The new sensation in purchasing real estate is to get someone else to do it all for you.
Over 85% of people in the USA use Buyer's Agents to do all their searching, negotiating and bidding at auction.
Most of my regular readers of this column would know by now that I am Managing Director of the largest Buyer's Agency in Sydney called PK Property Search & Negotiators.
Just on six years ago now I introduced Buyer's agency to the Sydney marketplace, and have found that in this busy life that we lead, a Buyer's agent can save you a lot of unnecessary running around. Your Buyer's agent should be someone that has no less than five years experience on the selling side of real estate, as he or she needs to know the tricks of the trade on the other side, before they can negotiate at a high level for you.
They should be a licensed real estate agent, have professional indemnity insurance, be a member of the Real Estate Institute Of NSW and have a proven track record in the field of Buyer's agency.
A Buyer's agent should be able to save you more than what they charge you, which is about 1.8% of the purchase price.
With so little time on a weekend most people are flat out seeing five properties, where a good Buyer's agent will be able to target in the vicinity of sixteen to twenty.