Hiring a buyers agent is not just reserved for the rich and famous. Having a fair and reasonable fee structure which typically saves people a lot of money, buyer agents are now hired by many different types of people.
From busy families, to first time home buyers, time poor executives, overseas expats and interstate property investors, more and more people use buyer agents to purchase property.

Because the Buyer Advocate is independent and represents the best interest of the buyer, it is the buyer that pays the fee directly to the buyers agent.
Be wary of any company or person who is calling themselves a buyers agent offering a free or very cheap service.
Since there is no legislation around who can and cannot call themselves a buyers agent or buyers advocate, many “fakes” and “double agents” are beginning to capitalise on the popularity of buyer advocacy work.

If you want to work with the best buyer advocates you need to ensure you hire one who is truly independent and professional. The fee you pay will often be reflective of the level of skill, professionalism, and value the advocate brings to your transaction.

A reputable and experienced advocate will be worth their weight in gold. But you needn’t have to pay an arm and a leg. An industry standard among reputable advocates is between 1.5 – 3% of your budgeted purchase price. This would be for a full service offering. If you would only like to gain assistance with parts of the buying process the fee will be considerably less.

While some people may feel this is an expense they cannot pay on top of the purchase of their new home, many people find the fee very fair and reasonable when compared to the costly mistakes people make when purchasing a home or investment property.

Hiring the best buyer advocate in Melbourne will give you an unfair advantage and ultimately save you money on your purchase.

The reality is that most people need a buyers agent and should be using one. Unless you are a professional property buyer and are very experienced at buying property or you have extensive sales and negotiation training, you will probably cost yourself money trying to DIY.
If you think about it, most people only ever buy 2-3 homes in their entire lifetime. Yes you will be up against trained professionals who sell 2-3 homes every single week. Are you adequately trained and experienced to outsmart and out play a sales agent who is on the vendors side?

Yes. There are 5 ways you will save more money by hiring a buyers advocate and approximately 20 ways you will lose money by DIYing the buying process.

If you have never purchased or rarely purchased a home or property investment it is reasonable to conclude that you will not do it quite as well as someone who ONLY buys property for a living. There are so many tricks and traps the agents can use against you as an inexperienced buyer, and the training and methods used are so subtle, you do not even realise they are doing it.
A seller has a professional on their side to get the highest possible price for the property. As a buyer you should have a professional on your side levelling out the playing field.

1) TIME SAVED
Many clients come to us after trying to buy real estate for 12 months. When you work with us, you not only save 12 months of trying to DIY, but because of the resources we have access to and our experience, we will hone in on the right properties faster and negotiate to win the ideal property for you quickly.

2) EXPERIENCE GAINED
Some of our clients love the idea of hiring us for their first 1-2 purchases before they venture off and DIY. That way they can learn from an expert AND get their desired result saving them from having to invest money into expensive property training and mentors.

3) SAVINGS OFF ASK PRICE
Depending on the property market, your budget and your brief it is possible for you to save a lot of money off the asking price. You can view the case studies to see the varying amounts and circumstances surrounding the discounts clients have enjoyed.

4) TAX DEDUCTIONS
If you are buying an investment property part of the fee may be tax deductible. Please speak with your accountant about this and be sure to keep your invoice and receipt with your purchase details so you remember to claim the fee as part of your purchase cost. This will lower the amount of capital gains tax you will pay if your purchase is an investment property.

5) MAKE MONEY ON PURCHASE
As the old saying goes “you make money when you purchase”, and that can certainly be the case for clients when they work with us. Our experience and expertise gives you the upper hand when it comes to securing a property before it hits the market and without competition. This means you pay less for the property than you would if you were a weekend buyer competing against multiple offers. Buying below market value gives you instant equity and places you ahead of the game.