Friday 11 October 2013

Why on earth would you use a Buyer’s Advocate when you can search on the internet and buy a property on your own?

So you have decided to buy your first home or an investment property and your weekends are full of open for inspections and talking to agents and trying to decide which property to bid on and keeping your fingers crossed hoping your offer will get accepted.
It’s easy enough to source a property that suits your needs from Real Estate.com.au or Domain websites or even local newspapers. After all you just decide on the suburbs, your budget, get a list of properties you like, inspect them, make an offer and buy the house right? Easy enough to DO IT YOURSELF….

However, do you know what you need to look out for when buying an established property? Do you know what price to offer if you decide to move ahead with a property? The guide price is after all what the Vendor HOPES to get, not necessarily what the property is worth. Do you know if your offer represents value for money for you? How do you ensure you don’t over pay or get carried away because you have fallen in love with a particular property? Do you know what clauses you need to put on your contract so that your interests are protected? Usually buying a house involves your emotions and more often than not people tend to go over budget or turn a blind eye on crucial issues with a property, which can prove very costly in the long run. If it is an investment property do you know if it ticks the boxes for good Capital Growth? What the rental market is like? What plans the government has for the area and what impact this will have on your investment?

This is where a non-related third party with a professional eye can make a world of difference. A Buyers Advocate can help you wade through the complex process of inspecting, assessing and negotiating on a property on your behalf so that you can rest assured that you are getting the best bang for your buck so to speak. They will be working for YOU, unlike the Real Estate Agents at open houses who work for the vendor. So you know that your interests are protected. They can come up with a Buy Strategy and speak to the agents to negotiate the best possible purchase price, which may even get you the property for less than the listed price.

Buyers Advocate fees are usually fixed upfront and the amount of money and time they can save you is usually several time more than their fee. So why on earth would you NOT use a Buyer’s Advocate?

If you are in the market, looking for your first home or even an investment property, speak to a professional who is in the thick of things with the property market and who can help you make the best possible decision on your purchase. After all buying a house is probably the biggest purchase you will make in your life and surely you do not want to make a mistake trying to DO IT YOURSELF… Do you?

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