7 January, 2020 / Category: Blog
Given that most of us have had to rent at some point in our lives, we all know what an agent or Real Estate agent is. They’re a middleman or professional representative of a seller or landlord. They work on behalf of their client to ensure they get the best price and terms for their property.
Keeping that in mind, a Buyer’s Advocate does the same but for the seller. Also known as a Buyer’s Agent – they are a licenced professional, who, for set fee or percentage of the property purchase price – searches, evaluates and negotiates the purchase of a pro9perty on behalf of the buyer.
Why do I need one?
You’re probably convinced you don’t. It’s a buyer’s market, right? It’s easy, yeah?
Today, the purchasing of a property can be more difficult than you’ve imagined. If you’re after an investment property versus a new home for your growing family – you have different priorities and needs. Engaging a Buyers Advocate means you are arming yourself with a weapon in an increasingly competitive market. Buyers Advocates (good ones, anyway) come with an artillery of information, tactics, insider knowledge, solution and personalised advice that could be your best asset in the property game. Here’s why:
They’re your tapped insider with early and broad access to property opportunities before they land in market. Great ones have well established networks and carefully honed tools for forecasting market opportunities. Buyers Advocates also help you gain access to the ‘whole’ market – not what is just advertised, including unlisted properties. On top of that, their in-depth information about the market and key segments means they’ll find you something more specific to you and your needs.
If you’re an inexperienced or first-time property buyer, they can play a key role negotiating and bidding for you on properties when you’re busy elsewhere – say drumming up that money for the purchase. With them at your back, you’ll always be assured that you’ve bought a property at its best and fairest price instead of being taken advantage of.
Great Buyers Advocates make it a big deal in getting to know you because they want to find the best property for you. Their help in selecting a property, advising you on its best and worst aspects, sorting out the details of bids and offers is invaluable to today’s time-poor buyer. Their insider knowledge and data driven evidence will help prepare for negotiating the best terms and price. At Infolio, not only do we arm and assist you, we will also direct you to the best financial consultants if that’s what you need too.
We only purchase property a few times in our lives. They’re quite big, daunting tasks and Buyers Advocates are here to make the entire process less stressful and disruptive to your lives. Yes, we can take care of the bidding and negotiating but sometimes it’s the overwhelm of admin that is the worst part. There is a lot and it is gruelling, taking away your focus and time and energy from other more exciting aspects of your property journey. For example, we verify the condition of the property by actioning and monitoring building inspections, title searches and zoning to overseeing the conveyancing process and appointing a Settlement Agent. Aren’t you glad you didn’t have to do any of that yourselves?
This one should be obvious. Buying a home is a tedious, arduous process full of steps, issues and actions. When you’re working a full-time job, taking care of a family and all the other obligations in one’s life – time becomes money, and we save you that.
Like tax accountants, lawyers, doctors, we provide a service that takes out the mundane and tedium of a very stressful and demanding new step in life. A good Buyers Advocate wants to use their expertise and extensive experience to put back the joy and thrill into a client buying another or their first piece of property. The right Buyer’s Advocate will allocate theirs (and your) time effectively so you can get the most value and focus on narrowing your lens onto properties that truly reflect what you want and are looking for.
That, after all, is what we are all about.
If you enjoyed this piece on what a buyer’s advocate is, read on for Choosing your Buyer’s Advocate or How marketing differs when you choose a Buyer’s Advocate.