For a very long time, it has been the norm to hire a real estate agent whenever someone wants to sell a property. It is not quite the same with buying property. But have you ever wondered why this is so? Shouldn’t there be help available when you need to decide where and how you are going to spend your money when you are investing in property. To answer this question, below are some reasons why we think things have remained as they are, and why they should change.
1. Lack of understanding
Many people do not know what it is that a buyer’s agent does. The few that do mostly think that these are only needed by ultra-wealthy property investors and not the normal buyer. Simply put, a buyer’s agent helps people to successfully buy property. They provide much needed market understanding, work with other real estate agents, and have access to off market properties. All this works in your favour as a buyer.
2. The cost factor
This is probably the main reason why people choose not to hire a buyer’s agent. They feel like all the services that this person may offer, they can do by themselves for free. But give it some thought, a buyer’s agent will do market research, due diligence, search for the types of properties that meet your requirements and negotiate on your behalf so that you get the best deal. This can be with as much involvement as you’re comfortable with coming from your end. Is it not a worthwhile investment?
3. Information overload
There is so much information available online when it comes to investing in real estate. You can find it very helpful to look at sales history, suburb analyses etc but it can be an overload and you can get ‘buyer’s paralysis. Add to that, not all these online sources are credible or applicable to your particular case. To be absolutely sure that you are getting a good deal, you’d need to spend a few months studying the market you want to purchase in, or you can hire a professional to do that for you.
4. Make the change today
In conclusion, selling property must not be taken lightly. If you are going to spend money, you need to be sure that you are really getting a good deal and that your investment will stand the test of time. This is where we, at Property Point can help you. We have many years’ experience in buying property for many clients. You can be another satisfied client that we add to our portfolio.
At Property Point we specialise in finding and buying commercial and domestic properties for clients. We have a fully qualified team of industry experts that can make this process much easier for you. Contact us today!