Do You Have Any Questions?
A buyer’s agent is a licenced professional who acts on behalf of the property purchaser. They specialise in identifying, evaluating, negotiating and purchasing properties that match their client’s brief.
Fundamentally, the most basic difference between a Buyer’s Agent and a Sales Agent is that they are engaged by and work for opposing sides. While the buyer’s agent is responsible for negotiating a property in favour of their client, the selling agent is responsible for selling the property for the highest price possible.
Buyer’s Agents are experienced professionals who are responsible for securing their clients the best possible property deal. Professional buyers provide their clients with many advantages including but not limited to saving their clients time, money and stress.
Yes, Independent and Exclusive Buyer’s Agents charge their clients a fee for their professional services. If a fee is not being charged by a Buyer’s Agent, they are likely being paid by and working for a third party.
There are two basic payment structures utilised by Buyer’s Agents:
- A commission – A Buyers Agent will charge you a % fee of the property purchase price for their services.
- A flat fee – A Buyers Agent will charge you an agreed fee for their services.
An agreed portion of the fee is typically required on engagement with the remainder paid once the property becomes unconditional.
There are a wide variety of Buyer’s Agents – those who only represent owner-occupiers, those who only represent investors, those who only want to be associated with high net worth buyers and those who specialise and service the average person. Ultimately, there is a Buyer’s Agent for you and speaking on behalf of Advantage Plus Property, we do not discriminate, if you know what you want, or even if you do not, we are committed to working hard for you!!
A common misconception, only the wealthy can afford to pay someone to buy a house for them. Many Buyer’s Agents do not discriminate based on the value of your net worth or the size of your salary. The outcome from utilising a buyer’s agent should support a movement towards ‘wealthy’ but it is not a requirement to begin with. A more accurate description is, Buyer’s Agents are for committed buyers who want to capture a market advantage and beat the odds.
