Sydney is one of Australia’s best real estate markets, as it offers a wide range of properties. It doesn’t hurt that the city ranks consistently high in quality of life. But when searching for a property to buy, it may just come down to the buyer’s agent Sydney has to offer.
A buyer’s agent is a real estate agent that specializes in finding and vetting properties for you. Sure, there are online platforms where you can search for properties sitting on your sofa, but to find the best deal, you’ll need to enlist the service of a buyer’s agent.
With Sydney being a major attraction for real estate investors at home and abroad, the city has many buyer’s agents at your disposal, which only makes things more confusing. It’s incredibly important to have an agent on your side who understands your needs and maintains a professional yet friendly working relationship.
But first, let’s discuss why you should consider buying a property in Sydney.
Why Invest in Real Estate in Sydney?
The Sydney property market often follows nationwide trends. However, in general, real estate in Harbour City is always in demand for a variety of reasons. Whether you’re a first home buyer or a professional investor, buying a property in Sydney is a step in the right direction.
As real estate in Australia is generally a safe investment, especially when compared with stocks or futures, your property in Sydney will likely gain considerable value over the years. Even if you’re considering buying a property for immediate returns, rental income in Sydney can be pretty high, especially considering the rental increases in recent years.
The property market in Australia, including Sydney, is cooling down after the unprecedented boom during the Covid-19 pandemic. However, it’s expected to pick up again later in the year, so it may be a good idea to invest in property right now.
The metropolis has a diverse population with some of the best restaurants, parks, schools, and universities. It attracts people far and wide, showing that property will remain in high demand as the city’s population grows.
So by all accounts, it’s a wise choice to invest in Sydney’s real estate market.
5 Tips to Find the Best Buyer’s Agent in Sydney
Your first step to buying a property in Sydney is finding a buyer’s agent. As a buyer, this agent will work for you, collaborate with selling agents in Sydney, and even help invest in off-market properties.
Here are some tips to help you find an ideal buyer’s agent by DDP Property
Know what you want and set the right expectations
A buyer’s agent can only be helpful if they understand what you want, and that’s only if you know what you want. So, before you look for a buyer’s agent to look for properties in Sydney, sit down, take a pen and paper, and note down what you want and your goals. Writing them down won’t just help you but also your agent.
Of course, the primary consideration is the type of property you want to buy and your budget. But there are many other things you need to ask yourself.
- Do you want a property in a specific area or neighbourhood?
- Are you going to live on the property, or will you rent it?
- How long do you plan to hold the property?
- Are you going to take out a loan for it?
- Do you have specific requirements like size, number of bedrooms, flooring, parking, etc.?
Don’t limit yourself to the big names
A buyer’s agent may be representing big agencies or may work independently. There are all types of real estate brokerage firms in Sydney, from large corporate-style companies to small family-run businesses.
A quick search online will give you many options, largely from big agencies. While these agents have extensive experience, you shouldn’t cast out other choices.
At the end of the day, you want someone you can click with. That can be someone who is very popular in the real estate market or focuses on a particular area or type of property.
Consult with multiple agents to get a feel for whether they make a good match for your expectations.
Look for someone with access to off-market properties
This is important, especially for investors, as off-market properties can be a great investment strategy. Experienced and well-connected buyers agents can get you first dibs on a property before it’s even listed.
If there’s a specific property you’re eyeing that’s not on the market, such an agent may be able to get your offer in and work for you to get it. This is because buyer’s agents also work with seller’s agents and can find out which properties are about to go on sale before they go on the market.
Ask questions
When consulting with a buyer’s agent, don’t be afraid to ask questions, even those that you may feel are too basic or unimportant. A good buyer’s agent should be able to answer all your questions with clarity and walk you through the process of buying a property.
On the contrary, if a buyer’s agent doesn’t answer your questions with much clarity or takes too long to get back to you, they are probably not the best choice. So consider this a test to see who fares better!
Compare fees but also values
You would want to save money by opting for an agent with the lowest fees, which is understandable. However, also compare their values when comparing their fee. Ask them why they do what they do and what they value most when looking for properties.
Someone who shares the same values as you is perhaps the best pick. For instance, someone who sees a home as a home and not just an investment is the right choice for a first-time home buyer.