A buyer’s agent is enlisted by the buyer to assist them in their purchase. When selling a property, a real estate agent markets a property and aims to get top dollar from prospective buyers. In contrast, a buyer’s agent works for the buyer and aims to get the best value for money based upon the buyer’s criteria. A buyer’s agent can work for both home buyers and investors.
There are numerous benefits to using a buyer’s agent, each of which can assist a prospective buyer. These can be seen as the following:
So, by now understanding what a buyer’s agent can do for the buyer the question may arise why a buyer would choose to use their services? Similarly, to the outlined list mentioned, investors may be of the following:
An investor may need assistance with any one of these issues, where a buyer’s agent may assist in filling this void.
Buyer’s agents generally have two forms of payment models. The first model is a fixed rate, and the other model is a percentage of the sale price. The percentage of the sale price model is usually around (2%) of the final sale. The buyer will pay the buyer’s agent the agreed percentage of the final sales price upon settlement of the property. This model appears to be a conflict of interest for the buyer as it gives the agent an incentive to pay more for a property. This is the opposite of what the buyer is trying to achieve when engaging a buyer’s agent. Even with a higher budget, it would be concerning knowing the agent is incentivised to purchase more expensive properties.
That is why we charge a fixed-rate fee regardless of your intention of purchase or budget.
It is clear to see the value a buyer’s agent can provide to a buyer. Although there is a range of buyer’s agents, not all buyer’s agents are the same. Just like any service the quality of their service may widely differ. It is important to identify how to differentiate between buyer’s agents and their services. There can be a range of variables to consider when looking to engage a buyer agent. Just because an agent charges a higher fixed fee does not mean they provide a better service.
Things to consider could include:
At Property Comet we pride ourselves on providing exceptional service to all our clients. Many buyer's agencies choose to focus on quantity over quality. This may serve their business well but not their clients! We are a boutique buyer's agency that will only work with a handful of clients at the same time. We also don't take clients on with the same brief, which ensures there is no conflict of interest.
In addition, our services aren't limited to one area or pocket of suburbs. At Property Comet we determine the client needs first then choose where to purchase, not the other way around. This allows us to take a holistic approach to purchase by establishing your needs and then finding the right property that aligns with your goals.
Moreover, a data-driven approach is applied to remove bias and focus on what really matters, the numbers. Rather than just giving our opinion we use numerous analytical services in conjunction with our expertise to buy the best property for your brief.
Finally, it is important to know who you are working with when you engage a buyer's agent. We come from a background of property investing, where we live, breathe, and are immersed within this asset class. So the same approach we would take to find our own investments is applied for you. This way we can ensure we offer the best service to you and assist you in achieving your goals.
Our buyers' agents will contact you within 24 hours