When doing business with real-estate, you should get prepared for all the fuss it brings about. Whether you are selling, or buying a property, there is always a lot on your plate. Competition, paperwork, trying to get the best deal… You will definitely need some help. Luckily, it’s 2020, so you won’t have to do any of this alone.
You have probably heard of real-estate agents and they might be the first one you contact when you need assistance in this field. However, have you ever felt that they might not be the best choice and that they are acting in the best interest of the second party involved? Well, then you must be a buyer, and not a seller. And you have noticed that these agents always take the seller’s side.
Fortunately, today, the buyers have someone on their side too. Someone who is there to make sure you get the right property for the right price, while taking your best interests into account, instead of simply finding a place to sell, and sell quickly. These are called property buyers agencies. Read this.
What’s The Big Difference?
You might be thinking: “Hey, a realtor is a realtor. They are here to assist me, comb the market and hunt for whatever it is I need. What’s the big deal?” You are not that far from the truth. However, the one reason people are disappointed after a transaction is failure to take an agent’s specialty into consideration. Let me explain.
There are listing agents and then there are buying agents. It might sound all the same to you, but when that much money is on the line, you want to make sure you know who you are entrusting your business to. It essentially depends on your needs and requirements. So, first, ask yourself – Which side of the fence are you on?
A listing agent is who you should call when selling a property. They provide you with strategic tips and tricks on how to prepare, market and eventually sell your home. After that, they take care of all the necessary paperwork, including agency agreements, listing disclosures and more. Then, they help you get the highest possible price for whatever it is you are selling. In a few words, they work to make the seller happy.
On the other hand, as the name says itself, a buyer’s agency is there to make the buyer happy. They contract with the buyer through an agreement and then represent them in their real-estate search and purchase. This means that you will get an agent who is responsible and legally bound to act in your best interest as a shopper.
Why Go For A Buyer’s Agency?
Now that this trend is increasing in Australia as well, it is safe to say that agencies, such as Oasis Skeen Property and more, are doing a great work in leveling the field and making the buyer just as much in charge as the seller. Sales campaigns are entirely focused on generating the highest possible price for the vendor. So, it’s nice to have someone to be focused on the buyer’s needs for once.
First of all, these agencies are there to provide you with all the facts you need in order to make an informed decision. Their knowledge of the market is so extensive that you are sure to get the best possible purchase price and avoid all the mistakes that people usually commit when dealing with real-estate. Furthermore, their access to off market properties comes as a huge advantage.
In addition to that, the most important task of a good buyer’s agent is to save you from making a wrong purchase. Although the cost of this service might seem a bit high at first, when you take all you can lose and all you can gain into account, you will find that the fees are fairly reasonable. After all, when buying real-estate, you want to think about the long-term benefits.
What To Look For?
Now that we have established these basic differences and learned why it is important to choose the correct realtor depending on what you are trying to accomplish, it’s time to learn how to do that. People are known to rush into decisions and, consequently, make mistakes. But, when something as important as real-estate purchasing is at stake, you really don’t have room for mistakes. So, here is what you should look for when choosing an agency.
Qualifications and Experience
This is something you should never, ever compromise, or hesitate to request information about. Check for credentials and make sure that the realtor is qualified enough to do the work for you. You could ask for relevant licenses, such as the ones issued by the Real Estate Buyers Agents Association of Australia, or Property Investment Professionals of Australia.
Additionally, since you probably already have a specific location in mind, it is a good idea to check if your realtor already has some experience with real-estate purchases in that area. This might be significant because they will be able to provide extensive knowledge about the overall culture of the neighborhood, as well as the amenities there offered. Moreover, they can use their expertise as leverage when it comes to arranging the terms of the offer and the purchase.
When choosing the right person for any job, naturally, you want that person to know what they are doing. And when you hear the words “specializes in”, it becomes much less difficult to make a decision and finally settle on one expert. Ideally, you want to find a realtor who specializes in the exact type of property you need.
When it comes to specializations, property buyer’s agencies are at a great advantage. Since, well, there is a whole team of professionals aimed at helping you achieve your goal. One person might be good for one thing, and then another for something else. In any case, two heads think better than one.