The Elephant in the Room
The property podcast for the thinking person.

Episodes

Episode 336: Red Flags You Must Know Before Hiring a Buyer’s Agent

How can you distinguish the trustworthy buyer’s agents from the rest in a market flooded with options? With so many buyer’s agents vying for your attention, it's easy to fall prey to misleading promises and hidden agendas.

In this episode, we delve deep into the world of buyer’s agents, uncovering the essential red flags every prospective property buyer should be aware of before making that crucial hire. With the real estate market booming and buyer’s agents popping up left and right, it’s more important than ever to discern who can truly save you money and secure the best property assets.

If you're looking to buy a property but feel overwhelmed by the sheer number of buyer’s agents out there, this episode's for you. Tune in to uncover the red flags every property buyer must know before selecting and hiring a buyer's agent.

Episode Highlights:

00:00 - Introduction

03:49 - Why should clients be more careful in selecting a buyer’s agent today?

06:56 - How regulatory disparities impact the credibility of financial advisors and buyer's agents

13:43 - What challenges arise in managing relationships between clients and buyer's agents?

19:14 - Why you need to be cautious in engaging buyer's agents for property investment

23:40 - Understanding the true value proposition of buyer's agents in property transactions

29:24 - What should clients know before engaging buyer's agents for off-market transactions?

35:31 - Why inexperienced buyer’s agents should be treated like first home buyers

37:48 - What are the crucial factors to consider when choosing a buyer's agent?

40:19 - The importance of local market knowledge in property valuation

42:50 - What's the true cost of being a buyer's agent?

46:00 - The pitfalls of rose-colored glasses when it comes to property investment

49:25 - Qualities to look for in a buyer's agent for an advantageous home purchase

53:18 - Final words of advice for those in search of an effective buyer’s agent

Resources:

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Chris Bates