Property buyer's agents are a relatively new concept in Australia, but are rapidly gaining popularity – particularly among the busy working professional both local and overseas.
Buyer's agents represent only one party in the real estate transaction – the buyer. Traditional real estate agents (selling agents) represent the interests of the vendor. Buyer's agents do not sell property, but should be licensed real estate agents and professional real estate negotiators.
Mr Peter Kelaher, managing director of PK Property Search & Negotiators,introduced Buyer's Agency to Australia back in 1997 and since then has purchased over 1500 properties Sydney wide. “The services of a buyer's agent are a must for people that just don't have the time to be searching on weekends, and most of all need help through what can be a property minefield at times.
Buyer's agents take a brief of a client's requirements, then search for and recommend suitable properties. They have access to many properties both on and off the market, and in most cases should be able to negotiate more than the fee they charge you.
Buyer's agents are experts at bidding on the buyer's behalf at auction and should be able to negotiate terms and conditions that suit the buyer not the seller. Kelaher says that the property market is really starting to gain some momentum now interest rates are at an all-time low and recommends that people looking to buy should buy now.
I really do believe we will have capital gains of around 5 to 7 % in Sydney this year and I really do urge people if they can afford it to take the leap of faith now.
Should you need any more information on Pk Property Search & Negotiators Please call Peter Kelaher Director at Pk Property on 0419-200018.