New Zealand's property market has been experiencing a surge in interest from overseas buyers, driven by our reputation as a safe and stable destination. As more international buyers look to invest in New Zealand real estate, the role of buyer's agents becomes increasingly important.

Who are Buyer's Agents?

In New Zealand, the real estate market is dominated by vendor agents who represent the seller's interests. However, buyer's agents, who exclusively represent the buyer, are underrepresented, yet they bring immense value and insight to the table.

Buyer's agents specialise in guiding buyers through the complexities of the property market. They offer a range of services that can be particularly beneficial for overseas buyers (subject to compliance with Overseas Investment Act and such, of course (more on that here)) as well as first home buyers unfamiliar with the property market, buyers tight on time, or those looking for high-value properties (or any combination of the above). 

“Why Use a Buyer’s Agent?” - one would ask, then add: “I already spend so much on building inspector, on legal fees, Council’s fees for LIM, plus time, sweat and stress of dealing with lawyers, agents, vendors, more agents…”. Well, look no further:

• Local Expertise: Buyer’s agents have in-depth knowledge of the property market, including school zones, community developments, and more. Their expertise ensures that, as a buyer, you make informed decisions based on comprehensive market insights and are not necessarily reliant on vendors’ agents.
• Time and Money Savings: Navigating a property market can be time-consuming and costly. We have all worked with clients who have considered & looked into multiple properties, with whom we have done property reviews that are costly, sometimes urgent, and always demanding. Buyer's agents streamline the process by conducting thorough due diligence, negotiating on behalf of the buyer, and ensuring that the buyer gets the best possible deal (emphasis on the buyer).
• Access to More Properties: We all had clients that, wanting to do the right thing, ordered LIMs, paid for titles, and had building inspections done every single time, only to not get the property whether at auction or through multi-offer. Cost and time aside, if this is your 3rd or 5th property, clients’ frustration is inevitable. Buyer’s agents have access to a wide range of properties, particularly off-market. This gives buyers more options and a better chance of finding their ideal home.
• Stress Reduction: Buying a property, whether your family home or investment property, is stressful, especially for someone who may not be familiar with the market and the many variables involved (think access to public transport, proximity to friends and family, commute times, local amenities, and future development plans). Buyer's agents handle all the details, from property inspections to signed contracts and beyond, making the process smoother and less stressful.
• Personalised Service: Buyer’s agents take the time to understand each buyer's unique needs and preferences. They provide tailored advice and support, ensuring that buyers find a property that meets their specific requirements and is not bought out of desperation.

There is no such thing as a free lunch, as the English saying goes. Buyer’s agents do take a fee for their marvelous services and, if you were to pay extra, you may as well work with the best.  Martelli & Co. stand out for their commitment to the buyer's best interests. They act as trusted partners, leveraging their industry expertise to identify properties that align with the buyer's needs and desires. Their meticulous approach to managing details, handling negotiations, and providing essential insights ensures a streamlined and stress-free experience for buyers.

In a market where vendor agents are plentiful, the personalised and dedicated service offered by buyer's agents like Martelli & Co. is invaluable. As the property market comes alive from the slump of the last few years, the role of buyer's agents will only become more crucial.