A buying agent acts solely on behalf of the buyer in a property transaction.
Estate Agents will always act in the seller’s best interests. Many buyers feel that retaining an experienced buying agent will re-address the inbalance of advice. Given a property is the single biggest purchase most people make, it makes sense to get impartial advice.
What does a Buying Agent do?
Taking time to understand what you are looking for and why. They may also help you find what you’re looking for in a different area or with a different type of property than you had originally planned.
Bringing local knowledge and advising on areas and properties. Buying agents will also use their local knowledge to help you understand what the property really offers. This can be particularly useful if you’re buying a property in an area you don’t know much about. For example, if the road you’re buying on is very busy at certain times of day. And unlike selling agents, buying agents will highlight any negatives with a property. If buying agents think it isn’t suitable for you, they will say.
Conducting research on the property and the seller: This will help put you in the strongest negotiating position possible. This usually includes assessing the value of the property and the seller’s situation to help establish what offer they may be willing to accept.
Negotiating for you to achieve the best price and terms on your behalf.