A buyer’s agent acts as a guide throughout the home buying transaction and would be at your disposal for any queries or concerns. If you are looking for a buyer’s agent in Melbourne, you could find many of them with the help of an online search. Hiring a buyers advocate cost but their services could be worth the money and time.
Have a look at some of the things a Buyer’s agent would do:
- Find the right property: Once they determine what the clients are looking for and what they could afford, the agent would schedule appointments to tour homes that would fit the bill. The agent could also explain the ins and outs of various properties and neighbourhoods to help out the buyers decide on which home is right for them and also by explaining the good and bad of different options.
- Negotiate the offer: The buyer’s agent would advise the clients on an appropriate price to offer and present it to the seller’s agent. They would then negotiate on your behalf and write up the contract for you. This is where the agent’s experience in negotiating deals could save you time and money. It could also help in avoiding pitfalls like a fixer-upper that is more trouble than it’s worth.
- Recommend other professionals: A buyer’s agent should also be able to refer you to mortgage trustworthy brokers, home inspectors, movers, real estate attorneys and other real estate professionals. This can help expedite each step of the process and move you to a successful real estate sale faster.
- Help overcome setbacks: If new reports arise as a result of the home inspector’s report, a buyer’s agent will provide guidance on how to proceed with the transaction and would also act as a buffer between the sellers and you. If negotiations become heated, it would be very helpful to have an experienced professional keeping calm and offering practical and productive solutions. Buyer agent Melbourne would be signing contracts and are legally bound to help out the buyers in the home buying process.
Finding a Buyer’s Agent
A good buyer’s agent could ease your way to homeownership and a bad one might result in a bumpy ride. This doesn’t mean that you should select the first buyer’s agent you might meet or blindly accept the recommendation of a friend. It is best to interview at least two or three agents and ask them a few questions such as
- The neighbourhoods they specialised in. Real estate would require local expertise and you should find an agent who is familiar with the areas you would be interested in.
- Check for the schedule and availability. Part-time real estate agents who are committed will do a great job but if the house you find encounters last-minute closing deal issues, you would want an agent who would be readily available.
- Find out how long one has been a real estate agent. You would want someone with a few years of experience and a proven track record of selling homes.
The agent/buyer contract
Once you agree to work with someone, you will have to sign a contract which is known as an “exclusive buyer agency agreement”. This agreement would outline the agent’s compensation and services. This contract would also mean that the person would be your sole representative and that you will not work with other buyer’s agents.
