Choosing The Best Buyers Agent Melbourne

Determine if the buyers advocate specialises in home buying or property investment. Agents specialising in home buying may not be the best choice for investment properties due to the different processes and skills required.

If you're considering long-term property investing and building a property portfolio, engage a buyers agent who can act as your property adviser to create a sustainable and profitable portfolio.

Step 6: Individual vs. Team Approach

Some buyers agents work alone, while others engage with professionals like accountants, mortgage brokers, and solicitors as part of their team.

A holistic approach, where professionals work together rather than in silos, can add maximum value to clients. For instance, a buyers agent and accountant working as a team can reduce a client's land tax using diversification strategies, saving tens of thousands of dollars over time.

Step 7: Fee Structure

Pay attention to the fee structure. Many buyers agents charge commissions based on a percentage of the purchase price, creating a conflict of interest since they benefit from higher spending while the client aims to spend less. Consider agents who charge a flat fee to avoid this issue.

Step 8: Consider the Price but Don’t Let it Be the Only Factor

While it might be tempting to choose a buyers advocate based solely on their low price, remember that cheap can often end up costing you more in the long run. Although you might be paying thousands of dollars to a buyers agent, the right one will save you much more money and create hundreds of thousands of dollars of wealth over time.

So, don’t miss out on using a good buyers agent just to save a couple of thousand dollars now. Consider this as an investment that will yield significant returns in the future. A skilled and experienced buyers agent will help you make informed decisions, avoid costly mistakes, and ultimately achieve your financial goals through smart property investments.

Step 9: Australia-wide vs. Local Buyers Agents

There are buyers advocate who can help you purchase only in certain locations as they are only familiar with those suburbs. They have deep knowledge about those suburbs but they can't (won't) advise if the client should be investing elsewhere. Since they don’t operate in other areas, they normally “direct” their clients towards the suburbs they operate in.

On the other hand, buyers agents who operate Australia-wide or in a few states, or even in all suburbs of a state, have diverse market exposure and can guide and advise clients with broader knowledge.

However, it is important to know that buyers agents who operate Australia-wide using data-driven mechanisms must also have local market knowledge and relationships to avoid purchasing in bad pockets.

Therefore, it is very important to select a buyers agent who is not biased in your suburb and property selection based on the locations they only operate in.

Step 10: Access to Off-Market Properties and Exclusive Listings

The best buyers agents have an extensive real estate network, helping you discover off-market properties and exclusive listings. This can give you an advantage by finding the right property without competing in auctions. If you are looking for the best buyers agent in Melbourne, look no further.