Buyer Madness

This whole house-hunting campaign is getting to be a bit of drain. Not so much on my spirits; more just on my time. There are only so many spare hours in a day for filling in processing forms, hassling real estate agents for information, and waiting on hold for some bureaucrat in a council planning office to answer the phone.

Josephine’s sister suggested a while back that we try hiring a buyers advocate, but it sounded like an unnecessary extra cost and, besides, we didn’t really understand what the point was. I’m starting to get it now, though. They basically take on all of this administrative work on your behalf, plus have access to information and expertise that we simply don’t have.

I suppose my remaining reservations concern the question of whether property buyers advocacy, in Melbourne at least, is something that’s reserved for really big-ticket purchasers. What we’re on the hunt for is relatively modest, and I assume that these advocates get paid a percentage of the negotiated sale price. So I don’t know if we’d represent an ideal client for them.

Still, I don’t see why it would hurt to look into the situation. It would be so great to have someone on our side to help us refine our brief in light of the realities of Melbourne’s property market, especially if they have access to off-market and ‘quiet’ sales that we might never know about otherwise. Assistance with property assessments, sound architectural advice and all that jazz wouldn’t go astray either.

Auctions, in particular, scare the pants off me. If I’m going to work up the confidence to get somewhere along that avenue, I desperately need advice on how to approach it strategically. Why on earth don’t they teach this in school? Aside from planning for all manner of possible auction scenarios, there’s also the additional intricacies of managing and negotiating off-market, private and EOI situations. It’s enough to make me want to throw up my hands and quit!

 

Alright, that’s it. I’m off to track down a professional.