Buying property is a significant decision, and entrusting someone to handle it requires careful consideration. With countless questions to ask a buyer’s agent, it’s crucial to focus on the most important ones to ensure your property purchase is in safe hands. Here are the top 5 questions to ask:
- Are you and your company fully licensed?
- Believe it or not, there are still some dodgy folks out there doing the wrong thing. Buyers Agents need a Real Estate Licence to operate. Ask to see their licence or you can check for yourself online with the Office of Fair Trading
- Are you an exclusive buyer’s agent or do you sell property too?
- It’s crucial to know if your agent works exclusively for buyers or if they have conflicts of interest by selling properties as well. Exclusive buyer’s agents prioritise your interests without potential biases, ensuring a transparent and dedicated service.
- Is your company fully insured?
- Full insurance for a buyer’s agent is expensive, which is why some buyer’s agents avoid having the right amount of cover or don’t have it at all! If the agent does not have the correct insurances or the correct amount of insurance, then you will be left high and dry with nowhere to go if anything were to go wrong. Ask to see their current insurances.
- What is your fee structure?
- Understand the breakdown of fees and payment timelines. Fee structures vary among agents, so it’s essential to find one that aligns with your preferences and financial situation. Clarify when and how much you need to pay to avoid any surprises down the line.
- Why should I use you over another buyer’s agent?
- Differentiate between agents by asking about their unique selling points and what sets them apart from the competition. Look for genuine expertise and value-added services rather than empty promises. Choosing the right buyer’s agent can make all the difference in your property journey.
By asking these critical questions, you can ensure that your property purchase is handled with expertise and integrity. Don’t hesitate to seek clarification and choose a buyer’s agent who instills confidence and prioritizes your needs.
Contact us today here to get started on your buying journey today.
