Why use a Buying Agent?
Why use a Buying Agent?Buying a London property can be an overwhelming and complicated process for whatever reason you want one, be it personal investment, holiday home or your dream house.
However, it’s a process a buyer does not have to go through alone. Professional buying agents are at hand to represent the buyer through this often arduous process and help the buyer, keeping their interests at the forefront, to help make the process easier and less painful.
Buying Agents are being utilised far more in today's market but it's important to find the right one. Here are a few reasons we suggest using a buying agent next time you are looking to buy a property.
The benefits of a Buying Agent
Most buyers consult with an estate agent who has properties on the market they are interested in, and they simply register with them and then wait for them to send over details of new matches they think will be of interest.
The main problem with these agents is of course is that they get paid by the seller. Their earning is based on the price they sell the property for. Therefore, they represent the seller in the house buying dynamic. They’re not really on your side.
A buying agent represents you the buyer and your interests. Looking out for what you want from the process.
Most of the time as a buyer you are speaking directly with an estate agent who represents the seller. It is his interest to drive up the price in order to get the higher commission.
However, the buying agent negotiates the price down in your favour as he is just as skilled in negotiation and can consider key factors in order to structure an offer in your favour. Your buying agent works for you not the seller.
They know what to look for
Your buying agent can not only help you find the dream home you’re looking for, but they can also help advise on further details you might want to consider.
Often a buyer misses some key elements of the property which do not emerge until years later. That's one of the great advantages of having a seasoned professional there to help you make you aware of all aspects ahead of time.
Ready for all complications
Rarely does buying a house go without complication. From surveys, mortgage appraisals, price negotiations, home inspections; more often than not there's going to be complications along the line.
With a buying agent most of these complications can be foreseen and dealt with on your behalf thus making the transaction far less painful to resolve.
Nothing to lose
The greatest thing to be aware of is that most of the time fee's for buying agents are more than covered by the savings made in negotiations and mistakes avoided. Having a professional representative makes sure you are getting the best deal possible.