Your home will likely be one of the most important purchases you ever make and it should therefore be a smart, thought out investment. A good buyers advocate will help you do everything possible to make sure your house appreciates in value over time and that you get a solid return on your purchase. Below are five tips on what to look out for when selecting a buyers agent.
Selecting The Right Buyers Agent
How many years of real estate experience?
Seek a buyer’s agent that has been working in the real estate industry for over 10 years. Property cycles generally run seven to 10 years and it is wise to get advice from someone that has seen both the ups and downs of the real estate market.
Is the buyer’s agent a fully licensed real estate agent?
There are people out there calling themselves a buyer’s agent who are not actually licensed estate agents. In the state of Victoria anyone can check the registration of any real estate agent at the consumer affairs website. Our buyer’s agents are fully licensed estate agents whom have years of experience as real estate agents and completed their practical training at the Real Estate Institute of Victoria.
Does the buyer’s agent have access to “silent sales”?
A great buyer’s agents will have far-reaching networks of sales agents. “This is essential to get access to properties before they hit the open market (and) selling agents like dealing with buyers’ agents because they present a qualified buyer ready to transact if the property stacks up.”
Are they a dedicated buyer’s agent or real estate agents selling their own listings?
Make sure they not just a division of a real estate agency selling their own listings. A good quality buyer’s agent can purchase a property in any suburb in Melbourne using there years of negotiating and searching experience for their clients benefit.
Do they charge flat fee or a percentage?
Many buyer’s agents charge fees based on a percentage of the purchase price, Wise Real Estate Advice lock in a fixed price for your search so that there is no incentive for a higher price. For example if you’re looking at spending $750K – $800K we fix the fee regardless of whether the property costs $750 or $800k. Request an obligation free quote from us today.
More Questions? Check out Buyers Agents FAQ.