Should you use a buyer’s agent?

A buyer’s agent assists people who are buying a property. They are becoming more common in Australia, though they will charge a fee for their service (usually based on a percentage of the property’s sale price) so you need to consider if your budget can handle an extra cost.

There can be some pluses to using a buyer’s agent:

  • You may get access to more properties, including those that aren’t advertised, through the agent’s contacts and network
  • You can make better use of your time. Instead of searching the newspapers and internet every weekend, someone else does the hard work short listing suitable properties on your behalf
  • You’ll have a professional negotiator who can help obtain the lowest possible price. This can be handy when it comes to auctions
  • You’ll eliminate wasted time from being shown inappropriate and unsuitable properties by real estate agents
  • Many properties sold are ‘silent sales’ that are never publicly advertised. A buyer’s agent can help you find these

Always check that the agent is licensed and does not accept sales commissions from vendors or developers – if they do, they are not acting entirely in your interest.

A good place to find a buyer’s agent in your area and get an idea of fees is the Property Buyer’s Agents Association of Australia.

Continue to information about your property search checklist.

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