Buyer's Agent: FAQ's
WHAT IS A BUYERS' AGENT?
A Buyers' Agent is a licensed agent who represents the buyer in a real estate purchase. In our case this will involve understanding the clients property brief, finding properties that meet that brief, carrying out due diligence and negotiation the best deal to acquire the property.
WHY USE A BUYER'S AGENT?
A Buyers' Agent will be well connected with real estate agents and will give you access to more properties than you will be able to find, this will include off-market listings. A buyers' agent will save you time searching for and inspecting unsuitable properties, save you the stress involved in the buying process, and will save you the hassle of dealing directly with selling agents. A buyers' agent has the skill set to negotiate the best deal on your behalf. A buyers' agent will give you the peace of mind that you have bought the right property for the right price.
HOW DO YOUR FEES WORK?
We believe in value for money, and we also believe in transparency. We have a simple fee structure, that is designed so you know exactly what you are paying and what you are paying for. Our fees are charged in two parts: The first is a retainer which allows us to get to work on your brief straight away. The second is a success fee, which is payable to us when we help you buy your new property.
WHY DO I NEED A BUYER'S AGENT?
The average Australian home owner transacts (buys/sells) a property approximately once every seven (7) years, as such, searching for, and acquiring a property can be extremely time consuming and stressful, especially for busy professionals, with many hours of searching, performing due diligence and negotiating with Real Estate Agents on the cards. Real Estate Agents are skilled professionals who are legally required to represent the best interests of the Vendor (seller), and as such often employ many effective tactics to take advantage of the relatively unfamiliar space the Buyer often finds themselves in. As such, engaging a Buyers' Agent to represent you levels the playing field by engaging a similarly qualified and experienced agent to represent your best interests in the transaction. This not only takes a huge amount of stress out of the entire experience, it provides you with access to a professional who is able to effectively negotiate on your behalf, with product and market knowledge that is simply not held by anyone other than a professional in this field.
I'VE FOUND THE PROPERTY I WANT TO BUY. CAN YOU JUST HELP ME NEGOTIATE?
Yes, as an experienced Sydney Buyer’s Agent, we are able to formulate negotiation strategies to assist our clients in purchasing a property, even if it is an on market property they have already found. We can take the stress out of the situation for you, by managing all communication with the selling agent, researching comparable sales listings to provide an unbiased opinion on the properties value, provide offers to the vendor, facilitate exchange and even bid on your behalf at auction, should you so require.
HOW LONG DOES IT TAKE TO BUY A PROPERTY?
There is no set timeframe for purchasing a property, once you become a Buyer’s Market client. Our search process extends to many real estate agents, across a range of different companies. We will take the time to speak with them to ascertain what stock is available that fits your brief. Our Agency Agreement lasts for a period of 12 months, so during that time, we will continue to search for and present properties to you, until the right opportunity is found and secured, for the right price.
DO YOU WORK WITH OVERSEAS OR INTERSTATE BUYERS?
Yes, we often assist customers from overseas or interstate. Often these buyers are at a natural disadvantage due to the fact that they are unable to physically inspect properties, and often are unfamiliar with the market. We help these buyers by acting as their eyes and ears, to help them level the playing field and become successful Sydney home owners.
WHAT AREAS CAN YOU PURCHASE A PROPERTY IN?
We can and have purchased property all over Sydney. Our service extends beyond the Eastern Suburbs, and we have clients in the Inner West, South Sydney, Northern Beaches and Lower North Shore.