Melbourne has had one of the strongest and most consistent real estate markets for the last four decades. The median house prices in Melbourne have increased by 7.9 per cent per year.
The housing market has invariably increased the demand for buyers agents in Melbourne as people want the best value for their money. While you may come across plenty of websites promising you to find your dream home, the importance of a buyer’s agent can’t be overstated.
So, if you’ve not considered professional representation while buying a home, you may look at the following benefits and think again.
- Inventory knowledge
The median house price in Melbourne is $10,81,000. Some of the most expensive suburbs of Melbourne are Toorak, Kooyong, and Canterbury, which may not be affordable to many people. However, when you choose the services of a buyer’s agent, you don’t have to look for housing alternatives in other cities or strain your budget.
Agents have the strategies and tools to navigate the housing market inventory. They will also ensure that the properties you are presented with meet your budget, have adequate space and must have features and amenities for your convenience.
- A better understanding of the local market
No matter how extensive your research is, it cannot be compared to a buyer’s agent. Buyers agents in Melbourne have a thorough understanding of the intricacies of the local market.
You may wish to buy a house, land or an apartment. Or, you may prefer the expensive suburbs or look at properties in more affordable areas like Werribee, Tarneit, and Boronia. With an agent, you get the right assistance and have all the information at your disposal.
- Secure financing
Financing is a huge step when a property purchase is concerned, and it can get a bit overwhelming for all. But with the help of the buyer’s agent, you can secure financing
easily and get the right fit according to your situation.
The agent also ensures you secure the financing through a reliable local broker who is well-versed with real estate transitions and local rules and regulations.
- Access to experienced professionals
Any real estate transaction requires professionals like a real-estate attorney, home inspector, mortgage originator and others.
When you choose a buyer’s agent, you benefit from the network of contacts during and after the purchase of the house. It is quite likely that the professionals the agents recommend will provide top-notch services and make your house-buying journey a smooth ride.
- Successful negotiation
Good buyer’s agents have the best interest of the buyers at heart and provide them with the best possible deal. An experienced agent knows where and how to use leverage in buyers’ favour. Moreover, they also benefit from conducting several hundred similar negotiations, which makes them understand the challenges better. So, when dealing with high-value negotiations, it is better to trust someone skilled and experienced.
- Keep transactions on schedule.
Delays in real-estate transactions are a frustration for both the seller and buyer. Hiring a buyer’s agent improves the chances of keeping real-estate transactions on schedule.
The agent ensures that the written mortgage commitments are completed in due time and there are no delays in orders of appraisal and completion of instrument surveys.
Buying a house can become much easier with a buyer’s agent. An agent is a thorough professional who doesn’t get attached to a specific property, which can prevent you from making an impulsive choice. However, you must choose the services of a licensed agent who complies with industry standards to have peace of mind.