The concept of a vendor’s advocate is a relatively new one on Australian soil. Comparatively, they have been around for decades in the US. Their counterparts, the buyer’s advocate, have been in Australia for around 15 years. Each have a specific role to play in property transactions, but which one do you need on your team?
Vendor’s advocates are independent of the real estate agent in that they don’t sell property themselves. They offer:
- Written appraisals of the property, including comparative local sales, and other listings on the market to form an accurate market price range
- Advice and recommendations on reputable local real estate agents
- Advice on appropriate fees for the selling real estate agent
- Recommend the best methods for selling the property
- Advice about the marketing campaign
- Examining and screening buyers offers
Utilizing a vendor’s advocate is particularly useful if you are needing impartial advice from someone who is on your team, and if you require someone to take care of everything for you. There is a need for vendor advocacy in Australia, and if you wish to receive the maximum return for your investment, why not consider hiring one today?