Spending time carefully selecting a buyer’s agent, will lead to a better outcome and will help you to avoid investing in the wrong type of property, become emotionally involved with the process or buy at the wrong price and wrong location.

Here are 3 different types of Buyer’s Agents to avoid:

• Out of Area Buyer’s Agents

Getting a Buyer’s Agent who is not from the local area is tricky. An outsider to the area is not privy to local secrets that give forward-thinking investors the edge.

• Junior Agents filling in for a Buyer’s Agent

Traditionally, Real Estate agents give emphasis to the seller therefore Buyer’s Agents are not working for you. Some Agencies will have junior Agents at Open Houses and the objective is to drive up the selling price by creating competition, either through private treaty or auction. A genuine Buyer’s Agent has access to every property on the market, including properties off market.

• Buyers Agents with a stock list from Developers.

Developers engage sellers to sell off-the-plan stock. Often this is disguised as investment advice. Their advice is compromised as it is skewed to promote what they are trying to sell and generally, it is the investor who will lose out financially.

Word of mouth is a great way to track down an agent with a solid reputation and make sure they work in the areas that you are looking to buy in.

Ask your prospective agent if they accept commissions from developers and vendors as it is important to know if they are not only acting in your interests.

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