Seven splendid reasons why you should hire a buyer's advocate
Seven splendid reasons why you should hire a buyer's advocate
Buyers advocates or buyers agents are capable real estate professionals who are hired by people interested in buying property. Unlike traditional real estate agents, buyers advocates only work for purchasers. Their goal is to achieve the best possible purchase price for their clients, as well as make sure their rights are being respected.
Life in the 21st century is hectic, and today, the amount of people taking advantage of a buyer's agent is increasing steadily. Because of their busy schedules they count on the exclusive services of these experts to help them find and buy the property of their dreams, regardless if this is a condo, a townhouse, a single detached home, an apartment, or a commercial building.
One of the main reasons why property purchasers hire buyers advocates is because it will save them time and money. Other motives are:
1. Familiarity with the region
A proficient property buyer's advocate is familiar with the areas their clients are interested in. They know exactly what properties are in demand, what amenities are available, where the schools are, the local property values, and much more.
2. Locating suitable properties
Buyers advocates review hundreds of properties each week. They will also inspect as many listed homes as they can to acquire a feel of what is available on the current market. Their clients do not have to spend hours researching the property listings on the Internet or in newspapers, nor do they have to run all over the area to view properties. A buyer's agent will do the preliminary work for them and present them with a shortlist.
3. Finding properties before they are listed
Through their professional contacts, buyers advocates often locate properties before they are officially listed. Many times, they also hear about silent sales, which purchasers without a buyer's agent would miss out on. Although most sellers will list their home, some prefer to keep their property sale quiet. Some sellers do not want to deal with invasive home inspections and open houses, while others want to save on advertising costs.
4. Increased selection
As established buyers advocates have a full range of real estate to choose from, and have access to these properties' information, they are able to find more suitable homes or commercial building than their clients would on their own.
5. Taking care of prep work
Buying property is more than shaking hands and handing over a set of keys. Buyer's agents also act as liaisons between their clients and property valuers, building inspectors, pest consultants, surveyors, contractors and everyone else involved in the buying process. They also make sure their clients receive good value for their money.
6. Performing negotiations
The members of a buyer's agency are trained to negotiate. Using a variety of techniques and strategies, they will discuss and bargain with real estate agents until their clients will receive the best possible deal.
7. Professional connections
Most property buyers advocates deal with solicitors, financial institutions, building inspectors, contractors, and other professionals involved in the purchase of real estate. Because they have such an extensive network of professional connections, these property agents can recommend reliable craftsmen who will charge competitive rates to their clients. Renovations or upgrades will be affordable and finished in no time.
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