As the number of buyer’s agencies continues to grow in Australia, it is getting harder to choose the right one as there are so many options available. Not all buyer’s agents offer the same service and choosing one for yourself requires you to have your own list of criteria to make it easier for yourself. You need to know the location in which you plan to buy, your budget and the type of property you intend to buy. Once all these have been thought over then you’re ready to look for an agent that best suits your needs. Below are 8 questions you can use to vet potential buyer’s agents.
1. What qualifications do you have?
It’s important that you hire a qualified buyer’s agent. This ensures they have the right adequate knowledge of markets that will ensure you will get a good deal on your purchase. To double check their qualifications, you can use public registries such as Service NSW which list agents’ qualifications, experience’s and how long they have held their licence for.
2. What areas do you specialize in?
Each buyer’s agent has specific locations, property types and buyers they specialise in having the adequate knowledge of a particular market and good working relationships in that market can help them get you a better deal.
3. Do you own any property?
This is not a deal breaker but an agent that owns property will more likely be empathetic and understanding of the buying process from your perspective. That will strength your connection with them as you will something in common that is owning your own property.
4. Can you share some of your most recent purchases?
Knowing this can give you more insight into the types of properties that the agent usually deals with. A good track of record is proof that an agent knows what they are doing.
5. Do you have written testimonials from previous clients?
This is getting easier to get a hold of there are online platforms where clients can share their experiences. Having a previous client vouch for an agent is proof of good service rendered.
6. What is the buying process like?
A good agent should be able to easily provide this information and explain it to you in details. They should be able to tell you what due diligence will be done on your behalf.
7. How do you handle competing clients?
This is a crucial question in case this comes up during the buying process. You do not want to get the short end of the stick in such a case.
8. What happens if I cannot find the property I am looking for?
A good buyer’s agent must be able to tell you from the onset if your price point is realistic for the type of property you are looking for. This will save you time and money.
At Property Point we specialise in finding 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!