The Role of a Newcastle Buyers Agent in the Local Property Market

In the dynamic landscape of the Newcastle property market, securing your ideal property can incredibly challenging. However, with the guidance of a skilled Newcastle Buyers Agent, navigating the complexities of the local real estate landscape can be an enjoyable experience.  

So what role does a Newcastle Buyers Agent play in your property purchase? 

Local Market Advice 

One of the biggest assets to your property search is knowing & understanding the nuances to the Newcastle property market. An experienced Buyers Agent will provide advice on local pricing trends, neighbourhood risk factors such as flood & fire risk, and help you focus on the best locationsyou’re your budget & preferences. 

Property Sourcing & Shortlisting 

Another valuable aspect of the purchasing journey that a Newcastle Buyers Agent can provide is access to, and review of, both on and off-market opportunities. Through their deep network of local connections, a Local Buyers Agent will ensure that you’re finding and reviewing more properties than the average homebuyer. They do this by consistently communicating with their network to hear about properties before they’re listed to the general public. It shouldn’t stop there however. Once your Newcastle Buyers Agent has found a property, the next step is to review & shortlist. This saves you time and energy by discussing only properties that meet your agreed brief. 

Physical Inspections 

Once you’ve reviewed the shortlist, your Local Buyers Agent will inspect the properties on your behalf. This is particularly valuable if you’re struggling to inspect properties yourself, or want an expert eye to pick up things you might have missed. We personally provide detailed video reports for every property we inspect on behalf of our clients so they can feel as though they’ve inspected the property themselves. Best of all, they can watch and re-watch the videos before deciding whether they’d like to invest the time to inspect the property themselves. 

Due Diligence Reporting 

An often overlooked aspect of the purchasing journey, your experienced Newcastle Buyers Agent will complete a comprehensive due diligence process for any properties you decide to pursue. The Buyers Agent should report on both positive and negative factors on the property. Is the property in a flood or bushfire risk zone? What impact could this have on insurance premiums? Is this a good or bad pocket of the suburb? Is the Building & Pest inspector reputable and trustworthy? Is there likely to be high maintenance costs in the future? How do these findings impact our decision to buy? All these questions & more are answered inside the due diligence reporting process that we complete on behalf of our clients, which covers over 60 points & checks. 

Fair Market Value Review 

There’s nothing worse than the feeling of buyer’s remorse after your first offer gets accepted. A skilled Buyers Agent will conduct rigorous market analysis to first understand the fair value of a property before making recommending you make the first offer. This alone can save you tens of thousands of dollars. At Chamberlain Brown, we complete comparative market analysis (CMA) reports for every property before the first offer, so that our client can make informed decisions. 

Negotiating A Better Price 

Last but not least, through their previous experience in negotiating with local real estate agents, your Newcastle Buyers Agent will be well-positioned to negotiate the best price. The first thing your Buyers Agent should do is ask critical questions of the real estate Agent about the vendor’s motivations for selling and other buyer interests. Next, at Chamberlain Brown, we pull this information into a structured negotiation framework based on the fair market value review and recommend a strategy suited to the situation. 

In conclusion, a Newcastle Buyers Agent plays a pivotal role in navigating the changing landscape of the local property market. At Chamberlain Brown Property Acquisitions, we apply a comprehensive approach to our client’s journeys. This starts with setting the brief & shortlisting options, before ending with inspections, due diligence checks and structured negotiations. 

If you’re struggling with the purchasing process, contact us here.