Now that you have enough money to buy your dream house in your hometown Sydney, you should start shortlisting some of the properties listed by real estate companies. But wait. How do you know that the prices listed for different properties are appropriate or not? What if they are exorbitantly high, and you have no idea that it is?
Are you confused about what to do? You were just about to contact a real estate agent to show you some of the properties, but now you’re having second thoughts. Well, buying a house is one of the most expensive investments of your life. And that’s why it is essential to work with a buyer’s agent who can guide you through the entire process of buying your dream home.
But aren’t real estate agents supposed to do the same thing? No, they are not. They are there to show you the properties within your budget and oversee the paperwork involved in completing the purchase. Their responsibility ends there. But a buyer’s agent works as your representative. He has a legal obligation to keep your interests in mind while negotiating with a seller.
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The role of a buyer’s agent
A buyer’s agent will help you find the right property according to your budget. This part of his job is similar to that of a real estate agent. But apart from finding a property, your buyers agent Sydney will also evaluate the property. Sometimes, sellers try to sell their properties at a much higher price, thinking that buyers won’t know their tricks. But a buyer’s agent can.
He will go through the average valuation of properties in the neighborhood, compare it with the property’s quoted price that you want to buy, check if the seller made any additional changes to the property before listing it or not, and finally, give his verdict regarding whether it’s suitable to invest in the property or not.
The job of a real estate agent
A real estate agent’s job starts after you contact the respective real estate company. The company appoints a representative who works with you until you buy the property. From showing different properties to finalizing the paperwork, the real estate agent will do everything. But, it’s not his job to evaluate properties. He is merely the contact point between the buyer and the seller.
Difference between buyer’s agent and real estate agent
The primary difference between a buyer’s agent and a real estate agent is the person they work for. A real estate agent works both for the buyer and the seller. He doesn’t have the responsibility of protecting the buyer’s interests. Every actual transaction means a commission for the respective real estate company.
On the other hand, a buyer’s agent only works for the buyer. He ensures that his client is getting a favorable deal, thus eliminating the seller’s risksof gets of charging a higher price than usual for the property.
If you plan to buy a house in Sydney, you should contact a buyer’s agent first. Talk to him about your budget and the type of house you want to buy. He will shortlist properties on your behalf and make the entire process easier for you.
