Investing, Flipping and Reselling: Real Estate Investment Tips

Why Buying Agents Are the Secret Ingredient to a Great Sale

When it comes time to purchase your first home, you have plenty of options. From Queensland to New South Wales and even in Tasmania, Australia's housing industry is generating new homes and new sales all the time. While some homeowners do choose to purchase new property on their own, the complexity of real estate laws throughout most areas means that it can be confusing and overwhelming to do so. Thankfully, there's an easy way to make it much less stressful on yourself–learn why choosing the right buying agent is like adding a secret ingredient for success in this helpful guide.

They Handle Paperwork, Paperwork . . . and More Paperwork

One of the biggest frustrations reported by most homeowners is the paperwork. Whether you're selling or buying, there are plenty of hoops to jump through—and a mountain of forms to fill out before your sale is completed.

A buying agent has a significant advantage over the average individual in this regard; most will have filing cabinets or computers that contain the most common forms needed, cutting back on the amount of time you need to spend searching them out. They can also guarantee that paperwork is updated and within current guidelines or requirements.

They Reduce Tax Law Confusion

Can you say–with 100 percent certainty–that you fully understand real estate laws in your local community? If you don't have a solid understanding of how the Australian government processes property taxes, it can be all too easy to find yourself in a bind where you've paid too little or too much.

The rates set for both land and infrastructure are set at a local level by individual local councils. There can be a high amount of variation from one to another, even if they are relatively close in distance. 

Simply put: it isn't worth it to try to trek through the muck all on your own when a buyer's agent has the knowledge to cut through it effortlessly. It's risky and may end up costing you more in the long run.

They Understand the Market and What Makes a Great Sale

A sale isn't always worthwhile. What can seem like a great deal may have lengthy problems lurking just under the surface. Pair this with the fact that sellers often "stage" a home to look its very best, and you'll begin to see just how easy it can be to have the wool pulled over your eyes.

Savvy buyer's agents have experience in sussing out the truth in situations like this. They know what to look for—be that ancient plumbing that should have been replaced 10 years ago, or asbestos-lined walls hidden by wood paneling.

Buyer's agents pair intimate knowledge of the market with a strong understanding of what goes into a "great sale." They also have the right level of knowledge to realize when a home is overpriced or underpriced. 

They Have Broader Access to Listings

When you think about purchasing a home, the first places you think to look are likely:

  • Real estate magazines
  • Local newspapers
  • Other commercial media outlets

While this list is a great place to start, Australian buyer's agents often have access to other private databases. If you're looking for something extremely specific–like a modular home made from shipping containers, or a straw bale construction style home–you may not find what you need in typical resources.

When using a buyer's agent, you can list out all of your most important needs and requirements, and then have your agent do a deep search for the very home you desire. While it doesn't guarantee a perfect match, having better access to a wider range of specialties can increase your chances. In most cases, regular individuals simply cannot afford or access these systems, which may show:

  • Local neighborhood info
  • Land tax rates
  • Local land-impacting laws
  • Street info
  • School and community services info
  • Valuations
  • Recent inspection information

All of these factors can ensure that you are satisfied with the home you purchase, both before and after you move in.

When you choose the right buying agent, you're hiring an individual who will support you throughout your search or sale. While the reduction in stress is enough reason for most, others are persuaded by better financial rates. Whether you're looking to buy or sell, having the "secret ingredient" to a great sale on your side can be the difference between settling and succeeding. Contact your local buyer's agent today for advice.