There are many professionals you will meet in the process of buying your property. One that is worth their weight in gold and can make a huge difference to your first home buying journey is a buyer’s advocate.
Buyer’s advocates can save you money as a first home buyer in a number of ways.
First and foremost, buyer’s advocates often have access to properties that aren’t readily available for sale to the public. This is through their network of real estate agents and even vendors themselves. In a hot market, the one way to get a competitive edge and save money is by eliminating competition. Sometimes a vendor will feel out the market without actually launching a full sales campaign, and often deals can be done before the property even hits real estate websites. This can save you substantial amounts of money by avoiding competition among other buyers.
Secondly, in Victoria, a vast number of properties are sold by auction. What this means is your love of the property is abundantly clear to everyone else who wants it – and vice versa. Auctions pits one buyer against another, which often drives the price higher and higher, and let me tell you, auctions get stressful. The heat and pace of the bidding environment is incredibly complex, but an experienced buyer’s advocate can bid for you to secure your property with emotion-free ease.
When we’re buying properties for ourselves, especially as first time buyers, we attach a lot of emotion to the process. Instead of looking for structural integrity, good floor plans and capital growth potential, our minds get clouded with ideas of what a dinner party could look like in the kitchen or where you’d place your perfect velvet green couch with gold frame and how dreamy the bathroom lighting would look for an outfit of the day snap.
An advocate can help you ascertain how much is reasonable to pay for a property, and explore the financial impact of overpaying to help you make an informed choice that balances financial smarts with your own lifestyle goals.
Above all else, a buyer’s advocate will save you time. We are here to do the nitty gritty work for you. Searching for properties, call the agents, organising inspections, contract checks with your solicitor, you name it!
Looking to buy your first home in Melbourne? Ask about our First Home Buyer Advocacy service, where we provide you with trusted impartial advice and WE MAKE IT EASY to protect your interests throughout the entire buying process.
To book a free 30-minute consultation, simply click here and choose a time convenient to you. Alternatively, give me a call on 03 9686 2288 to discuss how I can help.
