It’s Exhausting being a Buyer

By Jeremy Stewart

Right now in the Real Estate Industry,  we are coming across a lot of buyers that are searching for property. Often, these buyers have been searching for some time. Although you don’t wake up one morning and say “Let’s move to Albany”, it truly is really being a buyer and it takes a lot of time, energy and patience.

 

In today’s market, there are limited listings – so when something new comes to market, you aare already competing with a large pool of buyers  and it can be a frustrating process. The endless email enquiries, text messages, phone calls and different agents as well, it can be overwhelming and cause a lot of frustration.

 

So, what can you do to help ease the process and make things a bit easier?  Here’s my top tips.

 

  • Pre-register you detail with an agent of choice (of what you’re looking for, preferred suburbs and any specifics. More info the better. Did you know any agent can show you all listed properties no matter the listing agent? This is called a conjunctional.
  • Be realistic – Real estate agents are busy people and often complete a multiple of roles in the community or have families. If you make contact and provide as much information as you can – a diligent agent will get back to you within 24 hours or sooner, don’t panic if you don’t hear from your agent immediately.
  • Notice –When you are looking to view a property, try and give as much notice as possible – it is very unlikely we will be able to show you the property on the day of your enquiry, but we can certainly schedule one for the coming days. This is because some properties are tenanted, and they require 72 hours’ notice in writing. Owners like to present the property the best and may need to make arrangements for them & their family.
  • Budget – Be sure to have your finances in order before you start seeking a property to purchase, having a pre-approval is advised if you’re getting finance and have your broker/bank contact details ready to go.
  • Entity – When making an offer have your entity and information ready to go. Making an offer and then changing the buyer’s name later may attract double stamp duty and no one wants that (other than the government )
  • Patience – Don’t panic and put unrealistic timeframes on yourself. If you must travel to inspect a property, give yourself time. Explain that you’re travelling so that the agent can explain to the seller. Most sellers are reasonable when waiting for inspection confirmations.

 

Overall, buying a property isn’t something you do every day (actually most people only do it on average 7 times in their lifetime ) so try to enjoy the process, take a deep breath and remember that there is a property out there for you and it will come up when it’s meant too. If you’d like to learn more about the buying process or would like to pre-register your details, reach out to myself or my team at Merrifield Real Estate who would love to help.