How To Choose A Buyer’s Agent Who is a Real Expert

Did you know that there are experts and non-experts in the field of property buying services? It doesn’t matter if you’re a property investor or homebuyer, it pays to be aware of who qualifies as a buyer’s agent expert when buying properties.

Qualifications of a Buyer’s Agent

qualifications of buyer's agents who is a real expert

The ideal person in today’s complex property environment should be fully conversant with strategies of real estate selling and buying.

That means they should have experience in working in a real estate selling office before becoming a buyer’s agent. This is vital because anyone can simply undertake a course and obtain a license.

That doesn’t make them an expert in selling real estate – nor an expert in being a buyer’s agent.

A considerable degree of experience and expertise is needed to have the skills and know-how for implementing the best strategic plan for an investor, let alone get a full understanding of the wishes of a home purchaser.

The Real Expert

The principal of Buying Perth Real Estate, Clive Elliott, was a renowned real estate agency principal before entering the field of being a buyer’s agent.

Clive Elliott was one of the leading real estate agents in WA for many decades. In his time of operating Clive Elliott Jennings Real Estate, he sold hundreds of properties from low-cost home units to houses worth millions of dollars.

Many home sellers could testify to Clive’s negotiating skills. It was not unusual for him to come back to his seller with a price above the listing price because he had found several prospective buyers for their property and had simply negotiated the best price possible.

It is highly unlikely that any buyer’s agent in Western Australia has anything like his depth of experience. One thing is for sure if you’re a buyer with his negotiation skills on your side, you have chosen well.

He is a Buyers Agent who is a REAL EXPERT.

Written by Howard Wilkinson past employee of Clive Elliott Jennings Real Estate

Buyer’s Agent vs. Real Estate Agent

Do you often get confused about different terms regarding real estate? For example, there are real estate agents, buyer’s agents, and brokers. Do you know the difference between each type of agent? If you’re looking for a property to purchase, would you know who to call?

The agent you need for your real estate transaction would depend on your objective. You can choose between a Buyer’s Agent and a Real Estate Agent to help you. Here are the differences between the two types of agents:

Real Estate Agent

real estate agent showing a house to buyers

A real estate agent, otherwise called the listing agent, represents the home seller. The seller pays them and they have a legal responsibility to get the maximum price possible for the seller. They do not work for the buyer. Real estate agents are in charge of putting up the property on the market, looking for buyers, and conducting open houses. They are also in charge of negotiations for the home seller, closing the deals, and beyond. 

If you are a homebuyer and have already decided on buying a specific property, you can directly reach out to the real estate agent of that property. The real estate agent will then review your offer and can close the deal once you’ve agreed on everything.

Do you need a real estate agent to sell your property? It’s not required to have a real estate agent to sell your property, but it has its advantages. For one, they’ll have more connections and contacts and will be able to market your property to a wider range of audiences. You’ll have someone to guide you, the property owner, through the whole home selling process and help make it smooth and stress-free.

Buyer’s Agent

buyer's agent

On the other hand, if you only have an idea of what type of property you want and what you need for your new home, it would be best to contact a Buyer’s Agent. As a real estate professional, the buyer’s agent will help you find the perfect property that will fit your needs – regardless of who is selling them. Buyer’s agents will work only for you. The selling agents do not pay them. They are engaged by you and work in your best interests at all times.

The buyer’s agent will do the leg work and research for possible properties that checks all your requirements. Based on your preferences, the buyer’s agent will provide you with recommendations for different properties. 

In choosing the shortlisted properties, the buyer’s agents will base it on hard facts and market data. With this, they will also be able to help you decide on an offer that will put you at an advantage over other buyers. 

Since the buyer’s agent represents the buyer, he/she should also ensure that you are not paying too much. Once you’ve chosen a property, the agent will negotiate with the seller so you can get the best deal and terms. They will also take care of all requirements and assistance that you may need in purchasing the property. This includes selection, research, negotiation, Special conditions to the contract to protect you, right through to unconditional contract. 

Who should you call?

Knowing who to call for your real estate transaction, whether buying or selling, will save you from a lot of hassle. So given all the information, do you already know who to call?

If you are planning to buy a new home in Perth, feel free to reach out to the Buyer’s Agents at Buying Perth Real Estate. We’ll listen to your criteria and help you find the best option. Get a free consultation at https://buyingperthrealestate.com/buyers-agent/

A Sad Haircut

The Barber I’ve been going to for the last decade has closed its doors, so I had to look around for someone else that was close to home and would do a good job.

After searching Google, I found someone within three minutes from home.

I rang. It was an Italian voice on the phone saying, “yes, come around straight away”.

It turns out that he had only been operating the business for seven months. As I walked in, I noticed that he was open seven days a week and it seemed as though he was the only one there.

It turns out that he had been working for some else for the last fifteen years and thought it was time to launch out on his own—a bold move.

It turns out that he paid $50,000 too much for his premises and was stitched up with a bank loan at 7.5% interest.

He thinks he did well. 

If he had used me as a buyer’s agent, I could have told him that the property he bought had been on the market for nearly two and a half years and they would have sold it at a heavily discounted price if it had been negotiated strongly.

