Why First Home Buyers Are Turning to Buyer's Agents

The journey to owning your first home is as daunting as it is exciting.

For many buyers, the path is riddled with obstacles like understanding complex legal terms & requirements, bidding in high-stakes auctions, and evaluating the competitive real estate market to avoid overpaying.

This is why an increasing number of first home buyers are seeking professional help and representation. At Webb & Co. Buyers Agency, a sizeable 30% of our purchases this year have been for first-home buyers, who are increasingly finding value in having an expert buyers agents guide them through the complexities of the Sydney real estate market.

1. Understanding the Complexity of Home Buying

Buying a home involves more than just finding a property that ticks the boxes. The process requires an understanding of the nuances of real estate transactions, including legal processes, high-stakes negotiations, and financial dealings. First home buyers often are unfamiliar with the depth of due diligence required, from strata / building & pest reports, to finalising mortgage details. As local buyer's agents, we have extensive contacts with trusted third party builders, solicitors and strata inspectors, giving our clients the confidence that they have best team in their corner to help them navigate the complexities of a property transaction.

2. Expertise in Negotiation

The art of negotiation is pivotal in securing a home at the best possible price. Our team's negotiation skills have been honed by years of experience and deep local market knowledge. In a recent purchase for first home buyers, our team were able to save our client $150,000 on what he was willing and prepared to pay for his first home, ensuring he was putting his best foot forward when entering the market.

3. Saving Significant Time

In a market where prices are constantly growing, time saved is an invaluable asset. Delaying a purchase can result in being priced out of your desired location. Our clients benefit from our efficient and streamlined approach to finding and securing property, which significantly cuts down the search time by pinpointing the right properties swiftly.

A case in point is a young couple from Wollstonecraft who had been on the market hunt for nine months and missed out on three properties at auctions. Within just four weeks of engaging with our team, we helped them purchase a property that was not only under market value but also surpassed their expectations in terms of spec. Our clients first saw the property at 9am and fell in love with the home, which had an active offer on the table. Through completing swift but comprehensive due diligence, our team was able to exchange on the home by 6:00pm that night.

Choosing a buyer's agent when purchasing your first home can transform a potentially overwhelming process into an enjoyable journey. Stepping into your first home should be a milestone marked with joy and satisfaction, not stress and uncertainty.

It's my goal to help buyers make that first crucial step with confidence.