If you’re in the real estate investing business, are there benefits of using a buyer’s agent when looking for a property? That’s an easy one: yes, there are many benefits, and you should definitely use a buyer’s agent. The main reason is that a buyer’s agent can help you make more money – the only reason you got into investing in the first place. The benefits of using a buyer’s agent when buying a Shoreline, WA investment property are too numerous to list in full, so let’s take a look at the most important ones.
Buyer’s Agents usually have extensive networks of developers and Real Estate Agents, providing them exclusive access to off-market listings that may not be advertised publicly. This is particularly relevant to investment properties and can result in opportunities for buyers to save thousands, sometimes tens of thousands, of dollars when purchasing off-market or ‘off the plan’.
Savings in Time and Effort
Thoroughly researching an area in which to purchase can be an extremely involved and time-consuming process. Pouring over listings, reviewing sales data, conducting inspections, and attending auctions are all required on an ongoing basis in order to achieve a balanced and informed understanding of the market. A buyer’s agent can do all this researching and selecting for an investor because that’s the agent’s job, and she has far more time to devote to it. So if you’re an investor, all you have to do is wait for your agent to inform you about the potential investment opportunities she’s found for you.
Needs Objectively Met
Another one of the important benefits of using a buyer’s agent when buying a Shoreline, WA investment property is that your agent can probably be more objective about finding properties that meet your investment needs and fit your business model. Sometimes, as an investor with your attention pulled in many competing directions and many duties claiming your time, you can’t always be as objective as you should. Your agent, however, can be.
Investment Business Knowledge
Your buyer’s agent also possesses a wealth of real estate investment knowledge. This means that your agent can help you source the best properties from a capital growth point of view. For, generally, agents possess a sound knowledge of capital growth opportunities across a wide spectrum of properties and in many different locations.
Access to Unlisted Properties
Another of the great benefits of using a buyer’s agent when buying a Shoreline, WA investment property lies in the fact that agents usually have access to unlisted and little-known properties. They have access to both private sales and the harder-to-find properties that are available to the public. Being able to tap into the extensive network of a Buyer’s Agent significantly broadens the pool of potentially suitable properties for a purchaser and provides access to opportunities that, without the Buyer’s Agent, would not be available to them.
Many of the unlisted properties are set up that way because the sellers have a good relationship with the buyer’s agent and so just use that direct line. These sellers would rather have the quick sale that can happen through the agent rather than wasting time and money using a traditional listing. The upshot here is that if you aren’t using a buyer’s agent, you could be missing out on a lot of opportunities.
First in Line
To get the best deal on an investment property, you’ve got to beat other interested investors to the punch. And a good buyer’s agent can help ensure that you do that.
In addition to getting you at the head of the line of investment buyers, your agent can also use her sound market knowledge to get a good bargain for you – which is likelier to happen before other bidders get in the game. Simply put, a good buyer’s agent can help prevent other buyers from beating you to a great bargain – one of the outstanding benefits of using a buyer’s agent when buying a Shoreline, WA investment property.
Obviously, the benefits of using a buyers agent when buying a Shoreline, WA investment property are many. If you’re short on time, especially, a buyer’s agent could be just the asset you need. The agent works on your behalf and, as a result, you stand to make more money.