Why Use a Buyer’s Agent?

Buyer's agent with phone and tablet

So you’re planning to make your first big property purchase. Or maybe you’ve already bought property in the past and are looking to add to your portfolio. We all know how difficult buying property can be. 

From finding and inspecting properties to attending auctions and negotiating the sale price, it’s easy to invest countless hours of your time and money, while not always achieving the best outcome.

That’s where a buyer’s agent can step in. 

Buyer’s agents (also referred to as buyer’s advocates) are licensed professionals that can research, assess and negotiate property on your behalf. They offer a large range of services and can help you whether you’re purchasing a residential home, investment property or commercial premise. 

So why should you consider using a buyer’s agent when purchasing your next property? 

Your best interests are represented 

We’re so used to dealing with real estate agents who act upon the best interests of their clients (the property seller) that we often forget about who’s looking out for us. A buyer’s agent will act solely on your behalf to represent your best interests through your property journey. A buyer’s agent receives no monetary incentives from third parties like real estate agents or property sellers when assisting their clients. 

A buyer’s agents will work closely with you to understand your goals and help secure you the best possible deal. 

Flexibility when you need it 

Say you have the time on your hands to search and view properties, yet are not confident when it comes to auctions and negotiation. Engaging a buyer’s agent gives you the flexibility to either leverage them at every step of the buying journey, or only when you need their assistance. Soon enough you’ll see how easy they make every part of the process when it comes to buying property. 

Potential savings on your next purchase

Unless you’re following the market on a regular basis, it’s hard to know what equates to a good purchase price on a property. Are you getting value for money when you purchase property? It’s a buyer’s agents job to know the market inside and out and this knowledge and expertise is indispensable when it comes to securing you your dream property. You’ll be a lot less likely to overpay at that next auction when you have a buyer’s agent by your side. 

Take back your free time

There’s nothing worse than spending all your free time looking at properties that just don’t cut it. Based on your requirements, a buyer’s agent can take on tasks that you’ve been sinking countless hours of your time into. At the end of the day, time is money and you’ll see how much more efficiently property buying can be. 

Save yourself the headache 

Buying property can be extremely challenging. From aggressive agents to demoralising auctions, it can be a real rollercoaster of emotions that often results in sleepless nights. Let a buyer’s agent take the stress out of buying property. It’s their job to ensure that every step of the process is as easy and seamless as possible. 

Access to off market opportunities 

One of the big advantages of using a buyer’s agents is access to properties that you would not otherwise see advertised. Through valuable local relationships, buyer’s agents are able to potentially give you access to properties before they even hit the market. Your next dream property might be one that never actually hits the market. 

Find a buyer’s agent  

Whether it’s location or the type of property you’re looking to buy, our Agent Directory will help you find the right buyer’s agent to meet your requirements.

What is a Buyer’s Agent?

A buyer's agent their client having a seated conversation

It can be incredibly daunting knowing where to start when buying a new home or investment property and that’s where a buyer’s agent can step in and help you achieve success.

Buyer’s agents (also known as buyer’s advocates) are licensed professionals that act on behalf of a buyer to search, evaluate and negotiate property. Unlike a real estate agent, buyer’s agents represent the interests of the buyer and will use their expertise to achieve the best possible outcomes when purchasing residential and commercial real estate. Often resulting in a huge saving of time and money for the property buyer. 

Buyer’s agents can be incredibly flexible based on the needs of their clients and can provide everything from a full service offering (which includes management of the entire process) to assistance with specific parts of the property buying process. This might include the buyer’s agent helping with auction bidding or negotiation only,

Where to start with a Buyer’s Agent? 

As a first step, a buyer’s agent will work closely with you to understand and develop a list of requirements regarding your future home or investment property. This is an important step as it’s about creating differentiation between your needs and wants as a buyer and helps them to focus on securing the right property for you. 

What can a Buyer’s Agent help with? 

Once a buyer’s agent is clear on your requirements, they can help with any or all of the following: 

  • Researching on and off market listings that meet your criteria. Yes, it’s true. Many buyer’s agents have strong relationships with local real estate agents that can give them access to properties before they even hit the market.
  • Inspecting and short-listing properties. Time is money and who wants to spend all their precious hours in a day looking at properties. Let your buyer’s agent do the hard work and come up with a list of dream properties tailored to your needs. 
  • Assessing recent market data and obtaining appraisals. Your buyer’s agent will use their expert market knowledge and industry contacts  to help ensure you’re getting a great deal. 
  • Managing necessary due diligence such as engineering reports, building inspections and more. Your buyer’s agent will be familiar with everything you need to ensure your interests are protected 
  • Auction bidding. An experienced buyer’s agent will ensure you go into a property auction with the best possible strategy, priming yourself for success. 
  • Negotiating the purchase price of your property and the terms of sale. It’s often at this stage that things can get a little tricky. With their wealth of knowledge, a buyer’s agent will ensure you’re getting the best possible deal when it comes to your purchase contract. 
  • Assisting with the drafting and exchange of contracts. 
  • Inspections prior to settlement 
  • Settlement 
  • Asset management, property management and the leasing of your property 
  • Tenant advocacy to help people find properties to rent. 

Something missing? Just get in touch with a buyer’s agent today to find out more about what they can help with. A buyer’s agent is all about representing your interests and will strive to go above and beyond to help you achieve the best possible outcome. 

Why use a Buyer’s Agent? 

  • They represent your best interests. A buyer’s agent does not receive any incentives from a property seller or real estate agent, and is only acting in your best interests. 
  • Save money. A buyer’s agents expertise and market knowledge will help to ensure you get a great deal when making your purchase. Often saving you money in the process. 
  • Save time. Let your buyer’s agent spend their time assessing properties so you can take back your weekends. 
  • Reduce stress. Buying property isn’t easy. It can be frustrating, demoralising and downright depressing. A buyer’s agent can take the drama out of buying property and make it as seamless as possible. 
  • Broaden your options. Buyer’s agents will often have access to ‘off market sales’ giving you even more options to choose from when searching for your dream property. 

Finding a Buyer’s Agent? 

Use our handy Agent Directory to find the right buyer’s agent for you. You can search for a buyer’s agent located in your local area and for one that specialises in the type of property that you’re looking to buy. Whether you’re looking for your forever home, an investment property or a new commercial opportunity, a buyer’s agent will have you covered. 

Becoming a Buyer’s Agent 

Tired of the daily grind? Want to design the life you’ve always wanted? Consider becoming a buyer’s agent today. Building a career as a successful buyer’s agent is open to anyone willing to take the right steps. 

The Buyer’s Agent Institute offers cutting edge systems, training and support to give graduates the opportunity of a lifetime. What are you waiting for, watch our free training to learn more.