How can a buyer’s agent help me save money?
The short answer? YES.
After helping several clients save tens and hundreds of thousands of dollars, it’s clear that an experienced buyer’s agent can not only help you get better properties without stress, but can also help you save A LOT of money.
Contrary to what most people think, getting a buyer’s agent is not an expense. Yes, you get to pay their well-deserved fees for their time and expertise. But in the grand scheme of things, hiring a buyer’s agent is a high ROI investment.
In this post, I’ll show you multiple ways a buyer’s agent can help you save money. If you want to buy a new home at the best price or get the best ROI from your next real estate investment, then sit tight and read on!
By Helping You Find the Right Property
Buyer’s agents know the ins and outs of the market. This means they can research the best, sometimes undervalued, properties thereby helping you save thousands of dollars.
Finding the right property goes beyond finding undervalued properties. If you’re looking to invest in Brisbane, finding the perfect suburb for your investment type can help you generate extra hundreds of thousands of dollars overtime. For instance, buying a property that grows at an 8% rate instead of settling for one that grows at a 6% rate could make a huge financial difference.
Time is Money
This is even truer in Brisbane’s fast-paced real estate market that sees an average of 10% price increment annually.
This means a property going for $600K today, will be worth $660K if you wait an extra six months. You could spend over six months searching for a new property on your own. Then have to pay tens of thousands of dollars more than you could have if you let a buyer’s agent help you buy a property faster.
Another way buyer’s agents help you save money is by actually freeing the time you’d have spent searching for a property. Boring paperwork, attending multiple auctions, preparing proposals, negotiating, etc. When you have a buyer’s agent by your side, your time is yours and you can focus on the things you do best to keep growing and making more money.
Leverage Key Relationships to Save Money
Usually, buyer’s agents have colleagues in the industry that gives them access to juicy, less-competitive off market deals. That means you may have the opportunity to inspect and purchase properties no one knows about and at better rates.
As a regular individual looking to purchase real estate in Brisbane, you’ll never find out about off market properties without a buyer’s agent.
Save Money by Attending Auctions on Your Behalf
Auctions usually run crazy with emotions. In fact, it’s not uncommon to see amateur bidders exceed their preset maximum limit and end up with a bit of regret. In fact, people get to make lots more mistakes at auctions and you can read this short post to learn and avoid them (insert link to “Six Mistakes people make at auctions”).
With a buyer’s agent, you don’t have to worry about making mistakes at auctions, because buyer’s agents can attend the auctions on your behalf. Since experienced buyer’s agents have been at hundreds of auctions, they know how to play the game and actually win without making costly mistakes.
Save Money by Spotting Value in a Property
Some properties are like unrefined gold, it’s difficult to see any value in it. However, experienced buyer’s agents are usually able to identify gems covered in dust that v help you save money on the short-term and enjoy huge ROI on the long term
Save Money by Negotiating
Let’s face it; the real estate agent is probably a better negotiator than you are. Heading to the negotiation table on your own may mean you have to part with significantly more money.
It’s different with a buyer’s agent. They know the market and the true worth of a property. On top of that, they have negotiation skills and strategies perfected overtime that helps them secure way better deals than the average home buyer.
Negotiating a property without a buyer’s agent is like heading to court without an attorney. Don’t do it!
The Bottom Line
Buyer’s agents will help you save money on the front end and on the back end. They help you save up on the cost of buying an overpriced property or an investment property with a poor yield.
I hope you found this article helpful!
If you’d like to buy the perfect property in Brisbane and save some money while at it, we’ll love to help! Click here to book a FREE call to get started.