As A Buyer’s Agent, What Do You Do?

I’ve lost track of the number of times I was asked this question. So someone said, why don’t you put it in writing and answer all their questions?

“Clive, as a Buyer’s Agent, what do you do?”

My quick answer is, “I help people buy real estate property.”

They usually say, “So you are a real estate agent and you sell real estate for property owners.”

No. I am not a real estate agent and that’s the opposite of what I do.

They are surprised when I say “No”. A buyer’s agent is best described as a buyer’s advocate. Instead of selling properties, I help buyers buy the right property. I support them in the process of selection, negotiations, up to the settlement. I am the third party that they turn to for advice and direction in the total process. But it is much more complex than that.

The Process

If you are the buyer, first, I get to know you. I get to learn about your lifestyle and how that relates to the things you would like in your new home. I need to know your expectations so I can assess how I can help you better. If I am not confident that I will be able to help you, I will connect you with the people who can best help you.

The Property Brief

We call the next step The Property Brief. This is where I discover the top priorities like the number of bedrooms, bathrooms, car spaces, area preferences, accessibility to schools, recreation areas, and mode of transportations. These are the things that are non-negotiable in the final decision-making.

Research and Consultation

Once appointed, we move on to Research and Consultation. I will be giving you a good range of properties that fit the brief we have discussed. This gives you a good understanding of which options come close to your requirements and budget. After checking these properties online, you will give your feedback regarding which features you like and dislike. As the buyer’s agent, I will be the one to do all the research and provide you with all the information. Most properties we provide are not even officially in the market yet. So we have the advantage of being the first one to look at them.                          

No need for buyers to spend time searching for possible properties. With my 45 years of experience, I know who can provide ample information on the properties on and off-market. This is something that buyers do not have access to – the buyer’s agents’ advantage.

Evaluation and Communication

Then come the Evaluation and Communication. This is when we shortlist the property options. For convenience, we schedule a private viewing of the properties. Unlike open houses, this will give us enough time to see the advantages and disadvantages of the home. You will have the time to feel the atmosphere and ambiance of the home. Buyers often want to spend time in a room which is often not possible in open houses. In open houses, buyers get to look at rooms with other people in the same area. Also, they feel a bit uncomfortable with salespersons trying to qualify them as they look around.

Usually, the final selection by the buyers is totally different from the original brief. But that is the joy of having this selection process. Buyers get to explore the properties further and make a decision based on their actual visit.

Offer and Acceptance

Once the decision is made, it’s time to do the due diligence of preparing the offer and acceptance. A search of the title often shows many areas to beware of, that often the inexperienced buyer will often overlook. I need to make sure that we know about any easements, covenants, work uncompleted, or not council-approved areas on the property. There are many areas that need to be checked depending on the zoning, age of the home, water and sewerage, and council requirements. 

When the offer is written, it is crucial to protect the buyer with a finance clause and the timing of approval. This also gives confidence to the seller that our offer is genuine, and the buyer will perform. This will make the difference in getting my offer accepted against other offers that may be in competition. I will always recommend a structural and termite report from professional companies that I can trust. If it’s a Strata titled property, there is information that must be obtained prior to writing the offer to ensure everything is in order.

A Buyer’s Agent’s Other Tasks

I will be bidding for the buyer if the property is listed for an auction sale. Of course, if you want to bid yourself, you are most welcome. I find that there is an art to being successful in bidding as I’ve been an auctioneer for many years myself.

If the property is a private sale, I will handle the negotiations for you and be in close communication with the sales agent until we have a result.

Once we have been successful in purchasing, I follow the sale process right through to the final inspection to ensure that everything is in working order. Then, I follow right through to settlement.

Representing the Buyer

Because I am paid by the buyer, I am fully committed to taking the stress, time, and emotion out of buying a property. Whether it’s for your dream home or an investment property, I will make sure that the buying process is smooth.  In short, I represent the buyer. 

While the real estate agent, who is paid by the seller, is committed both morally and legally to act at all times in the seller’s interest.

So, what I ACTUALLY do, I take the stress, time, and emotion out of buying property and I represent YOU.

Hopefully, in reading this you have a sense of what I do.

Then people ask me…

Why do I act as a Buyer’s Agent instead of a Real Estate Agent?

