Property Buyers Agents Melbourne are licensed professionals that specialise in researching, inspecting, evaluating and negotiating the purchase of property on behalf of buyers. They work independently and are paid by the buyer to act on their behalf, unlike real estate agents who are paid commission by the seller.

Buyer’s agents have extensive knowledge of the local market and can use this to help clients find the right property at the best price. They will typically sit down with the client to understand their preferences, which may include location, size, and the type of property they are after. Based on this information, they will create a buyer’s brief, which will be used to identify suitable properties. This can save the client time by not visiting properties that do not meet their criteria and also reduce the number of inspections required.

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They will often have a network of industry contacts and can access property sales that are yet to be listed, which gives the buyer broader options. In addition, they can provide advice and analysis on capital growth potential and rental yields.

They will assist the client in preparing for the purchase process, which can involve liaising with banks and solicitors and sourcing appropriate loan products. They will also prepare due diligence reports and conduct property appraisals, which can be an expensive part of the buying process. It is important to read a buyer’s agent’s agency authority and fee schedule carefully before engaging them, to ensure you are clear on their scope of work.