Hiring the Best Buyers Agent

By Janet Spencer

If you are considering employing a Buyers Agent you want them to add value, save you time and money and prevent costly mistakes.

7 tips to pick a Buyers Agent

1. Industry experience.
Experience counts.  Ideally look for a Buyers Agent that has worked in the real estate industry for more than 10 years.

2. Market coverage
Whether you are buying a property locally or interstate.  It makes sense to use an expert that knows the local market.

3. Results oriented
The three key areas where a Buyers Agent really adds value are: time saving, the appraisal stage and sealing the deal.

4. Network and contacts
A great Buyers Agent should have a widely established network of selling agents, essential to get access to properties before they hit the open market.

5. Research system
Researching isn’t just about where to invest but how much to pay. Research, as well as suburb and property due diligence is critical.

6 Credentials.  
Ask what credentials your Buyers Agent holds and ensure they are a current REI member in your state and REBAA Member to  ensure you are getting the highest quality representative.

7. Cost
Sellers mostly accept the need a selling agent to sell their property and will pay them a two to three percent commission.  Most buyers need to accept that a Buyers AGent will cost around 1.5 to 2%, however they more than earn their fee in terms of value add and service.

At Buyer Solutions we don’t buy all the properties we consider, because quite frequently while we are doing our research we find negatives meaning they wouldn’t make a good investment.

We have different criteria when buying homes and investment properties.  Asset selection criteria the property decisions at Buyer Solutions.  We consider all property an investment, whether you live in it or not.

For up to date information on what’s happening in real estate in Melbourne, contact Janet at  jspencer@buyersolutions.com.au or 0418 101 146.

By Janet Spencer

Buying property, First home buyers, Investment, Investment property, Selection a Buyers Agent

Buyer Solutions, buyers agent, buying property, Real estate, rebaa, REIV