After many years as a real estate agent, I’ve employed and trained salespeople not only how to sell real estate, but how to do it ethically and maintain a high standard of integrity. Many salespeople who did not have that benefit of good training find it very hard to look after buyers.                                                                                                                 

As a result, I registered Buying Perth Real Estate in 2017 to help buyers purchase with confidence. I do not want buyers to feel that they have made the wrong decision, because of emotion, time restraints, or pressure from a salesperson. I get excited and very satisfied when I’m chosen to help buyers through the process of Selecting, Negotiating, working through the due diligence to reach a positive outcome when buying either their dream home or investment property.

As a buyer’s agent, I work hard to produce amazing life-changing outcomes for my buyers, and that gives me great confirmation and satisfaction. This is why I chose the concentrate on being one of the most experienced Buyer’s Agents serving the Perth Buying public.

Do you need to buy a home soon? Get a free consultation from Buying Perth Real Estate today.

What Type Of Residential Property Is Right For Me?

Have you finally decided to purchase a residential property? The decision-making doesn’t just end on whether or not you should purchase a property. This is actually the starting point of many more decisions that you need to make on your Perth real estate buying journey.

Before you even start reaching out to your buyer’s agent, you need to decide on what type of residential property you want to buy. There are various factors that you can consider when choosing from the different types of residential property. Aside from budget, you need to consider your lifestyle, family size, needs, and wants in a home. Set your non-negotiables. This can help you decide what type of residential property is best for you.

To help you get started, here are 5 types of residential properties in Perth that you can choose from:

Single-Family Home

single-family home, one of the types of residential properties in australia

Single-family homes are one of the most popular types of residential houses in Western Australia. These are usually stand-alone houses or detached residences that have their own free-standing building. Buyers of this type of property own the land and can demolish, renovate, or choose to extend their dwelling as long as it complies with their local regulations. They can also choose to build either a single-story or two-story home.

This type of home is perfect for growing families with young children as it usually comes with more space and more privacy as well. However, it can be more expensive because of land rates and full maintenance costs.

Strata Residence

strata home, one of the types of residential properties in australia

A strata home is a type of residence that often shares a common wall with the house next door. Unlike detached houses, strata houses are often cheaper to build and maintain. However, they are usually smaller in land size than stand-alone or detached houses.

This type of property is perfect for a small family who wants more privacy than what apartments or flats can offer.

Duplex

duplex, one of the types of residential properties in australia

Duplex is a residential property that is composed of two homes in a single building. In Australia, the style of both homes is usually a mirror image of each other. Each home has its own door/entrance; hence, it can be occupied by different families. 

A duplex can be a great investment as it can either be on a single title or two separate titles. Therefore, it can be individually owned or sold. Most investors who plan to rent out properties also choose duplex due to the opportunity of having two rental incomes while having a lower land cost. This is because it requires less land than stand-alone homes. Some investors also use one side of the dwelling and rent out the other.

Apartment

apartment in australia

Apartments or flats are commonly found in more urban and commercialized areas where land is scarce and expensive such as real estate prices in Perth. They can range from studio flats to flats with several bedrooms. Some mid-range and high-rise apartments also offer excellent amenities and facilities.

Apartments are perfect for single individuals and small families don’t need that much space. It’s great for people who want to live in the city but can’t afford to buy stand-alone houses.

Townhouse

townhouse in australia

In Australia, townhouses are often found in the suburbs of major cities. They are more affordable and are considered a better choice compared to apartments. More townhouses are being developed in prime suburbs where the land is scarce and the houses are becoming more expensive. 

This type of housing is a great choice for small families who plan to upgrade from apartments and would like to relocate to prime areas or cities of Perth.

Buy a House that Suits your Needs

Whether it is your first time buying a house in Perth or not, make sure to research which type of dwelling fits your lifestyle. Think about your long-term goals and plans. Do you think an apartment will be ideal for your plans in five to ten years or are you thinking about growing your family? Proper planning and foresight are needed when purchasing real estate.

Once you have already decided on which type of residential property is right for you, reach out to an experienced buyer’s agent to help you find the perfect home based on your criteria. Buying Perth Real Estate has experts that have a vast knowledge on Perth real estate. With their constant monitoring of Perth prices, rentals, and sales, their expertise will make your buying journey hassle-free.

Before you start your search for your dream home or your investment property make sure you contact the most experienced Buyer’s Agent in Perth at www.buyingperthrealestate.com.