A buyer’s agent is a fairly new concept. But why? All property sellers hire an agent to promote and sell on their behalf. Without one, buyers are at a disadvantage before they even begin. Eldron are here to change that. Here are some reasons why you need a Buyer’s Agent when purchasing property.
1. Extensive Market Knowledge
The property market can differ from town to town and even street to street. A Buyer’s Agent understands the local market and will use this information to guide you accordingly. This knowledge is vital in choosing the right house in the right area for you and proves its worth when it comes to negotiating the right price on a property that you love.
They also have connections with lots of local Estate Agencies that will give them an early heads-up on properties coming on to market, give insights into similar properties on the market at any time, and knowledge of private, off-market properties that not everyone will have access to.
2. Experienced Eye
A Buyer’s Agent will sit down with you and discuss the non-negotiable factors that you are looking for in your property. They will offer guidance and help you focus on what is really important to you and streamline your search criteria. This gives a firmer vision of what you are looking for, making it easier in saying yes or no to properties.
When it comes to actually viewing the property, a Buyer’s Agent knows what to look out for. They will think of and identify features of a property that you will not have considered and identify potential problems such as mould, roofing or leak issues. This puts you at an advantage and allows to truly assess the potential of any house.
3. Emotional Filter
Buying a property can be emotional and get the best of a buyer’s greater judgement. An agent is your emotional filter as they have no personal attachment to the purchase. They will make sure you aren’t looking at a property with rose-tinted glasses and will be realistic with every decision. An agent is operating with no bias. They are solely there to help you find a property that will suit all of your needs, with no agenda. You can trust your agent will do everything in their power to find you your ideal home. They make sure you aren’t making decisions based on emotion or being swayed by the opinions of estate agents, friends, or family.
4. Negotiating Experts
Recent research suggests the average person living in the UK will purchase 1.8 properties in their lifetime. Therefore, in general, we have very little experience in buying property and the intense negotiating that it involves. A Buyer’s Agent does this on a regular basis and knows exactly how to handle the negotiating process; how to offer, counter-offer, and how to manoeuvre Estate Agents and sellers with successful outcome.
An agent will get you the best possible price for your property. They will conduct market research and examine comparables to ensure that you are not overpaying for a property and advise you through the whole process.
There are many other smaller negotiations throughout the house-buying process. An agent will handle all the ‘tough talks’ for you and keep the transaction moving along and in keeping with scheduled timings.
Moving house can be stressful enough, but a Buyer’s Agent does all the hard work for you. You don’t need to spend hours searching through online property search engines trying to find the right property. An agent will do all this and provide you with a shortlist of potentials. With busy work and family schedules it can be difficult to find time for viewings. The agent will book and attend viewings to as many properties as you wish and feedback all relevant information in short, condensed form.
An agent deals directly with the selling agents with questions, queries, and negotiations. They will navigate any hazards that may occur before contract completion with solicitors, taking the stress away from you and allowing you to get on with your life.
If you are currently on the property hunt or interested in property investment, contact Eldron, and let us take care of it for you. Also, have a look at our Instagram page to see some of our previous purchases.