The Role of a Buyers Agent

Buyers agents 10 years ago were almost unheard of but now as market changes and the way the property is bought and sold evolves, entrusting a buyers agent for your purchase can be one the best decisions you’ve ever made.  Here is an overview of the role of a Buyers Agent.

What is a buyers agent?

A buyers agent or advocate is the exact opposite of a real estate agent. Whilst real estate agents can be helpful in guiding you how to buy properties, make no mistake the vendor or the home owner pays their fee so they are legally bound to act in the home owners best interests. This is the same for buyers agents, we are there to help you make the best decisions around your purchase whether thats owner occupied or investment. Buyers agents insure you don’t get fleeced of your hard earned dollars and can strategically put you in the best position to secure the right home for the right price. Buyer agents typically have access to stock that general public may not have seen just yet which can improve your chances of finding the one!

So how does it work? - service offering 

Depending on your needs a buyers agent has a suite of products to suit each client. Some clients may need help with everything from start to finish.This begins at sourcing both on market and pre market properties inspecting them on your behalf and creating a shortlist for your approval. A buyers agent will help with all due diligence, pest and building reports, bid at auction on your behalf and negotiate the best price.

Some buyers  may only need help with very little maybe they’ve already  found the property of their dreams and just want an expert Negotiator Other services include a general property appraisal and help with selecting a selling agent. 

 The right buyers agent can work around you and your needs. 

Who do we help? Do I need a buyers agent?

Not everyone needs a buyers agent. Although, think of it like this:
Have you heard the saying “it takes 10,000 hours to truly master anything.“
For what could be one of the biggest transactions of your life most people don’t have 10,000 hours to research, inspect homes, learn how to negotiate, build relationships with agents in the area, work our rental yields, comparable sales and months familiarising yourself with the area. Buyers agents are involved in the market everyday and their knowledge and skillset is invaluable.

How much is this going to cost me? 

The majority of buyers agents fee’s are paid on success just like a real estate agent. Typically there’s a small retainer paid up front to engage their services and the rest is paid once you have purchased. 

Most buyers agents charge either a flat fee or a percentage of the sale price dependant on the situation.

Buying a home or investment can actually be fun if you have the right team around you.

Stress less..

Buywithjack