What a buyer’s agent can offer an investor

Ms Simpson uses a buyer’s agent, defined by realestate.com.au as “licensed professionals that specialise in searching, evaluating and negotiating the purchase of property on behalf of the buyer” for her investments because it allows for her to manage her time better, while also relying on an expert opinion.

“The main reason [of using a buyer’s agent] was so that we don’t have to go out there and look at the property, because sometimes we don’t have a lot of time to go and see them,” she said.

“One of the other reasons we went through a buyer’s agent is because some of them get off-market properties that don’t go online to Domain or realestate.com. They’ve got the knowledge, they’ve got the contacts within the industry, it makes it easier.

“Would I have found that property if I was looking online? Maybe, because it was actually advertised on Domain, whereas other properties that they might put forward in the future may not be.”

Despite having a cost attached of approximately $10,000, Ms Simpson believes it is very much worth getting a buyer’s agent to help investors out. She was initially put off by the fee, but was going “mad” trying to find a place.

“The fee was the main driver that stopped us from doing it, even though we didn’t realise at the time how hard it was,” she said.

“But then, the extra $10,000 or whatever you pay as a buyer’s agent fee, long term, all that time that goes into trying to find somewhere, you just think I should’ve just hit the bullet and got it done.”