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There are many reasons why you should buy a home or property. Some of them are the feeling of a proud homeowner, smartly spending on an appreciating investment, mortgage interest and property tax deductions, capital gains exclusions, preferential tax treatment and equity.

Because of those reasons, it’s crucial that you only buy the right property for you. And to make that possible, you need to get the help of a property buyer’s advocate.

Many consider these advocates as a property buyer’s secret weapon. Their main job is to guide property buyers Sydney who wish to get the most out of their money. They often work in opposition to real estate agents, who primarily care about the sellers and search property buyers for them.

If that isn’t enough reason to hire one, continue reading to know the other reasons why you need to hire a property buyer agent.

  1. Provides you with the real estate knowledge you may lack

You may already know too well that real estate can be a complicated topic. And if you’re a buyer who doesn’t know much, you’ll automatically be at a disadvantage and you might even become prone to malicious individuals who may scam you out of your hard-earned money.

A property buyer agent can supplement you with the necessary information and knowledge. In addition, it includes information on what property buyers need to know about making a pre-auction offer. They allow you to be on even ground with sellers and protect you from con artists.

  1. Lets you gain access to unlisted properties

Buyer’s agents have an intelligence network you should exploit. This network allows them to be aware of potential sellers who may be planning to sell their properties later. In addition, they are privy to information about private individuals selling their homes but don’t want to deal with the trouble of listing them on the market.

With a buyer’s agent, you can access their property checklist for buyers and expand your buying options.

  1. Tips you off with important market trends

Currently, this year has been good for Australia’s housing market. In June, the housing market activity in the country reached the highest mark, which has been mediocre for more than a decade. This means that the market favours first home buyers – even seasoned foreign property buyers Australia – and according to experts, it will improve three more times before the year ends.

However, given these positive trends, you still need to get a property buyer’s agency to help you take advantage of sudden spikes in the market. In the same way, they can help you optimise the money you have set for your property.

  1. Helps you with the negotiation phase

Once you find the existing property you like, you’ll undergo negotiation before you go ahead with the next step, which is contract signing. It’s always recommended that you get the help of a property buyer’s agent at this stage, as you’ll often deal with a real estate agent instead of the actual seller.

Remember, real estate agents are good with negotiation and give the advantage to the seller without you knowing it. They can stir your emotions and make you think you have the upper hand in the negotiation. Moreover, a buyer’s agency can shield you from those tactics and keep your emotions in check. Aside from that, you can also let them represent you during the negotiation if you don’t have time to deal with it or are not confident enough to go through it.

  1. Assists you in dealing with real estate contracts

A contract for the sale of real estate – referred to as a real estate contract in other countries – is a key document you must sign when buying or selling real estate property in Australia. To prepare this, a seller needs a qualified solicitor or licensed conveyancer. Typically, it’s drafted before a property’s listed on the market.

While it’s not your responsibility to draft the contract, you should be keen on reviewing the content before signing them. A buyer’s agency can help you deal with those contracts, preventing you from signing on to a bad deal.

Conclusion

Those are the top reasons you and other Australian property buyers need a buyer’s agency when buying a real estate property. They will guide you through all the process, allow you to expand your buying options and protect you from a bad deal. You can get the most out of your buck during a real estate transaction for a relatively small price.

References:

  1. Weintraub, Elizabeth, “8 Reasons to Buy a Home,” The Balance. The Balance, November 10, 2021. https://www.thebalance.com/eight-reasons-to-buy-a-home-1798233
  2. Chapman, Alex, “Is the Housing Market Finally Shifting? Promising Signs Not Seen for a Decade,” 7NEWS, July 16, 2022. https://7news.com.au/business/housing-market/housing-market-activity-in-june-highest-mark-for-month-in-more-than-a-decade-research-finds-c-7507263
  3. [email protected], “AICSA: About the Contract Sale of Land,” Australian Institute of Conveyancers, June 17, 2022. https://aicsa.com.au/contract-of-sale/