Buyer’s Advocates are becoming more and more popular, and this trend does not appear to be slowing down anytime soon. The idea of having a professional come in and negotiate on your behalf is a very appealing option for many people.
When you think about the complexity of buying a property and the overall cost, it is easily one of the largest purchases that most individuals are likely to make. It is no surprise that more and more Australians are deciding that they are better off having their own expert in their corner when negotiating to buy such a sizeable asset.
Just as there are many motivations for someone to buy property, there are multiple reasons that someone may decide to use a buyer’s Advocate.
Advantages of Using a Buyers Advocate:
1. Local Market Knowledge
A good Buyers Advocate will know their specific market intimately. They should have many contacts and networks in that market that can be leveraged to support your property search which should be based on your personal circumstances and goals.
Importantly they should have access to research and information to assist the purchasers strategy and decision making process.
2. Experience and Expertise
There are so many variables when buying or building a property it can often be a stressful process.
By using a Buyers Advocate you are taking advantage of a licenced agent that has seen it all before. They help you with the property search, market research, price negotiation, and are with you throughout the entire process to make it as seamless and efficient as possible.
This is a valuable advantage for investors, first home buyers and everyone in between.
3. Negotiation without Emotion
No doubt purchasing a property can be an emotional experience for buyers, whether you’re a first home buyer, are upgrading or downsizing your home or are even a seasoned investor. It’s fair enough too considering purchasing a property will be one of the biggest decisions most people make in their lives.
Ultimately though emotion often serves to hinder your progress rather than enhance it. Buyers can often overspend on property if they get emotionally invested, souring the experience.
By using a Buyers Advocate you have a professional with no emotional interest only your best interests in mind when it comes time to negotiate the purchase of a property.
4. Fixed Fees
Many Buyers Advocates will charge the purchaser a percentage of the total purchase cost. We are advocates (pardon the pun) of fixed fees for this service instead of a percentage.
We don’t believe a Buyers Advocate should be rewarded if their client pays more for a purchase, we believe they should be motivated to get the best possible price and purchase conditions for their client.
5. Ongoing Support
All property purchases are a form of investment no matter whether your buying as an owner occupier or as an investor. At Your Property Strategy we offer ongoing free annual reviews of a clients property portfolio no matter what the reason for purchasing is.
Want to learn more about using a Buyers Advocate? Feel free to contact us at 08 8231 4709 or info@centrawealth.com.au
Article reproduced from YourPropertyStrategy by David Ronson
