Whether you plan to buy a new home or purchase a property for investment purposes, new properties are large, crucial purchases. To make the property purchase successful and hassle-free, a property buyer’s agent can be a great help. They ensure that you make the right decisions by bringing in their expertise and levelling the playing field. If you are looking to hire a property buyer’s agent, here are a few things you need to know.
Ask the Real Estate Agent if They Are Licensed
A property buyer’s agent should be a licensed property professional, like selling agents. A buyer’s agent exclusively works for the buyer, while selling agents are obliged to get the best deals for the seller. With the proper licensing, you know you are working with someone serious about the business.
Find Out How Long Have They Been Operating
The next step in finding the best property buyer’s agent is to ask the agent how long have they been operating. Property cycles tend to run from seven to ten years. It can be beneficial to hire an experienced agent who’s been in the industry long enough to experience the market’s ups and downs through a complete cycle.
Ask if They Specialize in Home Buying or Property Investment
The next question to ask a prospective buyer’s agent is if they specialize in home buying or property investment. According to real estate industry experts, it’s crucial to make sure that the buyer’s agent has a proven track record in purchasing properties as an investment.
But if you’re purchasing your next home, make sure the buyer’s agent fully understands your requirements. You may have specific needs regarding location, home requirements, and your financial status.
Ask if They Can Help With Buying Properties Interstate
A property buyer’s agent can also be licensed in one Australian state but not another. However, they could still act for buyers of property interstate. You should make sure that the buyer’s agent has the relevant qualifications and experience to purchase properties in the areas you want.
While a property buyer’s agent can be exceptionally valuable, the level of service they provide may dramatically vary. Make sure you look into any potential candidates to get someone that can help you achieve your goals. Having a buyer’s agent secure a good deal on the purchase price may come down to how flexible the price is or how skilful the agent is at negotiating the deal.
To avoid getting caught up with a substandard buyer’s agent, consider the following tips and tricks mentioned above. You’ll soon find your dream home or property investment at the right price and in the right location!