By: Paul Simpson
17 May, 2018
A buyer’s agent is also referred as “buyer’s advocate” and has acquired the license to perform professional services in the areas of locating, assessing and negotiating on behalf of the prospective buyer who has the intention of buying a particular property. The main role of a buyer’s agent is to ensure the needs or concerns of a buyer are taken care of in a professional manner through his or her expertise in finding the right property investment.
Now, that you have a clearer insight about the real contribution of a buyer’s agent, here are the reasons why anyone who has real intentions of investing in a property must consider hiring a buyer’s agent.
One of the reasons why a potential buyer should get the services of a buyer’s agent is for quick access of properties which are not yet being advertised in the market. Keep in mind, these buyer advocates have a wide list of networks whom they can easily contact and get valid information regarding properties that might be for sale. They have the privilege of first-hand information of potential sellers in the area who have intentions of selling their properties before the news circulate.
If one of your concerns when hunting for the perfect property at your desired location is your available time, then, worry no more. A buyer’s agent will do everything to comply with your needs, saving you all the time needed to locate a good property. You as their client will be saved from those countless hours of physical property hunting, talking to sellers and lessening your stress as they do the groundwork for you by narrowing down your list of prospects until you find the most desirable property that is within your requirements.
Most licensed buyer’s agents have undergone relevant trainings to perform effectively in this role. You can be assured with their expertise that they are knowledgeable in areas of property investment. They can give professional advice on the kind of properties that have higher value. They know where your money can grow or earn higher yields of investment return.
Among the valid reasons why many property buyers hire buyer’s agents is their bidding and negotiating skills. Hiring an Agent will give you the confidence during an auction or negotiation process ensuring that nothing can go wrong. Keep in mind, biding at an auction itself can be quite challenging, especially if you are not accustomed to this kind of scenario, but if you have somebody like a buyer’s agent who can represent you in this kind of situation. A buyer’s agent knows exactly how to turn the right card and play well during the auction. He or she can go throughout the process without any difficulty and provide a successful outcome, leaving you stress free.
There are different ways to locate a buyer’s agent. Below are the most common venues:
• Referrals from friends, relatives or colleagues from work who used their professional services when buying properties.
• Word of mouth, especially if the buyer’s agent has already established a good reputation in the area where you wish to buy a property.