As Buyer’s Agents deal with sales agents every day, they build up a trusted professional relationship. They will have dealt with many properties together and built a mutual understanding of how they like to do deals. A professional sales agent would not want to jeopardise a long-standing working relationship with a buyer’s agent. A sales agent can still sell properties to the general public.
But it takes them much more time and effort to deal with lots of individual transactions from multiple buyers. Sales agents will often give vital information to Buyer’s Agents that they may not share with the general public such as the vendor’s circumstances, other comparable properties in the area or potential areas of concern. This can give you the inside track on whether to walk away from a potential headache or how to secure it under more preferential terms.
It’s not always about price, Buying property is already expensive, why pay more than the property is worth. A Buyer’s Agent will often find it’s better to secure a property that ticks all the boxes at a fair price than a property that has some major flaws that you pick up cheap. A cheap property will often require continual maintenance. It will also be hard to sell. However, good properties can always fetch a premium. Buyer’s Agents help you to focus on what really matters.
Think you might need a Buyer’s Agent when buying your next home?