What is a buyer’s agent?
A buyer’s agent is a property-buying professional who specialises in searching for, scoping out and evaluating properties, as well as negotiating or bidding at auction on your behalf. Our clients range from first home buyers and time-poor house hunters to property investors buying in an unfamiliar area. At Cohen Handler, we have more area experts, more years’ experience, and more successful purchases than any other buyer’s agent in Australia.
Is it worth using a buyer’s agent?
Buyers agents provide the opportunity for off-market properties. These are properties that aren’t going to be advertised online – and can be an attractive option for a buyer. This is also due to the buyer often receiving a better outcome than in a competitive auction setting. Cohen Handler buyers agents take away the stress of purchasing a property. Searching for the perfect property can take up a lot of your time, in addition to browsing listings, you’ll also need to dedicate a large chunk of your weekends to viewing these properties in person. When multiple listings show on the same date and at the same time, it can be exhausting driving from one location to another. A buyer’s agent will reduce the stress by hunting down the perfect property for you, based on your requirements.
Will A Buyers Agent Save You Money?
Everyone jumps at the chance to save some money, whether it’s on clothing, health insurance or a bargain buy at the grocery store. So why should buying property be any different?
There are so many advantages to bringing on the services of a buyer’s agent, but many people don’t realise that a buyer’s agent can help you save money, no matter if you’re looking for your first home, investment or dream property.
Buyer’s agents can save you money in a number of ways, making sure that you’re walking away from negotiations with a little cash in your pocket to put towards the life you’ll be living in your new home.
Save money through negotiating
Buyer’s agents are professional negotiators. They represent the buyer in negotiations so their goal is to achieve a price within the buyer’s budget that might leave them with spare change.
With all this knowledge and understanding under their belts, buyer’s agents know how to close a deal at the right price for their buyer. Experienced agents like those at Cohen Handler can even use their skills to negotiate the sellers down to the buyer’s price point.
The last thing any buyer wants to do is go into negotiations unprepared and inexperienced and come out feeling that they have paid too much for a property.
Save money at auction
Buyer’s agents know when to go hard and when to opt out. They use their knowledge to judge whether a property is worth as much as the sellers are asking. This can save you money at an auction. If bidders are using techniques that are sure to inflate the price, a buyer’s agent will know when it’s time to ditch the paddle.
Save money through off-market sales
Buyer’s agents are independent and are always representing the buyer in every transaction. Their understanding of the market helps them develop good relationships with agents and they are often invited to see properties before they are launched to the general public.
This means their clients have the chance to walk through suitable homes that no other buyers have seen and if interested, can make an offer before anyone else does.
If the offer is strong enough, a buyer’s agent can negotiate to sell the property off-market, limiting competition and therefore keeping the price at a level that is affordable for their client.
Save money by doing the research
Time is money and research can cost both. Buyer’s agents have all the tools and knowledge they need to navigate the market for their clients and make sure they aren’t wasting their time or money looking at properties or suburbs that aren’t suitable for their needs or are out of their budget.
There is little point in organising building inspections for properties that will likely sell above your budget during auctions or negotiations. Buyer’s agents can quickly eliminate properties that are priced higher than their worth and steer clients away from homes that don’t fit their specifications, meaning buyers won’t waste time or money ordering costly market or building reports.
Get in touch today and talk to one of our property experts about finding the right property at the right price.