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Why You Need a Buyers Advocate When Buying a Gold Coast Property

BY EVA COUGHRAN  —  3 MIN READ

Purchasing a property is an expensive undertaking. If you’re looking to purchase a Gold Coast property, you need to get the best value out of your investment. 

The good thing is, a buyers advocate in Gold Coast can get you the best price and terms for the property.

What is a Buyer’s Advocate?

A buyer’s advocate is a property buyer’s secret weapon. They are also referred to as buyer’s agents. 

A buyer’s advocate is a licensed professional you hire to research, evaluate, and negotiate the best terms before purchasing a property.

It’s just like having a licensed real estate agent but advocating for your needs instead of the property. A buyers agent Gold Coast operates in your best interests. 

Having a buyer’s advocate is truly a gem in an industry heavily targeted by sellers.

What Services Does a Buyer’s Agent Provide?

A full-service buyer’s advocate offers a full arsenal of services. 

They will help you throughout the process of property purchase. They may look for one real estate or an entire property portfolio to help you get the right property.

A full-service Gold Coast buyers agent is also responsible for searching for properties that meet your criteria. Then, they’ll negotiate the terms of purchase, whether by auction or private sale.

When you hire a buyer’s advocate on a full-service basis, you can expect everything done on your behalf. Your inputs are as valuable as their service.

That’s why you must understand your preferences in buying property. Without having a clear understanding of what you want in a house, a full-service agent may not be too much help in acquiring the home you desire.

Another service that a buyer’s agent may provide is to bid on your behalf. This bidding can either occur at a public auction or a private sale. 

In such cases, they’re usually not the ones to look for properties on auction bidding. You’ll be responsible for it.

But if you have blue-chip real estate in mind and you don’t know how to get the best deal possible, a buyer’s advocate will prove handy.

Benefits of a Gold Coast Buyer’s Agent

They Have Wide and Early Access to Properties

One of the most significant advantages that an advocate can provide buyers is their broad and early access to properties. Their extensive network gives them the edge that a typical buyer doesn’t have.

What’s more, these market opportunities provide a buyer with early access to properties that haven’t hit the market yet. These are unlisted properties that you can see first without worrying about competition. It gives them an unfair advantage they can leverage.

Buyers agents also have marketing tools and in-depth information that make their property hunt easier.

You’ll Save Valuable Time

Searching for a property takes time. Whether you’re searching for a first investment property or an area to build for your home, a buyer’s advocate will spare you from the worry, stress, and time it takes to get things done.

Looking at listings alone takes time. What more if you decide to dedicate hours to view houses? You’ll have to hop from one property to another. Worse, you’ll have to drive from one location to another.

But your tasks don’t end here. You need time to investigate the house’s amenities. You also have to bid at auctions. In cases of a private sale, you still have to negotiate the terms and conditions of the purchase.

These are all mundane yet time-consuming tasks. With the help of universal buyers agents, you can secure a valuable deal without breaking a sweat!

You Have Someone on Your Side

The real estate market is saturated with conditions that favour the seller. Since it’s a very profitable yet demanding industry, sellers or real estate agents rely on their marketing techniques to get the best value from a purchase. This can hurt a buyer when it comes to the property cost.

An inexperienced, first-time buyer doesn’t know the ins and outs of the Gold Coast market. As such, they may need the assistance of a reliable buyer’s agent. 

With one, you can be assured that you bought the best property at the best price.

They Understand Your Wants and Needs

Homebuyers are the priorities of reliable Gold Coast buyers agents.

 They get to know the buyer’s needs and wants. Moreover, they understand the buyer’s preferences when buying a property in the Gold Coast suburbs to facilitate the property search accurately.

They are Equipped with Investing Know-How

As mentioned earlier, property buyers aren’t only out to purchase an area for their home. Some are looking for property investment. 

If you don’t have local market knowledge of the Gold Coast Hinterland property market that you can invest in, you can ask your buyer’s advocate for help in property investing.

Aside from linking you to the best investment property, they can optimise your listing for excellent capital growth. This knowledge will be crucial in the progression of your business in the long run.

They Handle Bidding and Negotiation

It doesn’t matter whether it’s your first time purchasing a Gold Coast property or not. At times, bidding or negotiation can be an overwhelming task to accomplish. This is why a property buyer hires a buyer’s agent.

Auction bidding can be emotionally draining. Having someone who can represent your best interests in an intensive setting will help you secure the property you want.

Gold Coast buyers agents understand the property buying process, tricks of the trade, and intellectual tactics to successfully close the bid. They can save you a lot of distress and valuable time.

They Take Care of the Nitty Gritty

When you buy property, you have to accomplish a lot of documents to legalise the sale. But before you can fulfil these documents, you need to work out the terms and conditions that work for you and the seller.

Purchasing a property entails a lot of administrative work that you may not have time to accomplish. A buyer’s agent will complete the necessary paperwork for you. 

All you need to do is move into your new home!

How Do You Choose a Buyer’s Agent?

As long as there’s a need for housing or investment properties, a buyer’s agent will always be present. 

Because of their growing numbers, it is essential to select one who understands your needs and guarantees results. 

Here’s how to choose the best one.

Local Expertise

It is a top priority that you rely on someone who has the local knowledge of the ins and outs of the area. 

Aside from understanding the locality, a professional buyer’s agent understands the Gold Coast property market and the conditions surrounding it.

Professional Experience

A buyer’s advocate should not only be licensed but have the experience to prove his proficiency. Of course, we cannot take seminars, workshops, and textbook learning for granted.

However, through experience, a buyer’s agent builds the foundation for wisdom. 

Make sure to ask for prior experiences and investment qualifications to narrow down your choices.

Client Reputation

It’s crucial to choose someone who knows their way around the home buying process when purchasing a property. One way of checking this is by asking for feedback from past clients.

Like in marketing, word-of-mouth is a reliable yet inexpensive tool that you can rely on. You can simply ask around, look for online reviews, or contact past clients about their experiences.

Independent Buyer’s Agent

There are selling agents who misuse the term “buyer’s agent.” Be careful if they advertise and tell you that they work for free. 

Some so-called sales agents may be receiving a fee or commission from the sale of specific properties. This usually creates the notion that an agent works for the interest of the seller and not the buyer. 

When a bias occurs, there’s a big possibility you’ll end up purchasing a property you aren’t satisfied with.

A genuine and independent buyer’s agent charges you a flat fee upfront and works independently from any real estate agent or developer to provide you with the best property at the right price.

Referrals from Real Estate Agents

A licensed real estate agent knows prominent people within the industry. 

If you’re unsure where to ask for help, real estate agents will give you a list or two of professional buyer’s agents you can work with.

Final Words

Buying properties isn’t a walk in the park. Without the proper guidance or help from someone, you can make an irreversible and costly mistake.

A practical, reliable, and professional buyer’s advocate can make the process easier and stress-free for you, whether buying a dream home or an investment property.

That said, you need to follow your guts and be confident with the person you choose. After all, they’ll be your ally throughout the buying journey. 

With the right buyer’s agent, you can score your Gold Coast property at the right price.