More and more people are deciding to engage expert help from buyers agents when it comes to buying real estate. It certainly makes sense since property is one of the most complex and expensive things most people will ever buy. It’s inevitable then that increasing numbers of property buyers are trying to work out how to find a good buyers agent.
In order to get the most out of any professional relationship, there needs to be mutual respect and a good flow of information. As a buyers agent we need a selling agent to regard us highly enough to let us know of off-market and future listings. We want them to be prepared to negotiate with us and, if possible, give us an edge over unrepresented buyers. On the other side of the coin, selling agents often know which buyers agents are savvy in their property selection and which ones are tough negotiators versus those that give their client’s money away. To sum it up, sales agents know how to find a good buyers agent!
I encourage you to speak to the selling agents who are active in the area in which you would like to buy. Usually they are happy to pass on their opinion of the buyers agents they have encountered.
Some questions you might like to ask are:
- Do you find many buyers agents operating in your area?
- Who do you come across a lot?
- What do you think about the sort of property they go for?
- What do you think about the price they pay?
- Would you recommend them?
We also recommend that you quiz any buyers agent you are considering and ask to speak to some of their past clients. This is how to find a good buyers agent.
Here are a couple of questionnaires that will help:
A word of warning – while sales agents may be a very good source on intel on local buyers agents, keep an ear out for signs of bias. Some sales agents will only recommend buyers agents who pay them a referral fee. Some think that “being tenacious” is a good trait because that’s something they value in a sales agent. However, that can be dangerous, as a good buyers agent will advise their client when NOT to buy a property. Let’s face it, sales agent’s aren’t too keen on that!
First published:- 23 Sept, 2015, updated May 2022
DISCLAIMER: Good Deeds buyers tips are intended to be of a general nature. Please contact us for advice that is specific to your individual circumstances. You may also need to get advice from other professionals such as an accountant, mortgage broker, financial planner or solicitor.