Australia has one of the most competitive real estate markets in the world, and working with buyers advocates in Sydney is often one of the only ways to find a property in your price range. Many suburbs have homes worth millions of dollars, making it difficult for the average buyer to call New South Wales home.
Finding a property agent is the best way to find a home that you’ll love, but you’ll also come across difficulties in the process.
What’s the Hardest Part of Choosing a Buying Agent?
A property agent that assists you in finding the property of your dreams must be chosen carefully. You’re putting your trust in the agent to:
- Know the local area well
- Have an extensive network of potential sellers
- Understand the local market
Sydney has one of the most competitive real estate markets in Australia, and it’s an area where people flock to because of the beautiful landscape, low crime rates and lively neighbourhoods.
Your buyer’s agent should know the local market to understand whether a home is well-priced or if there’s an opportunity for you to bid lower than the asking price.
Knowing the local area also means that the agent will understand which suburbs and neighbourhoods offer the best opportunities to find a home that fits your family’s needs. The hardest part of choosing a buyer’s agent is ensuring that the agent you choose is able to accommodate all of your needs.
And you also need to consider personality.
You’ll work closely with an agent, and if your personalities don’t meld well together, it may not be the buying experience that you envisioned. It’s also best to choose an agency that represents just the buyer.
The Problem with Dual Agencies
Dual agencies sound great, but when you think about it, there’s a major conflict of interest. If you’re going to buy a property, you want to ensure that your best interests are always kept in mind.
If a property agent represents both the buyer and seller, the lines become blurred.
How can you be sure that the agent isn’t trying to maximise their commission by ensuring that you pay the highest price for a property? You’re making a life decision to purchase a property, and with such a major purchase, it doesn’t make sense to hire someone that represents both the seller and you.
Work with your Agent to Find your Dream Property
If you’re going to find your dream property, you need to work with your agent. You’re forming a partnership with your agent that works in both of your interests. The goal is to:
- Work closely with your agent
- Be very open and honest with the agent
- Continue discussing your needs and wants
A dream property awaits in Sydney, with the opportunity to live in one of the most in-demand areas of the world. The right property agent will help you find a home that is in an area that you like with excellent local amenities, proximity to restaurants, entertainment and even the Sydney city centre.
