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What is a Buyers Advocate?

So What is a Buyers Advocate? It is a qualified real estate professional who represents the Buyer in a property transaction. The purpose of a Buyer’s Advocate in a transaction can vary however is typically for the purchase of a residential or commercial owner occupier property or investment property. A Buyers Advocate provides advice based on the specific and personal brief and needs of a Client. Buyer Agents are paid exclusively by the Client and therefore the only interests the Buyer’s Advocate duty lies with is their Clients. Fees charged include an engagement fee, plus a purchase fee which ranges from 1-2% and this fee can either fixed or percentage based on the purchase price.

Experienced Buyers Advocate’s are qualified Real Estate Agents and within Victoria, must have a minimum qualification as an Advocate Representative Certificate, however many are Licenced Estate Agents. Along with minimum qualifications, Buyer Advocate’s are typically members of the REIV (in Victoria) and there are multiple industry bodies for Buyer Advocates such as REBAA (Real Estate Buyers Agents Association of Australia) and PIPA (Property Investment Professionals of Australia) to name a few.

The benefits of utilising a Buyers Advocate’s services vary for an Owner Occupier to an Investor. Investors are expecting to maximise their returns by ensuring they are buying the very best property possible and the best possible price which meets their personal and individual brief, needs and goals. An owner occupier is typically looking to also ensure they are buying the best property for their brief, in addition to saving time inspecting unsuitable properties and then save money during the negotiation or auction bidding.

A Buyers Advocate service can include searching. They are able to present properties which are on market, before market and off market. Their skills and knowledge on the markets they operate within allows them to evaluate property values and predict selling ranges. Lastly, a Buyer Advocate is employed to negotiate with the Vendors Real Estate Agents or Vendors directly to purchase property at the best price and with the most favourable terms and conditions.

How is a Buyer’s Advocate Paid?

Buyer Advocate’s are bound by the same laws as a Real Estate Agent. To operate

What is a buyers advocate introduction video

Melbourne’s Leading Buyer Advocate’s We Can Help You Buy A Home And Save Time And Money Finding The Right Property.

Our buyers advocate team has worked with many different home buyers all over Melbourne who are looking for all types of properties. So whatever your needs may be, we cater for all buyers at every life stage.

Auction Bidding & Negotiation

We make the difference when Auction Bidding and Negotiating to achieve the best outcomes for all our clients. We’re here to “Make A Difference”.

Buy Off Market Properties

We help investor locally and foreign to invest in the Melbourne Property Market.  We aim to optimise the investors yield and property performance over time.

Buy A Home and Save time with our Melbourne buyers advocate team.

The marketplace can be confusing, and is currently overflowing with options. Our experienced team of seasoned Buyers Advocate professionals can help Melbourne residents narrow their selection down, and negotiate to secure the best property for you.

The buzz of buying property is hard to beat, and it’s exciting when you’ve made the decision to finally buy a home. Well done!

A Buyers Advocate who provides you with the necessary tools to meet your goals.

The road ahead can be an emotional rollercoaster. Weeks or even months of searching, missed opportunities, and wasted weekends fuel the frustration and stress that you may experience during the buying process.

If you’re a home buyer, we will explain what’s really happening and ultimately empower you to make the right decision.

Elite Buyer Agents – Buyers Advocate Client Process

Need a Property?

We will listen in detail about your property requirements and goals you are trying to achieve.  After learning about your needs, we create a plan/strategy for your property success.

Search for Properties

Many properties are publicly advertised for sale, many are not. Approximately 25% of the properties that we purchase are Off Market. Our Buyer Agents have extensive Real Estate Networks to give you access to more properties than those simply advertised on the internet.

Research & Value

Once a suitable property has been identified, we will conduct due diligence and an extensive report which includes an appraisal of the property’s market value.  A property negotiation should never commence without this step being completed thoroughly.

Negotiate & Deliver

Our team implements tough negotiation strategies, putting you in the ‘Box Seat’ to secure the property. Whether it’s at Auction, negotiated before Auction or Private Sale, we strive to get you best possible price.

Chris beattie
Kim is a star!! We’ve engaged Elite Buyer Agents twice now and both times we could not have been happier with Kim and her team. They take the time to understand exactly what you’re looking for and nothing is ever a stress or hassle (even when we thought we were being fussy and hard work). The team helped us buy our first apartment 6 years ago and more recently our new family home. Kim takes the stress out of negotiating and buying. She’s always available to offer wise advice and is an absolutely professional. We’ve recommended Kim to family, friends and colleges without hesitation. Source: Google Review

Chris Beattie

dev
Kim, Sophie & Elyssa, I cant thank you'll enough for the commitment and the sincerity you've shown towards our requirements. Your exceptional work ethic is what makes EBA the best in the industry. We still cant believe, what used to be top priority for us, occupied almost all of our weekends, numerous phone calls with real-estate agents and bankers, discussions and the fear of getting carried away at auctions is all but history now. EBA took all the hard work away from us. The EBA team is so efficient at what they do, you'll be surprised property search can be such a smooth ride. Thank you a million for helping us find our dream home.

Dev Shanbhag

Rita
I knew when I met Kim that I was dealing with the best buyers agent in Melbourne and she didn't let me down. Both Kim and Ash were extremely patient, professional and focused on getting me the right investment property. Ash went to auction on my behalf and secured the property for a price far below what I was expecting to pay! I couldn't be happier... I highly recommend Elite Buyers Agents and look forward to engaging their services again in the future. Thank you so much!

Rita Cimarelli

Buyers advocates (also known as ‘buyer’s agents‘) are licensed professionals that specialise in searching, evaluating and negotiating the purchase of property on behalf of the buyer. Read more below.

