Buying on the Gold Coast? Here's why using a...
Is the Stress Free way to secure your next Gold Coast property!
If you’re property hunting on the Gold Coast, the jargon and high price forecasts could lead you astray. Fortunately, a surefire way to ensure you get the home of your dreams while protecting your finances is to partner with a Gold Coast buyers agent.
But what is a buyer’s agent? Why should you trust your assets and future to someone you don’t know? And how can you guarantee you’ve found the best buyers agent the Gold Coast has to offer? We cover all this and more below.
A buyers agent will help you find the right home, in the right neighbourhood, for the right price. They help clients research properties and use industry knowledge and connections to approve these properties. The buyer’s agent will also help you negotiate the property price to suit your budget and meet the true market value of the home.
A buyer’s agent works only for you and aims to meet your goals. This is the opposite of a real estate agent as they aim to meet the seller’s targets.
Most people opt to buy without the help of buyer’s agents. Instead, they focus on real estate agents, never really understanding that real estate agents might not always have your best interest at heart. They’re doing their job by turning a profit for their seller.
There’s nothing wrong with this, of course. But as a buyer, it can be a little disheartening. Luckily, hiring a buyer’s agent is your way of controlling the buying and selling narrative.
The control afforded by a buyer’s agent will ensure you don’t get taken advantage of. Buyer agents have a lot of knowledge about property trends and other valuation data that can determine whether the price you are paying is fair.
The buyer’s agent will also research the property and guarantee the authenticity of the home inspections to ensure you’re getting your money’s worth.
All in all, a buyer’s agent will help you make the most of your time and money. They’ll guide you to fair prices and neighbourhoods that should see growth in the future to help you better your investment and your standard of living.
7 Tips For Finding The Best Buyer's Agent On The Gold Coast
Now, let’s take a look at how to find the best buyer’s agent on the Gold Coast.
Unfortunately, the buyer’s agent market isn’t very regulated. All an agent needs to call themselves a buyer’s agent is a real estate licence.
Weed out the bad from the good by asking prospective agents for their qualifications. Great buyer agents will have some form of tertiary education, as well as other real estate qualifications and certificates.
It’s also a good idea to ask your buyer’s agent if they are part of any buyer agent associations, and then to check that association’s reputation online.
The more experience the buyer’s agent has, the better. They’ll have a better grasp on the buying process and have more established networks. Experience is especially important for Gold Coast buyers agents, as the industry is still relatively new.
We’d suggest partnering with a buyers agent who has years of experience in the property market, whether as a real estate agent or a buyers agent. It’s also better if they live on the Gold Coast and specialize in Gold Coast properties.
A buyers agent with a good reputation and a well-established local network will have access to better properties and even better deals. It’s always a good idea to check your buyer’s agent’s reputation with other sellers, online forums, and industry professionals.
If they’re well established and respected, they will show you properties and connect you with sellers that most laymen won’t even know exist.
Check your prospective buyers’ online and offline reputations. Online, search the seller and read reviews. Use forums and social media to get a feel for the property buyers’ reception.
Offline, ask the buyer’s agent to share testimonials and use both these to get an idea of the type of buyer agent they are.
Ask about your Gold Coast buyer’s agent fees upfront, and what commission they expect. In this industry, the cheapest option won’t be your best option.
Neither will buyers agents who claim to charge no commission or upfront fees. They’ll likely add these fees secretly or they are working for a seller, which means they don’t have your best interests at heart.
Ask your buyer’s agent about the buying process. If they have established strategies, they’ll happily share them with you. Pick the buyer’s agent you get along with and whose strategy makes sense with what you need.
Ask your buyer’s agent about the buying process. If they have established strategies, they’ll happily share them with you. Pick the buyer’s agent you get along with and whose strategy makes sense with what you need.
Lastly, you don’t have to put all your eggs in one basket immediately. Interview multiple buyers agents and compare them with each other. Ask them how they differ and how their service will outperform other buyers’ agents.
By chatting with multiple agents, you get a side-by-side look at the service fees and buying process of each. It’ll make it much easier to choose the one you feel fits your needs the most.
It also relieves the stress of having to pick an agent as you can take your time and make an informed choice.
The Bottom Line...
Partnering with a buyer’s agent is a relatively new practice in the Gold Coast property market. That being said, it’s a very effective strategy for finding the perfect property at the best price. Buyer’s agents can take a lot of stress out of the buying process while saving you both time and money.
Use the above tips to interview your buyer’s agents and find the one that suits your needs and your budget. This way, you can be sure you’re setting yourself up for success on your Gold Coast property-buying journey.
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