We all know what a Real Estate agent does. They are licensed to sell or rent houses, offices, or land space for their clients.
A Buyer’s Advocate is the total opposite as they are an independent professional who does not work with any real estate agency. They research homes within an area to make suggestions to buyers and help them narrow their search. They also investigate property listings and help negotiate the sale at the lowest price possible and based on their findings.
Real estate buyers advocate have gained much popularity in the property industry in Australia in the past 20 years. It is estimated that every 1 in 5 buyers utilize buyers advocate in Brisbane. They use their services to negotiate with real estate agents on a professional and knowledgeable level.
Importance of a Buyer’s Advocate
Buying a home is a significant milestone, but it can be a complex and stressful experience, especially since real estate is a competitive and demanding market. A Buyer’s Advocate not only helps you to find the right house or land in your price range but also take the hassle out of viewing the numerous properties for sale. They will listen to your requirements and narrow your search down to the best properties, after which they will organise viewings. Because of their training and expertise, they will have some properties in mind once you have decided on a location.
Buyer’s Advocates can not only introduce you to specialists in specific locations but also to trusted mortgage brokers, attorneys, and moving services. Find out more about reputable mortgage brokers.
Why should you use a Buyer’s Advocate?
While you may think it is unnecessary to hire a Buyer’s Advocate, they will have access to property that may be off the market. They do not have any emotional attachment to properties up for sale, so they will identify any implications and advise the buyer of all issues. A real estate agent’s priority is to sell, which means they are quick to hide or downplay any faults with a listing.
Buyer’s Advocates will also represent you during auctions and negotiations for properties you may have found yourself as these may be intimidating and daunting for some buyers.
Who uses Buyer’s Advocates? Anyone can retain the services of a Buyer’s Advocate, but they are mainly used by:
- Commercial property investors
- Professional property investors who wish to purchase more than one property at a time.
- Overseas buyers
- High-income buyers who do not have the time to view multiple properties.
An individual purchasing or renting a home for the first time may not hire a Buyer’s Advocate as it may be outside of their budget.
The real estate market has grown so much that people can now view property listings online without the need for a real estate agent. A Buyer’s Agent is essential as they will identify outdated information for many of those listings. Their main objective is to advise potential buyers on current real estate market conditions and provide counsel even after you’ve received your keys.
About the Author
Patrick Watt is a content writer, writing in several areas, primarily in business growth, value creation, M&A, and finance. His other interests also include content marketing and self-development. Say hi to Patrick on Twitter @patrickwattpat.
