Buying a house is a momentous decision, especially if it is your first. Your property choice is influenced by many factors– family, neighbourhood, design, facilities, pricing, etc.
If you decide to buy a house without buyers agents in Brisbane, you might have to compromise on one or more of your demands. As such, finding the perfect house by yourself can be a time-consuming and arduous process. Worse yet, you might pay more than necessary for the property.
Read ahead to see why a buyer’s agent is essential to finding your dream home.
What Services Do Buyers’ Agents in Brisbane Offer?
The housing prices in Brisbane are at an all-time high. This could pose a challenge to finding affordable properties that meet your needs. Conversely, it is an excellent time to own a house in Australia.
While making a purchase, a buyer’s agent is on your team. They are also called buyer’s advocates and do everything possible to help you find the house of your dreams. Here are some ways in which you can benefit by getting an agent:
1. Understanding Your Needs
When looking for a new house, you have a mental checklist. Finding a house by chasing ‘for sale’ signs in Brisbane is very limiting and exhausting. Moreover, an independent buyer will hardly gain precedence in a market dominated by buyer’s agents.
Instead, you can tell your buyer’s agent precisely what you are looking for, and they will do the grunt work. All helpful information like the number of rooms, amenities, must-have facilities, type of neighbourhood, and your budget will help your agent narrow down to suitable options.
2. Property Evaluation
After they find a house that meets your requirements, a buyer’s agent will always do their due diligence before showing you the property. They will tell you if the place or building needs an inspection to save you from future problems.
In addition, they will also evaluate the property’s price. Considering the demand in Brisbane and the exact location, your agent will tell you what a fair price for the place is before going into negotiations.
3. Bidding and Negotiation
It is crucial to have an expert negotiator to represent you. Buyers’ agents in Brisbane will get you the best price and sale terms for the property. Owing to their experience, they also know when a purchase will not happen and can withdraw in time.
Furthermore, some properties might have public auctions. They can be intimidating, especially if you do not have the expertise. This will result in you bidding higher than your budget and making an impulse buy that you will regret later.
A buyer’s advocate can help you sidestep any mistakes and make a wise purchase.
Are They Expensive, and do they Save you Money?
Buyers’ agents charge a fee for their services. This amount depends on the following factors:
- Services you demand from them
- The agent themself
If you hire a buyer’s agent for the full service, they usually take a small percentage (2-3%) of the sale price. However, the notion that buyer’s advocates are only for the rich is entirely untrue. If you hire an agent for selected services, their fees are incredibly cheap.
Tip: Remember to ask about the fee structure upfront. Some buyers’ agents in Australia have fixed fees for their offerings.
Now, arriving at the real question- do they save you money?
In most cases, an agent has deeper information like off-market and pre-market properties that can help you make a low-price purchase. In such cases, they can save you a lot of money that you can then spend on the interiors.
The property market in Australia can be tricky to navigate without the buyers’ agents in Brisbane. Not only will they get you the best house but also the best deal for your new property. So, hire your advocate today and feel the joy of becoming a new homeowner!