Have you ever considered using a Buyers Agent in Brisbane? The process of buying and selling property in Australia is somewhat different to many other countries around the world. In America, for example, most people buying property are represented by a Buyers Agent and most people selling property are represented by a Sales Agent. In Australia, the role of a Buyer’s Agent is just emerging. And with the projections for the Brisbane property market looking brighter, now may be a great time to use the services of a Buyers Agent in Brisbane to find the perfect property. So, you may be wondering, what is a Buyer’s Agent? Well … let me explain.
What is a Buyers Agent?
A Buyers Agent (also sometimes referred to as a Buyers Advocate) is a fully licenced real estate professional that specialises in searching for, evaluating and negotiating the purchase of a property on behalf of the buyer. A Buyer’s Agent works “exclusively” for the buyer and acts in their best interests. A Buyer’s Agent does not SELL real estate.
What is it like working with a Buyers Agent in Brisbane?
Working with a Buyers Agent in Brisbane will ultimately make the whole process of buying a home or investment property stress free. It will save you time, eliminate frustration and ensure you get access to all properties that are available for sale both, on and off-market. A quality Buyers Agent will also uncover everything about a property that you may not even think to check. There are so many layers that can be uncovered that may impact on what you can and cannot do with a property, and also whether a property will be covered by certain insurances or not. Of course, getting a building and pest inspection these days is mostly standard practice, once a contract for the sale of a property is entered into.
But what about the things you cannot see? The things that are underground, the development that is approved for an area or even the land zoning or overlays that effect a particular property?
How can a Buyers Agent add value?
Using a Buyers Agent in Brisbane may be worthwhile if you do now know the local Brisbane market very well, if you are time poor, or if you simply need professional assistance. Perhaps you keep missoing out on properties, you don’t know what to pay or you want access to off-market opportunities that would otherwise not be available to you. Also, if you do not already know how to check flood maps, for example, in areas that are affected by river flooding, creek flooding, or overland flow a buyers agent will be able to perform all of this due diligence for you. All of these types of flood issues will impact on a property, and may also have an effect on the premiums payable on an insurance policy for a property. It may also limit opportunities for manufacturing additional equity in a property through renovation or development. This is information that, as a property buyer, you would want to be aware of given the size of the investment that is made when you purchase a property. You just don’t want to make a mistake.
There are many more areas that form part of a comprehensive property due diligence search, especially in some areas around our City. By engaging a Buyers Agent in Brisbane, who is able to outline all areas that you need to be aware of, and who can undertake all of the due diligence searches on your behalf, you are ensuring that you are entering into a contract for a property purchase fully understanding everything about a property – both what you can and cannot see during an inspection.
Please feel free to reach out if you need assistance with your property search. At Streamline Property Buyers we will ensure you don’t make any costly mistakes.