FAQ
Learn more about how we help property buyers.
Frequently Asked Questions
Learn more about how we help buyers find and acquire property.
Buyers Agents
A buyer's agent is a professional who works exclusively on behalf of property buyers, assisting them throughout the property purchasing process. They offer expertise in property selection, negotiation, and transaction management.
A buyer’s agent is the opposite of a selling agent as the selling agent (typically more common) works with the seller to get a sale and is usually paid to achieve a sale.
A buyer's agent represents the buyer's interests exclusively, while a 'normal' agent, often known as a seller's agent or real estate agent, represents the seller's interests. Buyer's agents work to secure the best deal for buyers, while 'normal' agents aim to maximize the sale price for sellers.
Buyer’s agents work only for the buyer and help the buyer to look for properties and negotiate with owners or selling agents (often ones that are motivated by getting a sale) to get you the best deal. At Buyers Agency Co, we work off a flat fee so there is no bias to get you a higher valued property for a higher commission. We work for your goals.
A buyer's agent can provide invaluable assistance by leveraging their market knowledge, negotiation skills, and industry connections to help you make informed decisions and secure the best property at the best price.
A good buyer's agent possesses deep market knowledge, negotiation prowess, attention to detail, and a commitment to representing your interests. They should also have a track record of successful transactions and positive client testimonials.
There are 14 key factors to consider when selecting a good buyer’s agent.
- Goals – Do they understand your goals?
- Results oriented - what have they achieved? Are they just going to be a property buyer to get paid or a goal achiever?
- Advice and partnering – Do they help to guide your decisions or just tick the box?
- Research focus – how much research they conduct and what is their methodology for determining good properties
- Expertise – how much do they know about the markets to know how they work, zoning laws to create opportunities and avoid risks, and even property management, maintenance and construction so can avoid any issues.
- Market coverage – which areas do they work in?
- Network – what other property professionals are in their team?
- Off market can your buyer’s agent access off-market properties (opportunities that are not yet advertised)
- Industry experience - how long have they been in the industry?
- Cost - confirm fee structures and check they don’t get kickbacks from agents, property managers and settlement agents.
- Credentials - check licencing, qualifications, and affiliations
- Do they play the property game for themselves? – Too many buyers agents claim to be pro property, but don’t own a single investment property themselves.
- We work with all residential property buyers - whether you’re looking for a first home, a luxury home, or an investment property, we have the experience and expertise to assist you.
Our buyer’s agents have supported a range of goals, with different budgets and search criteria, and we tailor our approach to suit you based on your individual circumstances.
We work with a diverse range of buyers, including first-time homebuyers, property investors, developers, and individuals seeking their dream homes.
Our buyer’s agents have supported a range of goals, with different budgets and search criteria, and we tailor our approach to suit you based on your individual circumstances.
Costs
The cost of a buyer's agent varies depending on the services offered and the property's value. However, the potential savings and benefits often outweigh the fees.
In some cases, buyer's agent fees may be tax deductible, especially if you are purchasing an investment property. It's advisable to consult with a tax professional for specific guidance.
Services and Process
Our process typically involves an initial consultation, property search and evaluation, negotiation, and assistance through to settlement. We tailor our services to your specific needs.
Yes, our services are focused on the Sydney area.
The timeline can vary based on your property requirements and market conditions. We aim to work efficiently to achieve your goals as promptly as possible.
Our turnaround time for is between 4-20 weeks depending on how many unsuccessful offers there are and if we must give flexible settlement dates.
There's typically no strict limit to the number of properties we present. We work with you until you find the right property that meets your criteria.
Yes, we can assist you even if you've already identified a property. We can step in to negotiate and manage the transaction on your behalf.
Absolutely, we have experience working with property developers. We can assist you in finding suitable development opportunities and guiding you through the process.
Accreditations
Yes. We are members of REIWA and have a Real Estate License. Our licensee also has numerous other property related qualification which arguably make us one of the most strategically rounded buyer’s agents in Perth.