30 Jul Engaging a Buyers’ Agent – How Parents Can Help Their First-Home Buyer Children

In today’s competitive Sydney property market, many first-home buyers find themselves in a difficult position. Their dream of owning a home is often hindered by soaring prices, inaccurate property valuations, and fierce competition. For parents wanting to help their kids without simply handing over cash, engaging a buyers’ agent is a strategic and effective solution.

The Challenge of Entering Sydney’s Property Market

Sydney’s property market is notorious for its competitiveness, especially among first-home buyers. Properties in desirable locations attract multiple offers, often resulting in bidding wars that drive prices beyond initial expectations. This can lead to frustration and missed opportunities for buyers who are navigating the market independently.

How Parents Can Help 

Parents can play a key role in helping their children enter the property market through the engagement of a buyers’ agent. This strategic investment allows first-home buyers to make informed decisions backed by professional expertise, ensuring they secure the right property in the right location at the right price. In addition, there are major changes to property planning zones across Sydney, so it is vital to be informed of these changes. Engaging a Buyers’ Agent also means they can enter the market in a timely manner. With property prices continuing to climb, buying affordability is reduced the longer one is out of the property market.

Navigating Sydney’s property market as a first-home buyer is challenging, but not insurmountable. By using the services of a specialist buyers’ agent, parents’ future proof their child’s investment without directly financing their property purchase. This approach allows first-home buyers and inexperienced buyers to make a well informed decision and get into the property market, laying the groundwork for future property investments.

We recently assisted a First-Home Buyer to enter the Sydney property market and we share their successful property journey with us below.

Case Study: First-Home Buyer

How Premier Home Finders Buyers’ Agents Help

• Accurate Pricing: Buyers’ agents have access to the latest property market data and insights, enabling them to assess property values accurately. This helps buyers avoid overpaying or missing out due to underestimations.
• Access to Properties: Beyond what’s listed publicly, we have access to off-market properties through our extensive networks. These are unique opportunities that are not available to the broader public.
• Navigating Competition: In Sydney’s competitive market, having a buyers’ agent provides a competitive edge. Our astute negotiation skills and purchasing strategies ensure we secure our clients properties for the best possible price. 
• Long-Term Strategy: We consider both a clients’ immediate needs with a property purchase and the long-term investment potential of a property. This includes assessing resale value and potential for capital growth – crucial considerations for all buyers but  particularly first-time buyers.

To see our full list of services and how we can help, click here.

For parents considering how best to support their children’s property goals, engaging a buyers agent can be the right solution. Contact us for an obligation-free conversation to see how we can help.