your chances of making a bad investment decision.
They can help you negotiate for the property’s worth
Among all the benefits a buyer’s agent can offer, having someone who can professionally negotiate for you is probably one of the most prominent reasons for getting yourself a buyer’s agent.
These professionals will guide you to offer an appropriate price and present it to the seller’s agent. Afterwards, your agent will negotiate for you to save money and avoid unwanted pitfalls such as encountering a fixer-upper that spells trouble.
Problems you might have if you will not get an agent
1. You may miss out on properties that are not publicly listed – Some homes are not advertised on open real estate websites, and only a buyer’s agent with access to the Multiple Listing Service can find them (MLS). You run the risk of missing out on potential properties that would be a good fit for you if you don’t have a buyer’s agent.
2. You may not have access to as much information – Buyer’s agents frequently have access to more data on the available properties than the general public does. When buying a home, they can offer helpful information on market trends, comparable sales, and other elements that might aid in your decision-making.
3. You may not have someone represent your best interests – A buyer’s agent is obligated by law to act only on your side and in your best interests. Without a buyer’s agent, you might not have anybody to represent you in negotiations or offer advice throughout the home-buying process.
4. You may have a harder time negotiating the price – Buyer’s agents are skilled negotiators who may frequently assist you in obtaining a better deal on the home you’re interested in. You can be at a disadvantage when negotiating the price of a house without a buyer’s agent.
Brisbane house purchasing can be a difficult and overwhelming process, but working with a buyer’s agent can make it much simpler and more effective. A buyer’s agent may give you access to off-market properties, exclusive representation, time-saving and effective services, and can help you make the most of your budget. They also have a lot of knowledge and expertise regarding the Brisbane real estate market.
Where can you find a buyer’s agent?
Whether you plan to search it up on the Internet or take a recommendation from a wise person, it would be best to do your research in and out the Internet so you can guarantee authentic and reliable service from a reputable buyer’s agent.
In a nutshell, house-hunting is not a walk in the park. By getting help from a buyer’s agent, you can have one less problem. However, since not all buyers agents in Brisbane offer the same quality of service, following the tips above and doing further research would help you find a trustworthy buyer’s agent. Now that you know the importance of getting yourself a buyer’s agent, you can utilise this knowledge to make your next decision in the quest for your house-hunting.
Author: Alison Lurie