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7 Reasons Why Savvy Property Investors Use a Buyer’s Agent

Make the right decisions when investing in properties by using a buyers agent. This article lists 7 reasons why buyers agents will save you.

Some property investors like being active in the property market, but if you’re one of the many who don’t have the time to find the perfect properties yourself you should consider a buyers agent to assist in the process. A buyer’s agent is a licensed professional that specializes in searching, evaluating and negotiating the purchase of property on behalf of a buyer. It’s like having a professional in your corner, to deal with the professional that the seller has in theirs. Using a buyer’s agent to purchase investment property is becoming increasingly popular as savvy property investors understand the benefits they provide. Below is a list of the 7 reasons why more investors are using a buyer’s agent:

1. Gain Exclusive Access To Wider Choice Of Properties

A buyer’s agent is able to access properties that you would never have known about, including private sales and those properties not yet listed. This means you’ll get exclusive access to the best deals before they hit the market or even get advertised.

2. Save Time

An investor saves time when using a buyer’s agent because they do the research and field work for you, freeing you up to spend time where your time is needed. This means if your criteria is to purchase in a suburb for a particular budget, and that your strategy in mind is to renovate or one that offers potential growth or yields high rental returns, the agent will spend all the time searching and meeting your criteria for you. They will also use their experience to help you make the right decision from the shortlist of properties they bring to you.

3. Save Money

A buyer’s agent is a professional negotiator who can save you money by obtaining the lowest possible purchase price for you. They also have the background information about the true value of the property you are seeking to buy. This means you can not only make an informed decision but also avoid paying more than it’s worth.

4. Avoid Frustration

A professional buyer’s agent can provide you with all the knowledge you need to make an informed decision about the value of a property without all the sales “hype” often generated by seller’s agent.

A seller’s agent can also waste your time by showing you properties that don’t meet your buying needs. Whereas a buyer’s agent will follow the criteria you set for them and bring you only the relevant properties, saving you from the frustration of looking at properties that don’t meet your criteria.

5. Gain Support

Most investors are time poor and because of this buyer’s agent can offer you great support. If you’re unable to be present, a buyer’s agent can bid on your behalf at an auction and if negotiating isn’t one of your strong points, they can support you during this process too.

6. Sense Of a Good Deal

Not everyone buys property every day, whereas a buyer’s agent does. Because of this they are better at knowing the real value of a property and also the whole process of buying. Not to mention they have a local knowledge of the market, which not everyone has time for, which means they know a good deal when they see one.

7. Get the Edge

If you’re interested in purchasing a new investment where you don’t have to do anything, the agent will suggest the right properties to you. Alternatively if you want to purchase a property to renovate, a buyer’s agents not only has the correct market knowledge to find you the right property but can also recommend tradespeople and builders to help you get started.

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Bottom Line: A buyer’s agent will help you grow your property portfolio faster by helping you buy in growth areas, as well as provides you, the investor with confidence and due diligence information to close deals faster.

Updated October 29, 2014