What is a Buyer’s Agent?

“We find, negotiate and secure property at your price and on your terms”

In Australia, a buyer's agent is a licensed real estate professional who works exclusively for you, the buyer. They assist buyers throughout the property purchase process, providing expert advice, guidance, and representation.

Buyer's agents, also known as buyer's advocates, act as fiduciaries, meaning they have a legal and ethical obligation to act in the buyer's best interests. They work independently from real estate agents who represent sellers, ensuring buyers have dedicated representation and advocacy during the property transaction.

The primary responsibilities of a buyer's agent include:

1. Property Search: Buyer's agents help buyers identify and shortlist properties that meet their requirements, considering location, budget, amenities, and future growth potential. They may use their industry connections, databases, and market knowledge to access off-market listings or pre-market listings.

2. Property Evaluation: Buyer's agents conduct thorough due diligence on properties of interest, assessing factors like market value, comparable sales, potential rental income, and any issues affecting the property's value or desirability. They provide objective analysis and advice to help buyers make informed decisions.

3. Negotiation: Buyer's agents are skilled negotiators who work on behalf of buyers to secure the best possible purchase price and terms. They leverage their knowledge of the local market and real estate trends to negotiate with sellers or their agents, aiming to achieve a favourable outcome for the buyer.

4. Auction Bidding: In Australia, where auctions are a common method of property sale, buyer's agents often attend auctions to bid on behalf of their clients. They have experience in auction strategies and can confidently represent buyers in a competitive bidding environment.

5. Contract Assistance: Buyer's agents help buyers navigate the complexities of property contracts, ensuring that all terms and conditions are understood and met. They may work closely with solicitors or conveyancers to review contracts, identify potential issues, and provide advice on the legal aspects of the transaction.

6. Post-Purchase Support: After a property is purchased, buyer's agents may provide ongoing support and assistance, connecting buyers with trusted professionals such as property managers, tradespeople, or financial advisors if needed.

Buyer's agents typically charge a fee for their services, which can be a flat fee, a percentage of the property's purchase price, or a combination of both. The fee structure and services provided may vary among buyers' agents, so it is important to discuss and agree upon the terms before engaging their services.