What is a Buyer's Agent?
What is the buyer’s 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.
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
As One of Melbourne’s Leading Buyer’s Agent We Can Help You Buy A Home And Save Time And Money Finding The Right Property.
Our buyer’s agent 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.
Buying A Home
Our experienced team of seasoned professionals help our clients – local and foreign, narrow their selection down, and negotiate to secure the best property.
Buying To Invest
Buying to invest can help you build wealth for a better future, when it comes to investing successfully, it’s vital to have a team of trusted investment property advisors by your side.
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 buyer’s agent team.
The marketplace can be confusing, and is currently overflowing with options. Our experienced team of seasoned 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!
Providing 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 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.
Buyer’s agents (also known as ‘buyer’s advocates‘) are licensed professionals that specialise in searching, evaluating and negotiating the purchase of property on behalf of the buyer.