Do I need a Buyer’s Agent when buying investment property

A Buyer's Agent is a licensed real estate professional who acts on behalf of a buyer to find the right property, in the right location, at the right price. Using a Buyer's Agent is a smart decision when buying investment property. Just like a real estate agent who represents the seller, a Buyer's Agent represents the best interests of the buyer to get the best deal for their client.

Benefits of using a Buyer's Agent when buying an investment property:

• Some people may only ever buy 1 or 2 let alone 3 or more properties in a lifetime and many buyers lack the knowledge and expertise when buying property. A Buyer's Agent buys property for a living and is an expert. They have in-depth knowledge of the property market and the expertise to help you make informed decisions about your investment.

• They will identify properties that are likely to appreciate in value and generate a strong return on investment.

• Work for the buyer and have the buyer's best interests in mind. Real estate agents work for the seller to get the highest price possible.

• They have connections and access to properties not advertised. Many properties sell without ever being advertised.

• Finding the right property takes time. A Buyer's Agent will speed up the process and get you into the market sooner rather than later and give you back your evenings and weekends and ultimately save you money.

• Reduce the emotional stress that comes with buying a property. A Buyer's Agent will remove the emotion out of the decision-making process. They can provide objective advice and guidance throughout the buying process, ensuring that you make informed decisions.

• Complete detailed research on target markets, identify investment grade properties, assess property value, and complete all the due diligence required on the property

• Negotiate and always aim to get the best price and conditions.

• Support you throughout the entire buying process.

The right Buyer's Agent will save you thousands of $, buying under market value properties, negotiating on purchase price, they will know to negotiate on issues that arise from pre-purchase inspections, they will know the right questions to ask to help avoid costly mistakes. They will identify potential issues and help navigate any issues to protect your interests. They will reduce the time and stress involved when buying a property and help to make a more informed investment decision and give you a competitive edge in the market.

If you are looking to use a Buyer's Agent, always do your research. Look for honesty, transparency, integrity and ensure they have your best interests at heart. Confirm they hold a valid Real Estate license, and are experienced property investors themselves with a proven track record. Do your own due diligence and find the right Buyers Agent who will save you time, money and maximise your profits in the short and long term.