Using a Buyer's Agents to sell your home

The vast majority of Australians who sell their home use a real estate agent to represent their interests. However, only a fraction of buyers have their own representative.

What is a Buyer's Agent?

A buyer’s agent, also known as a buyer’s advocate, is a real estate professional who is hired by the buyer with responsibility to represent their best interests.?Although many real estate agents provide helpful advice to buyers and may have staff who specifically work with the buyer, a buyer's agent is a separate agency from this.

Buyer’s agents help clients with some or all of these tasks:

• Identifying suitable locations (this is particularly relevant for investor clients).
• Shortlisting properties based on the client’s criteria.
• Inspecting properties.
• Negotiating with real estate agents.
• Bidding at auctions.
• Guiding the client through the buying process.
• Recommending related professionals (such as conveyancers and property managers).

Anyone buying a property can use a Buyer's Agent!

Buyer’s agents are primarily used by both owner-occupiers and investors and help buyers identify a suitable location for their prospective purchase, spotting any flaws in shortlisted properties and negotiating successfully with real estate agents.

Can't I just search for a property myself?

Of course! However, although some people searching for properties may have the tools to do this themselves, they often have more time than the average consumer. This can be an asset when working a quick moving and in-demand housing market, as well as providing access to potential relationships with real estate agents that may grant buyers access to off-market properties.

What are the costs for using a Buyer's Agent?

Buyer's Agents generally charge either a flat fee or a percentage of the purchase price (or a combination of the two).Depending on a buyer’s budget, schedule and level of property knowledge, they might decide that it’s better to handle the research, due diligence and negotiating themselves, rather than employ a buyer’s agent. Alternatively, the buyer might decide that the value of a buyer’s agent exceeds their cost. The choice is very much down to the individual!

Partner With a Mortgage Broker Through Our Referral Program!

If you're a Buyer's Agent, have you considered partnering with a local broker service? Our exclusive referral scheme offers your clients a streamlined, end-to-end home-buying experience, with professional home loan and investment services to support property purchases. Incentives are available. Contact my team today on: [email protected] to find out more!