What is a Buyers Advocate?

A buyers advocate is someone who acts exclusively on behalf of the buyer. Buyers advocates help buyers to understand the market, source the right property – sometimes off-market, negotiate the best/lowest price and then manage and oversee the entire legal process. Real estate agents in Australia represent sellers. Their job is to sell the property they are instructed on for the highest price possible.

How can a property Buyers Advocate help me?

Sourcing property is a very time consuming and frustrating process. A good buyers advocate will not only help you save valuable time and money, but also ensure you end up finding the right property for you, and one that meets all of your requirements. Buyers advocates are able to access more than just what’s online. We buy more than 50% of our clients properties before Auction and 25% Off Market. We offer our services to local and foreign clients all over the world.

What is the difference between a Buyers Advocate and a Real Estate Agent?

A Buyers Advocate represents and acts for the buyer. An estate agent represents and acts for the seller.

 

What is a Buyers Agent?

Real Estate Agents are often struggling with lack of supply, demand is usually high and competition is always tough. Buyers are regularly being priced out of the market, particularly first home buyers, young families looking to upgrade and the Mum and Dad investors as well.

Buyer Agents in Victoria are seeing purchasers being out bid and out played and either losing or overpaying… not only at auction in other situations such as a sale by set date or an expression of interest campaign. This is a game best played by those who are experienced and who know the pitfalls of the industry, not to mention the rights of the purchaser and the obligations of the selling agent.

Increasingly Buyer’s Agents or “Buyer’s Advocates” are being engaged by educated buyers to navigate the minefields of the real estate industry on their behalf and to show them the real value of property, this of course in turn will save them money, time and stress. The difference between buying an average property and a good property can be a difference of tens or even hundreds of thousands of dollars.

With over 220,000 new dwellings constructed in 2015 throughout Australia (70,000 of those within Victoria) one would think that there would be plenty of choice for purchase and that supply is stable.  That certainly is the case if you are willing to live, invest or migrate to a rural town touted as Melbourne’s new suburban city. For the rest of us, residing in an established urban and thriving metropolis is still the dream.

Back to the minefield.  Where to buy? How much to spend? What is it worth? These are all fair questions and require educated responses.  A Buyer’s Agent is trained in locating, evaluating, assessing and negotiating, and it is the negotiating where they will save you far more than the fees that they charge.  A Buyer’s Agent must be licenced to work in the industry (with the Business Licence Authority).  The industry is heavily regulated and bound by a code of ethics.  Your Buyer’s Agent should know the processes of purchasing and the legalities associated with any purchase.  If unsure check to see if your Buyer’s Agent is a member of REBAA (Real Estate Buyers Agents Association of Australia) and/or a member of the REIV (Real Estate Institute of Victoria).

Having found that special property, a buyer agents ensure clients benefit from full due diligence, uncovering anything that may adversely affect the property’s value and its enjoyment post-purchase. They also analyse the price in detail, before negotiating the best possible terms on your behalf. Although it is normal to engage a buying agents early on in your property search, Elite Buyer Agents can come in at lots of different stages in the process. Some clients may have already found a property and need assistance with negotiations, analysing price or some comfort that the property is as it is described.

With regular reports and constant communication, a buyer agents client knows they are receiving unparalleled advice and access to the entire property market, including local experts providing unrivalled access to properties – both those marketed publicly, privately, and many that are not even on the market (so off-market), via a single point of contact, irrespective of the selling agent or vendor.

So when looking to make that next big purchase a Buyer’s Agent can be your best friend. Choose the right Buyer’s Agent and you could find yourself with your Saturdays back, sitting in your new home in one of Melbourne’s healthiest growth corridors (with change in your pocket) or with an investment portfolio that will make your friends green with envy.

Read more At WikiPedia Buying Agent.

Bayside Buyers Advocate

What is a buyers agent?

A qualified real estate professional who represents the Buyer in a property transaction. The purpose of a Buyer’s Agent in a transaction can vary however is typically for the purchase of a residential or commercial owner occupier property or investment property. A Buyer Agent provides advice based on the specific and personal brief and needs of a Client. Buyer Agents are paid exclusively by the Client and therefore the only interests the Buyer Agents duty lies with is their Clients. Fees charged include an engagement fee, plus a purchase fee which ranges from 1-2% and this fee can either fixed or percentage based on the purchase price.

Buyer Agent Responsibilities and Requirements

Experienced Buyer Agents are qualified Real Estate Agents and within Victoria, must have a minimum qualification as an Agents Representative Certificate, however many are Licenced Estate Agents. Along with minimum qualifications, Buyer Agents are typically members of the REIV (in Victoria) and there are multiple industry bodies for Buyer Agents such as REBAA (Real Estate Buyers Agents Association of Australia) and PIPA (Property Investment Professionals of Australia) to name a few.

The benefits of utilising a Buyer Agents services vary for an Owner Occupier to an Investor. Investors are expecting to maximise their returns by ensuring they are buying the very best property possible and the best possible price which meets their personal and individual brief, needs and goals. An owner occupier is typically looking to also ensure they are buying the best property for their brief, in addition to saving time inspecting unsuitable properties and then save money during the negotiation or auction bidding.
A Buyer Agent’s services can including searching. They are able to present properties which are on market, before market and off market. Their skills and knowledge on the markets they operate within allows them to evaluate property values and predict selling ranges. Lastly, a Buyer Agent is employed to negotiate with the Vendors Real Estate Agents or Vendors directly to purchase property at the best price and with the most favourable terms and conditions.

How is a Buyer’s Agent Paid?

Buyer Agents are bound by the same laws as a Real Estate Agent. To operate

 

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