Are you considering buying an investment property in Perth but feeling slightly overwhelmed by market conditions?
You’re not alone. The real estate landscape in Perth is currently experiencing an unprecedented surge in demand, with property listings hitting a 13-year low in June, according to the Real Estate Institute of Western Australia (REIWA).
As a result, homes are being snapped up in a median of just 10 days, leaving homebuyers scrambling to secure properties.
In such a competitive and fast-paced environment, working with a buyer’s agent can be a game-changer.
Here are five reasons why.
Expert market knowledge
One of the biggest advantages of hiring a buyer’s agent is their in-depth knowledge of the local market.
A reputable buyer’s agent will have their finger on the pulse of Perth’s property trends, including which suburbs offer the most potential. Armed with this information, investors can make informed decisions and act swiftly when the right property becomes available.
Strong professional network
In a market where listings are scarce, finding the right property can be akin to searching for a needle in a haystack. Buyer’s agents have a wide network of industry contacts in the real estate industry, giving them access to off-market properties that are not publicly listed.
Skilled negotiators
Negotiation is a critical aspect of the homebuying process, especially in a competitive market. As seasoned negotiators, buyer’s agents can strategise to your advantage, putting you in a strong position to secure the best deal possible.
Time savings
Searching for the perfect property can be an incredibly time-consuming process, with endless hours spent browsing listings and attending open homes. A buyer’s agent can streamline this process by conducting tailored property searches, pre-screening potential options, and presenting only the most suitable properties for consideration.
Objective advice
Emotions often run high when it comes to buying a home, especially in a competitive market A buyer’s agent provides an objective perspective, helping you stay level-headed and focused on your goals. They can help you analyse the pros and cons of different properties, ensuring you make a well-informed decision that’s aligned with your investment strategy.
Want to buy an investment property in Perth? As an expert Perth buyer’s agent, Resolve Property Solutions can help. To discuss your options, book a free strategy call with Peter Gavalas.