Market Update
Stock remains low - gain access to the huge number of off-market properties where opportunities do exist
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Consider using a Buyer’s Agent
In the USA, buyer’s agents are now considered a part of the real estate market and property landscape. The trend of hiring buyer’s agents is now becoming a trend in the Australian real estate and property landscape.
With the surge of property investment activity in Australia, there’s no wonder why buyer’s agents are adding interesting dynamics to the Australian property sector. But there’s still a long way to go before buyer’s agents are considered as a mainstream feature in the local housing market.
A survey from the REBAA or Real Estate Buyers Agents Associations revealed that around $636 million worth of real estate transactions across 2012 and 2013 involved the help of professional buyer representation.
Read the full report here.
My thoughts
As a buyer’s agent myself, I believe that there needs to be proper representation between two parties, just like how you hire a lawyer when you deal with legal problems. Buyer’s agents do more than just give their clients the lowest price possible. They also make sure that the transaction will go as smoothly as possible.
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