Why Use A Property Search Consultant?
Buying a property can be a financially hazardous undertaking.
Not only do you face the risks associated with tying up a considerable chunk of your money in a single asset, but you must also deal with people who aren’t always working in your interest.
Buyers often find themselves losing out in a property transaction, falling victim to incentives that weigh against them.
The underlying problem is this: estate agents work in the interest of the seller, not the buyer.
Estate agents get paid a commission that’s proportional to the final selling price of the house. Thus, the more money they’re able to make their clients, the more money they make themselves.
People who want to purchase a property, therefore, don’t always get impartial advice about the price.
The job of the estate agent (and the seller for that matter) is always to make the property appear more valuable than it really is. Thus, first-time buyers especially can find themselves getting into trouble.
They’re essentially property experts – people who help the buyer determine whether they’re getting a good deal or not. What’s more, their advice is impartial. Unlike estate agents, they give the buyer neutral information about a new house and whether they’ve found a good deal.
Let’s take a more detailed look at why first-time buyers might use a property search agent.
Most buyers (particularly those doing it for the first time), can struggle to determine whether the price of a property reflects the underlying value.
The problem with home prices is that they are unique to each property. No two houses or apartments are ever the same.
Even homes on the same street can vary in price considerably, depending on their condition.
Thus you can’t always compare one property to another and come up with a fair value – you often need to consider multiple factors. It’s a challenge.
They Help You Determine The Real Value Of a Property
Property search consultants, however, have analytical tools that enable them to come up with accurate estimates of what a property is likely worth today.
These instruments take into consideration factors like the location of the property, the condition of the building, and the layout.
The resulting calculation provides a reliable assessment of the value of the home, enabling buyers to go into negotiations with a definite figure in mind.
They Help You Negotiate A Better Price
Knowing the real value of a property is, when you think about it, essential when you’re dealing with estate agents and their clients. If you don’t have a clear notion of how much a house is worth, then you’re going in blind.
First-time buyers often ask property consultants to negotiate on their behalf. The experience of property agents means that they’re usually able to bring the overall cost of the property down by much more than their fees.
Let’s suppose, for instance, that you’re considering purchasing a property that is on the market for #20,000000 and you hire a property consultant to help you get the best deal possible.
The property consultant might be able to bring the price down by 3 per cent.
Property consultant fees are much less than this, so they pay for themselves automatically.
What the maths reveals is a startling fact: practically all buyers are better off paying a property agent to conduct negotiations for them.
While it might seem like an extra expense, it’s a perfect example of a situation where you need to spend money to make money.
They Cut Down On Search Costs
Another reason people use property search consultants is so that they can cut down on search costs.
Looking for a new property is a time-consuming operation, not only do you have to spend time looking in estate agent windows and browsing property listing websites, but you also have to take time out of your day to visit properties too.
If time means money to you, then this is a problem. Every property you visit entails an opportunity costs where you could be doing something else.
Think about it: if you look around thirty properties in your quest to find a new home, that’s dozens of hours that you could have spent doing something else more productive.
Property agents, therefore, enable busy people to whittle down their search, throwing out properties that don’t meet the mark and shortlisting those that do.
All you do is tell the property consultant what you want, and then they do the hard work visiting properties to make sure that they’re up to scratch.
The Role Of Property Search Consultants
So far, we’ve talked about how property search consultants help with matters directly related to property search and negotiation.
But the role of consultants actually extends well beyond this in most cases.
What’s interesting about property consultants is that they’re not just advisors like, say, an accountant, but instead people who do everything that they can to facilitate the home buying process.
Property consultants can organise all aspects of your property search on your behalf, such as sorting out removals, tradespeople, and even services to look after your children and pets during the move.
Most first time buyers are under the impression that the estate agent is there to help them.
What’s more, this is the impression that estate agents themselves like to create.
The only problem is that it’s not true. The estate agent wants to sell their client’s property to get a commission – that’s the name of the game.
A property search consultant, however, is different. With their expert knowledge, they fight your corner and more than pay for their fees by reducing the sale price of the property.
On top of that, they help to take the hassle out of moving house, freeing you up to use your time more productively.
So, even if you are looking for your first or new home.
Or just looking for a property to invest in.
Use my experience and network to your advantage.
Further Reading
If Sellers Have Agents, Why Can’t Buyers?
First-Time Buyers Using A Property Findera what are you waiting for Talk to Aderonke Akinkuade Ruth about your dream area to get a home or a property to invest in with huge interest.
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+234 8165285664 or Send I'm interested or send a mail
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