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What is a Buyer’s Agent
Buyer’s Agents are licensed professionals that represent property investors, home buyers,corporate and institutional clients and developers in purchasing, and tenants in renting residential, commercial and industrial properties. Buyer’s Agents specializes in searching, evaluating and negotiating the best possible price on behalf of the buyer/ tenant. They do not sell real estate.
The key difference between a Buyer’s Agent and a traditional Selling Agent is who they represent. A Buyer’s Agent represents the interest of the buyer/ tenant exclusively and search for suitable properties based on their needs.
On the other hand,a Selling Agent typically sell/ let properties for the vendor (seller)/ landlord respectively and market these properties to potential buyers/ tenants.
A professional Buyer’s Agent can provide you with the knowledge you need to make an informed decision about the value of a property without all of the sales “hype” often generated by Selling Agents and glossy brochures.
Buyer’s Agents will also ensure you do not pay too much by providing you with background information about the true value of the property you are considering to buy/ rent, so that you can make an informed choice. If you choose a licensed, professional Buyer’s Agent, the saving you make on your next property purchase could run into tens of millions of dollars, could be less stressful and is likely to take less of your precious time.
Many think that using the services of a Buyer’s Agent is expensive. This is not the case. Buyer’s Agents can save you money, time and stress, whatever your budget. In most cases their fees and commission are competitive (compared to traditional Selling Agents) and provide a whole lot more benefits. In the USA, over 50% of the population use a Buyer’s Agent to assist in the purchasing process. The use of a Buyer’s Agent service is also common in countries such as Australia and Canada.
Buyer’s Agents can give you the upper hand by their understanding of the auction process, bidding tactics and by not being emotionally involved in the auction or negotiation process.
8 key reasons why you should use a Buyer’s Agent
- Gain access to a wider choice of properties (many not even advertised) across all of Hong Kong via the contacts/ network of the Buyer’s Agent.
- Save you time – instead of searching the newspapers and internet every weekend and every night after work, get someone else to do the hard work of short listing suitable properties.
- Use a professional negotiator to obtain the lowest achievable price.
- Eliminate the stress and frustration of being shown inappropriate and unsuitable properties by Selling Agents that do not listen to the buyer’s needs.
- Have a professional Buyer’s Agent on your side to deal with multiple Selling Agents from multiple districts.
- Source the right type of property in locations with good prospects for capital growth.
- Guide you to conduct pre-purchase/ pre-rent due diligence on target properties.
- Referrals to professionals (e.g. banks, lawyers, accountants, architect, surveyors, insurance brokers, immigration consultants) and tradesman (e.g. plumber, electrician) to facilitate a smooth property purchase/ rental.
Contact our multi-lingual team now to get your property search on track. Send us your property wishlist or call us now on (+852) 3518 2532 / (+852) 5182 8895 and we would be delighted to help.
What are the benefits
Save Time: A Buyer’s Agent can shortlist properties faster.
Save Money: We will negotiate the lowest achievable price on your behalf.
Save Stress: Do not let emotions cloud your judgment. Have a professional deal with the Selling Agents.
Silent listings: We can uncover the other 40% of properties sold on the quiet.
Buy right: Location, location, location. Get the facts before you buy. Discover the hot spots.
Buy diligently: Guide you to conduct pre-purchase/pre-rent due diligence on one of your biggest assets/ investments. |