What is Buyer’s Agent?

A Buyer’s Agent is a property specialist who exclusively represents the buyer in real estate transactions. Buyer’s Agents can specialise in owner-occupied residential properties, residential investment properties, or even commercial property purchases, depending on their skill set and expertise.

A Buyer’s Agent is a real estate practitioner who focuses on helping buyers find properties. This is different to a normal real estate practice where agents list properties and seek to find buyers to maximise the price for their vendor. A Buyer’s Agent seeks to negotitiate the best possible terms and price to suit their client the purchaser, not the vendor.

Why do I need a Buyer’s Agent?

The truth is that you can definitely buy a home on your own.

The majority of our clients engage with us to make a complicated, time-consuming procedure simple and pleasurable for them. Having a competent and highly licensed third party to advocate for your best interests removes the usual issue that many buyers confront.

1. Are you paying too much?
2. Do I seem overly enthusiastic? (thus having the price “jacked up” above where a seller would be willing to accept)
3. Is it possible to miss out on the perfect property due to inadequate communication with the vendor agent and a low offer?
   
   

What does a Buyer’s Agent do?

An experienced Buyers Agent plays an important part in real estate transactions.

In a real estate transaction, the Buyer’s Agent is in charge of clarifying the client’s requirements, validating the client’s budget, and confirming the client’s ability to purchase. Then, by screening and assisting in the search for suitable properties that meet the client’s criteria, attending inspections as required, professionally negotiating a fair and acceptable price, and project managing the exchange and settlement process.

If the client is an investor, the Buyer’s Agent may offer strategy, asset selection, and ongoing portfolio guidance to assist in the client’s long-term portfolio development.

How much does a Buyer’s Agent Cost?

A Buyer’s Agent can earn their fees in a variety of ways. This will be negotiated on a case-by-case basis but will generally be dependent on the exact nature of the services required beyond negotiations and process management. For example, multiple attendances in the same property may incur a recognition fee for travelling allowance. The good news is that the Buyer’s Agent is contractually obliged to exclusively look after you, not the seller/vendor. 

This avoids any conflict of interest.

Unless an expressly unique scenario arises (e.g., a request to act to bid on a specific property at an auction), we earn only the fees we charge our clients for results. In this instance, both parties would negotiate a reasonable and mutually accepted charge prior to the event (in the spirit of transparency). A Buyer’s Agent agreement is signed at the beginning of the relationship that clearly defines the agent’s obligation to act in the best interest of the buyer client. As a result, when you work with us, your best interests always come first. Our costs are adjusted and customised to our client’s particular needs and preferences, thus there is no standard pricing model.

Can a Buyer’s Agent attend an inspection for me?

Yes, of course. When choosing a Buyer’s Agent, it is vital to ensure that they have agents who have a thorough awareness of the local region or access to actual current comparable sale data in order to determine fair and reasonable market value. This means that your Buyers Agent physically inspects the houses they are advising on, ensuring that you get the finest advice possible. Some Buyer’s Agent are also licensed auctioneers and at Mike Brady Property Solutions, we believe this offers you a special edge over your competitors trying to buy the same property.

Can we assist you with access for valuers and sourcing of independent and licensed trades professionals to assist with pre-purchase inspections?

Yes, this is all included as part of our personalised service to you, our valued client. We receive no compensation from any tradesperson, and we are there to ensure that your choice of tradesperson from any lists we supply you, ensures that your advice/professional guidance is independent and fully discloses any concerns. Normally, this would be pest and building reports, but it may also include plumbing, electrical and structural engineering reports if issues are discovered.