Buyer's agents can help purchasers get the best result

Buyer's agents can help purchasers get the best result
Enzo RaimondoDecember 8, 2020

Over the past decade the number of real estate agents acting as buyer’s agents has increased, and buyers should consider using their services; after all, vendors always have an estate agent acting on their behalf, handling inquiries, marketing the property and ensuring the best possible sale price.

Buyer’s agents can be a good idea for the simple fact that most people don’t buy a home on a regular basis. As a result, they are not experienced in the market, don’t immediately know the prevailing market conditions in the area in which they want to buy, and don’t always have the benefit of the day-to-day monitoring of a local area that a buyer’s agent does.

A buyer’s agent can take the emotion out of the auction and negotiation process for you. They attend, bid at and engage in auctions every week and know when and how to bid to help deliver the best result. They will even tell you that sometimes the best result may be not to buy a home at a particular price because there is a more suitable property around the corner.

An REIV member buyer’s agent can bring that experience to the process by using their professionalism to deliver a better result for you.

In the same way as you would interview a few estate agents before engaging one to sell your home, you should interview a few buyer’s agents. This enables you to compare their services, knowledge and fees and find the right buyer’s agent for you. A list of REIV member buyer’s agents can be found at here.

Enzo Raimondo is the CEO of the Real Estate Institute of Victoria.

 

Enzo Raimondo

Enzo Raimondo is CEO of the Real Estate Institute of Victoria.

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