Zaki Ameer of DDP Property Releases Comparative Analysis of US and Australian Buyers Agent Real Estate Markets

Zaki Ameer, Founder of DDP Property ● Photo Credit: DDP Property

SYDNEY, July 20, 2024 (VSNewsNetwork.com) - Zaki Ameer, Founder of DDP Property, has released a comparative analysis highlighting the differences between the buyers agent real estate markets in the United States and Australia. According to Ameer, the role of buyer agents in real estate transactions is essential, providing expertise, negotiation skills, and an unbiased perspective for buyers. While the concept is well-established in the United States, it is less prevalent in Australia, which suggests the need for reforms in the Australian real estate market to better serve consumers.

In the United States, buyer agents are a standard component of real estate transactions. They represent the buyer's interests, ensuring that they secure the best possible deal. According to the National Association of Realtors (NAR), there are over 1.5 million real estate agents in the U.S., with a significant portion working as buyers agents. This widespread availability offers several advantages. Buyers agents have in-depth knowledge of local markets, helping clients navigate the complexities of property purchasing. They possess strong negotiation skills, often securing better deals and terms for clients. Additionally, buyers agents handle finding and vetting properties, saving buyers considerable time and effort. Furthermore, buyers agents provide unbiased advice as they do not have a vested interest in selling a particular property.

In contrast, Australia has a relatively low number of buyers agents. "While the exact number is hard to pinpoint, it is clear that the role is not as entrenched in the real estate market as it is in the United States," said Ameer. Several factors contribute to this situation. Many Australian buyers are unaware of the existence or benefits of buyers agents. The additional cost of hiring a buyers agent can deter potential clients, even though the long-term savings and advantages often outweigh the initial expense. Additionally, the Australian real estate market is more seller-centric, with most agents working to secure the best deal for sellers.

For more information, visit www.ddpproperty.com.

Source: DDP Property via Newswire