The COVID-19 Pandemic has indeed caused a lot of uncertainty this 2020. Even a buyer’s agent in Sydney will tell you that the property market is not in its best state. The Sydney Morning Herald even reports that “values had likely fallen by as much as 5 to 10 percent since April”. With stimulus packages being planned and mortgage payments being deferred temporarily, the real estate industry is facing a lot of unpredictability. For potential buyers and investors like you, this can be quite worrisome. Investments are put on hold and big plans are moved to a later date.
But that does not mean you can’t make this “wait time” productive. In fact, this is a good time to get a Sydney buyer’s agent to help you assess the current real estate landscape and secure good property investments. Here are some great things buyer’s agents can do for you during this pandemic.
Get valuable property intel
Now we’re all familiar with listing agents, right? They are the ones who represent the sellers. But how about for the buyers? That’s where buyers’ agents come in. They represent you and put your interests first. While listing agents provide you all the wonderful bits on the property they are selling, buyers agents verify that information and do their own research for you. If you’re looking for a property in Botany, for example, you can hire the services of a buyer’s agent in Eastern Suburbs so you can get more information about the area including critical data on safety, security, profitability, and more. You don’t even have to visit the area and you can be anywhere in the world as they do the legwork for you.
Find other viable options
If you’re an investor or an aspiring homeowner, you usually zoom on specific properties you’ve probably been eyeing for years. But let’s say that due to the pandemic, that specific property value has gone down or is no longer a viable option for your business. What do you do now? This is another good reason to get a buyer’s agent in Sydney. Again, we’re faced with very uncertain times. And the good thing about a buyer’s agent is that he or she can look into the situation and offer reasonable alternatives for you. Their first-hand knowledge of the location is a great asset that you can tap into so you can stay on track with your plans.
Strike a favorable deal
The biggest plus of having a buyer’s agent in Sydney on your side is the benefit of brokering a deal that is favorable to you. Typically, real estate agents broker deals that are in favor of the seller. But with a buyer’s agent, your interests are well represented and you do not have to worry about overpaying for a property. They also provide sound advice when you feel so eager to purchase a property. They also help you temper expectations while ensuring you get the best out of every deal made. This is perhaps the most important value a buyer’s agent can bring to the table during this pandemic.