Is It Good to Use a Buyer’s Agent to Purchase an Investment Property?

Tens of thousands of new homes are purchased every year and although many are intended to accommodate new owners; just as many are bought for investment purposes. For those that are in a financial position to buy a new house and then keep hold of it for resale in the future, there are several ways to go about it.

The first is to take care of the purchase on an individual basis; but this can often be time consuming and stressful. The second is by splitting the effort and going in on the deal with others; which is often the case when buying timeshares. Another option that’s experiencing a rapid increase in its popularity is hiring a buying agent to take care of the technicalities.

Is it good to use a buyer’s agent to purchase an investment property?

According to experts the answer is a resounding yes. But why this is can be quite difficult for those without experience to understand. The first thing to know is that a buyer’s agent is a specialist that can work on behalf of a property buyer. They will often be able to take care of arranging viewings at a time and date to suit their client, whilst interacting with the seller and any banks and lending agencies that are involved.

Their main purpose is to minimise the stress, workload and effort of their client by focusing on the buying process and taking care of the formal side of things. When investing in a property, the chances are that the buyer will want to make sure that they get the best deal for their money and this is something that a good buying agent will usually be able to help with.

These experts specialise in discovering properties that might not be listed on the market, as well as negotiating the costs of purchasing the home with the seller and even helping with legal arrangements on behalf of their client (the buyer). In many cases these specialists can help by finding properties that may be a little better suited to the buyers’ needs, as well as being able to reduce the cost of the home and saving their client money.

Are buyer’s agents an obligation to use?

These specialists certainly aren’t obligatory to hire; but they come highly recommended by property experts and industry insiders. They can help to save money, negotiate terms and take care of the technical side of things involved in purchasing a new home. It is their job to act in the best interests of the buyer, whereas a real estate agent will do the same, but for the seller instead.