I also would have been able to set him up with a 4.5% commercial loan through a broker/s with integrity. And he would have paid it off in ten years instead of sixteen without having to work seven days a week.

Buyer’s agents are not well known in Perth, and it is disappointing that hard-working buyers don’t know that we exist and could be securing a much better deal than they can by doing it alone.

It is for this reason that I choose to spend my time as a buyer’s agent looking after time-poor people who have limited knowledge of the market, and want someone to negotiate the best price for them and set up their finance in the best way.

Next time you’re thinking of purchasing a property, allow me to represent you as a Buyers Agent. I can help in selecting your property and negotiate the best deal for you. I’ll help make your property purchase stress-free and, quite likely, save you a bunch of money.         

https://buyingperthrealestate.com/buyers-agent/

PS. It was a great haircut!

The Top 5 Benefits of Using a Buyer’s Agent

1. What does it cost?

Most importantly, the first thing to know is that the buyer pays a buyer’s agent in Australia, so there is NO conflict of interest with the real estate agent. Remember, the Real Estate Agent is paid by the seller and therefore his obligated to get the maximum price and best terms for their seller.                                                          

Many say that using a Buyer’s Agent won’t cost you anything. No, buyer’s agents don’t work for free. But the fee that is paid by the buyer to the buyer’s agent is in most cases covered by the experienced buyer’s agent’s ability to negotiate the lowest price and the very best terms. Many of our buyers say, “It didn’t cost anything because you saved us so much! You got the lowest price and best terms that were far more than your fees.” While that’s often true, they are still paying a fee.

2. Your agent will have a finger on the pulse of the market.

Unless you are in close touch with the real estate market, it’s challenging to know everything that is going on in your local market. That is why you hire a buyer’s agent. We have the market knowledge you need to get the best results from your purchase.                                                                                                                         

Buying Perth Real Estate can advise you on what kind of offer is likely to get you the home you want and suggest the best terms with which to negotiate. We give you an informed opinion on where we see the local real estate market heading. Are prices rising or dropping? Are inventory levels going up or down?                                                                                                                                                   

Most importantly, for now, how will Coronavirus effect the real estate market here in Western Australia.

3. The agent will take care of organising private inspections

Once we listen to your requirements, be it for your dream home or your investment, Buying Perth Real Estate uses our 45+ years of real estate experience to select properties that fit your brief. Once you have decided on the properties you wish to inspect, we arrange a private viewing at a time that is convenient for you. We will work around your busy schedule.

4. A buyer’s agent will research the area and neighbourhood

At Buying Perth Real Estate, we have a pulse on the local market and the areas. Often, we will advise against the property selected by our buyer because of problems in that particular suburb or area. Your final choice must continue to hold value and also have the potential to grow in a rising market.  

5. Buying Perth Real Estate will follow your transaction through to final settlement.

We at Buying Perth Real Estate will organise all the pre-settlement inspections and follow the settlement process through to the final settlement day with you.  

For a free consultation, contact me on 0412 926 190 or visit our website at buyingperthrealestate.com.

Clive Elliott, CEO, Buying Perth Real Estate Clive@buyingperthrealestate.com 

“This Property Is Not Right For You!… I’ll Find You A Better One”

As a buyer of real estate, have you ever had an agent show you a property for sale that was not suitable for you? They then said they would try to find you a property better suited to your needs.

How many times has the agent followed up to find you the ideal property?

Typically, the answer to these questions is ‘never’.

Why? Because a real estate agent is engaged and paid by the seller to sell their property. They’re not paid by you, the buyer, so there’s no real incentive for them to track down the ideal property for you.

Real estate agents only show prospective buyers the properties that their company has for sale because that’s how they’re paid.

Legally and morally they are obligated to work on behalf of the seller when marketing a property.

And that is where the difference lies.

A buyer’s agent works the opposite way.

A buyer’s agent works for the buyer.

The role of BuyingPerthRealEstate.com is to find the property that best fits your needs – within your budget.

Buying Perth Real Estate prides itself in finding properties for buyers who are time poor or unable to see a range of properties. Or they lack the experience to handle challenging negotiation situations.

As highly experienced real estate agents, we have the background knowledge to know the realistic price of a specific property and to negotiate the price on your behalf.

Our knowledge of the property market ensures we find the best property for our clients’ needs and our negotiation experience enables them to have the property at the best price possible.

A highly experienced property buying agency service like BuyingPerthRealEstate.com more than pays for itself, so if you want the best value for your money on your next property purchase, why not call us for a chat?

We handle property purchases for all types of buyers – first home buyers, home upgraders, home down-sizers, investors, Australian expatriates living overseas and overseas purchasers.

Tell us what you’re seeking and your budget – and we’ll quickly assess the likelihood of us being able to act for you.

It’s so easy.

Call us for a chat on 0412 926 190, and we’ll let you know what we can do for you or visit www.buyingperthrealestate.com and find out more about us.

We can save you time, stress and money and give you the confidence of having the best property suited to you, for what your money could buy.