In Benefits of a Buyer Agent, Buying Property, Research & Surveys

Everyone who buys a house has a different story, but there are some common threads about their needs and wants

People who engage a buyers agent are generally careful, thoughtful and deliberate in the way they go about the – for most – very large transaction of buying a piece of property. Perhaps more so than many consumers of standard real estate services.

survey of buyers agent clients

A recent survey among clients of buyers agents produced answers that may or may not apply across the board. Nevertheless, some may find these stats interesting…

Buyers agent clients reported benefits like:

Helped them narrow their search
15%
Helped them expand their search
21%
Provided useful lender info
21%
Shortened the search time
29%
Negotiated a better price
34%
Better list of service-providers
43%
Better contract terms and conditions
44%
Better knowledge of the search area
44%
Pointed out unnoticed property defects
53%
Helped them understand the process
59%

In the matter of client satisfaction, responses included:

Honesty and integrity
87%
Knowledge and expertise
87%
Market knowledge
86%
People skills
84%
Responsiveness
83%
Communication skills
82%
Local area knowledge
82%
Technology skills
77%
Negotiation skills
73%

Buyer Agents who specialise in working only with buyers, were valued more by respondents because:

  • There’s no agency conflict because the buyer’s agent never represents the seller, or the seller’s agent;
  • For similar reasons, there’s no confusion about representation;
  • They have specialised training and expertise, and a clear focus on the buyer’s best interests.
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