What does a Buyers’ Agent actually do?
Many potential buyers can benefit from engaging a buyer’s agent to act on their behalf, but a lot of buyers also aren’t sure about what they do. If you’re looking to buy, here’s how a buyer’s agent can help you.
What is a buyer’s agent?
Buyer’s agents are licensed and regulated real estate professionals who act on behalf of the property buyer. Their purpose is to research, find and negotiate a property that is perfect for their client.
This is as opposed to a real estate agent who has a contract with the seller and therefore has their best interests at heart. A buyer’s agent will always negotiate in favour of you, their client.
Buyer’s agents work with you
The first thing a buyer’s agent will do is sit down with you and find out exactly what kind of property you are looking for and where you are hoping to buy.
A good buyer’s agent will have extensive knowledge of the area their clients are looking to buy in.
Here at Cohen Handler we have agents in Brisbane, Sydney and Melbourne, so even if you’re looking to buy interstate, we’re likely to have an agent who will be familiar with the region in which you’re looking to buy.
A buyer’s agent will carefully research the area, prices and market history. They will then present a number of properties, after inspecting them to ensure they fit your brief.
Save time and money
Buyer’s agents are there to find the right property. This means they eliminate any properties that at face value may seem to fit the brief but on further inspection aren’t quite right.
They save buyers time by researching what’s on the market, inspecting homes their client may be interested in and reporting back on what they’ve found. This means you don’t have to spend your precious downtime inspecting unsuitable properties.
A buyer’s agent will also know about ‘off market’ listings. These are properties that are for sale but have yet to be publicly advertised. Here at Cohen Handler, our close relationships with real estate agents across the board means we have unrivaled access to off market listings. This ensures we can make an early and exclusive offer on a client’s behalf.
Buyer’s agents also have plenty of experience in negotiating to get their clients the right price and can represent their buyers at auction.
Their knowledge of local markets means investors can also benefit from employing a buyer’s agent. Agents have a good idea of which properties have the highest yields and where rental homes are in high demand.
Buyer’s agents are for everyone
While some people think buyer’s agents are only for the wealthy, they can in fact work for anyone. Whether you’re on a strict budget or looking for a multi-million dollar home, a buyer’s agent can help you with anything from a $300,000 investment to a $20 million+ home.
Cohen Handler works with young couples, young professionals, large families and down-sizer’s to help them find their ideal homes or investments.