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A buyer’s agent provides comprehensive assistance throughout the property buying process for a fee. They help locate suitable properties, negotiate with sellers, handle necessary paperwork, and offer support until the purchase is finalised and the property is settled.

A buyer’s agent brings professional expertise and experience, simplifying the entire process. They save you time by conducting property research, evaluating market conditions, providing alternatives and comparable properties, guidance through complex paperwork and negotiating prices.

Buyer’s agents can save you money in several ways:

1. Valuation Expertise: They help prevent overpaying for overpriced properties.

2. Negotiation Skills: They negotiate deals with sellers or seller’s agents.

3. Better Access to Properties: They have access to a broader range of properties, including off-market ones.

4. Minimise Costly Mistakes: They guide you through the purchasing process, helping you avoid common and potentially costly mistakes.

5. Time Savings: They handle time-consuming tasks such as finding appropriate properties, arranging viewings, dealing with sellers, and handling paperwork.

Yes, in addition to regular property purchases, a buyer’s agent can provide valuable insights on potential returns on investment, rental yields, and capital growth prospects based on market trends, making them an excellent resource for investment property purchases.

Yes, a buyer’s agent and a buyer advocate are essentially the same. Both are real estate professionals who work exclusively for the buyer in a property transaction, guiding and protecting the buyer’s interests during the house hunting, negotiation, and purchasing process.

The cost of a buyer’s agent can vary widely based on their experience, the services you require, and market conditions in your desired area.

1. Fixed Fees: Some buyer’s agents charge a flat fee for their services, agreed upon before starting the process. This fee can range from $10k to over $80k+.

2. Percentage Fees: Others charge a fee based on a percentage of the property purchase price, typically ranging between 1.5% and 3%, depending on the level of service provided.

3. It's crucial to clarify the fee structure upfront, understand what services are included, and whether there are any additional costs upon settlement.

Yes, a buyer’s agent must have a real estate license. To act as a real estate agent or representative, including being a buyer’s agent, an individual must be properly licensed.