Looking to buy a home? Congratulations, you’ve just started the very first steps on your journey to property ownership – an exciting time, no matter whether you’re a homeowner or an investor. The journey to property ownership can sometimes feel difficult and complicated – from researching the market to identifying a property that meets your own personal objectives, it can be difficult to find your dream property.
This is where a professional buyers advocate may be able to come in, to assist you with reaching your ownership goals. In this article, we’ll explore the role of a buyer’s advocate when purchasing a property. In particular, we’ll explore why property buying can be a difficult endeavour, how a buyer’s advocate may be able to assist you in purchasing a property and the sort of benefits you can get by having a property advocate on your side in your next property purchase.
Property Buying Can Be Really Difficult
Let’s face it, property buying can be really difficult in today’s market environment, particularly where property sales are at record valuations. It can be tricky to find a property that meets your budget, as well as your personal list of property needs. It can be difficult when trying to sift through the litany of websites and information available with properties listed, going to auctions and inspections and going through the extensive preamble of purchasing a property.
No matter how simplistic it seems, property purchases can be a highly stressful and complicated endeavour, so you may be looking to get some assistance when looking to purchase property. In particular, this is where a buyer’s advocate can come in, providing insight and guidance in a complicated market.
Accessing the Inaccessible – Off-Market Opportunities
A buyer’s advocate can provide a number of key advantages when looking to make a property purchase. For example, they may have strong working relationships with real estate agents and as a result, may be able to access properties prior before they become available on the wider market. These off-market opportunities generally aren’t well known about – advantageous in a crowded market, as you can place bids and make offers before they hit a local auction board.
Often, for an off-market sale, sellers are looking to sell their homes quickly without having to go through the stress of the open market. This can lead to mutually beneficial outcomes, as a buyer’s advocate can help advocate on your behalf – and may even save you money as well. An off-market presale may be lower than market expectations without the stress of having to go through auctions – saving you valuable time and money.
Stress Less With a Buyer’s Advocate
By having a buyer’s advocate in your pocket, you can feel reassured in knowing that you have a professional that is knowledgeable about properties and investments and is able to gain valuable area insights. A buyer’s advocate is like a concierge into real estate insights previously limited to the realm of real estate salesmen.
For example, if you’re looking to purchase within a certain suburb or community, a buyer’s advocate may be able to use previous knowledge about sales to recommend particular areas or properties that may meet your particular set of needs. Additionally, a buyer’s advocate may be able to provide advice on efficient tax structures, particularly handy if you’re looking to save money in the long term.
Is a Buyer’s Advocate Really Worth It?
If you’re looking to purchase a new property without the stress of having to deal with the complexities of purchasing a property, hiring a buyer’s agent is definitely worth something. Having that level of professional support in your pocket is a great way to get access to properties that aren’t always listed immediately, save time, and gain valuable experience on market conditions without having to do it all yourself.
While a buyer’s advocate can seem like a pricy optional extra, anyone looking to make an investment in a market they’re even a little uncertain about should consider employing the services of an advocate. You never know what you just might find, and they may just save you an invaluable amount of time and energy.