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Learn the Pros and Cons of a Property Buyers Agent

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Byron Property Search

Go find a way to get out of the property market and into those elusive ocean breezes. It's the dream scenario for many a newcomer, but it can seem especially daunting if you don’t know what you’re doing. You need an agent that knows how to navigate, right? This post will explain how buying isn't always so practical and why you might want to consider a property buyers agent instead.


1. You don’t have the cash upfront.


Before you can even dream of buying property, you need to line up a deposit. And if you don't have that, you need to sell the house and get that money in your account before you can even think about buying. Unless there's a really good reason why you don't have that cash in hand, your first step should be to find an agent who will help with the deposit. You are going to struggle without their help!


2. You don’t know what you're doing.


Buying property can be more complicated than it looks. To be successful, you need to understand things like stamp duty and how lender's mortgage insurance works. Even if you are an experienced investor, understanding the way all of these things fit together may seem daunting. There is a lot going on behind the scenes, and it can be very overwhelming if you don't have some help understanding it all.


3. Your bank won't let you borrow.


If you fall into the category of buyers that need help with a deposit and a first time buyer's mortgage, your only hope is to find an agent that will help you get through the finance process. You may be passionate about saving money on property prices, but without a buyer's agent, it is likely you will end up paying more in fees than what you would normally pay by yourself.

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