Property buyers have a contract with a buyers agent and pay them to use the specialist skills that they have in property acquisition to assist with the entire process of purchasing real estate. The property buyer pays the buyers agent, the seller pays the selling agent, who is thus legally obliged to work in their best interests.
Utilising a real estate agent that specialises in property acquisition will more than likely save you thousands of dollars in the purchase process, savings which likely will far exceed their buyers agent fee.
Unlike real estate agents who primarily represent the seller of the property, a buyer’s agent solely looks after you, the buyer.
Buyer’s agents are licensed professionals that specialise in searching, evaluating and negotiating the purchase of property on behalf of the buyer. Buyers Agent NZ also project manages the entire process to ensure that you are only working with the same providers that switched on locals use, for all aspects of due diligence and on through to initial property management. If the acquisition involves a build process, we also assist with the engagement of your team to take you to the next step and are able to oversee the project on your behalf.
Buyer’s agents charge an engagement fee before they begin the search for a home. This ensures that buyers are fully engaged in the process prior to the agent starting the knocking and opening doors process. Users of the full service can expect to pay either a flat fee, or a percentage of the property purchase price as a success fee, once the acquisition is made.
Investors should note that the cost of using a buyer’s advocate is generally tax-deductible when purchasing an investment property.
A buyers agent aims to, in a hot market especially, save you the cost associated with lost opportunity or an ill-informed decision. Buyer’s agents have access to a wider range of properties than you might ordinarily be exposed to (some may not even be advertised). This ensures that you are buying the property, that after considering the ENTIRE market, best fits what you are looking for.
Buyers agents will leverage their network to connect you with focused opportunities, often ahead of others in the market. This can save you time, money and stress in the long run – reducing your chances of making an ill-informed investment decision.
Buyer’s agents assist home buyers every step of the way; they can also save you tons of time and money on the road to homeownership. Needless trips to Wanaka and fruitless due diligence costs soon add up.
This is where the agent’s experience in negotiating deals can save you money and help you avoid pitfalls like a fixer-upper that’s more trouble than it’s worth.
A good buyer’s agent can be an invaluable weapon in Queenstown and Wanaka’s competitive property market. Not only can the right agent help you find your dream home or investment property at the best possible price, they can also give you a competitive boost to help you beat other buyers to the punch.
An agent’s ability to ask the right questions coupled with their knowledge of the property’s market value is what’s likely to help the agent secure a better deal than you might yourself. Every vendor will have an idea of price, but they’re willing to be challenged if there’s a good argument for it. A buyer’s agent experienced in negotiations and armed with the right valuation data should be able to challenge the vendor’s price expectations.
Most buyers that have worked with Nicky and Marion would say that using a buyer’s agent did save them significant money in the purchase process.
Removed from the emotion of buying a house, they are able to look at the situation more realistically. Such detachment is beneficial ensuring that emotion doesn’t take over the buying process.
Having a buyers agent on board will ensure that you get the absolute right property and at the right price.