Property buyers can expect a bustling market this spring with more choice of homes and potentially greater room to negotiate.
In July, new listing volumes were up 12% nationally year-on-year, according to PropTrack. And in most capital cities and some regional locations, this figure was higher.
Furthermore, senior economist Eleanor Creagh says a relatively busy spring selling season “is on the cards”.
“So there will probably be even more choice for buyers as the [season] unfolds…”
To keep a level head amid the excitement of this renewed activity, it is wise to have an experienced buyer’s agent at your side. While these professionals offer numerous benefits in any market, their expertise and rationality can be particularly crucial when you are spoiled for choice.
So, if you are looking to buy an investment property and plan to ‘go it alone’, here are two top reasons to reconsider:
1. A buyer’s agent can help you narrow down your choices
When faced with numerous options, a buyer’s agent can help you streamline your selection by:
- Clarifying your nice-to-haves, must-haves and deal-breakers, ensuring you only focus on properties that meet your needs
- Using their market insight to eliminate properties that may seem appealing but don’t offer good value or future growth potential
- Filtering through available properties and removing listings that don’t meet your key requirements, ensuring you only view those with genuine potential
2. A buyer’s agent can help you negotiate
More listings typically mean less competition, which can put downward pressure on prices. A buyer’s agent can help you secure a better deal by:
- Conducting thorough market research to determine a property’s true value, and using this information to argue for a fair price
- Gauging a seller’s motivations, such as a need for a quick sale
- Ensuring you negotiate based on facts rather than impulse
Having the personalised guidance of a buyer’s agent can ensure you make informed decisions, as well as save you time and, possibly, money.