Buy With Confidence

Australia’s premier industry association for professional buyer’s agents

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Definitive Guide For Buying A Property

REBAA

Australia’s premier industry association for professional buyer’s agents.

Property Buyers

A REBAA accredited buyer’s agent can help you with the purchase of your new home, an investment or commercial property.

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Join Australia’s leading professional body for property buyer’s agents and stand out from the crowd.

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How others have profited from using a buyer's agent

  • We were looking to enter the Sydney real estate market as investors having spent many years abroad. We were referred a buyer’s agent who could help us with this task. As we were only in Sydney for a short time we handed him the challenge to locate an investment property for us before we returned overseas. Not only did we leave with an investment property but he also helped us in securing our own home for our return to Sydney.

     

    - Brian and Vicki

  • I am extremely happy with the service I received when buying my investment property in Brisbane. I have bought a very good investment property that I’m sure will prove to be an excellent asset.

    - Paul, N.T

  • They were well researched, analytical, realistic, and impartial. I liked how they simplified the process and focused us on what was really important to us, and how each property met our criteria.

    - Julian

  • It was actually quite a relief to have someone assist and guide us through the “buyers jungle”, particularly someone who was on OUR side! They communicated with us continuously throughout the entire process and we felt comfortable all the way – it genuinely took a lot of the stress out of purchasing an investment property. Most importantly we feel confident we have purchased a great investment for us and our family!

    - Paul and Toni D

What is a buyer's agent?

Buying a new home or investment property is likely to be the biggest purchase you’ll make in your lifetime, so it pays to understand how the real estate game works.

If you’re just starting out you probably haven’t heard of a buyer’s agent. Just like real estate agents who help you sell a property, a buyer’s agent is a licensed professional who works for you and acts on your behalf to search, evaluate and negotiate a property purchase. They aim to ensure you’re as fully informed as possible and that you don’t overpay.

Buyer’s agents can offer either full or partial services to help you find the ideal property. Full service means the buyer’s agent manages the entire process for you, which includes:

  • A ‘wish list’ analysis to understand your requirements to determine your ‘needs’ versus ‘wants’
  • Search available listings
  • Inspect and short-list suitable properties
  • Evaluate recent sales data and provide a written appraisal
  • Oversee and arrange due diligence such as building inspections, pest, survey and engineering reports
  • Negotiate the property purchase price and terms
  • Oversee the contracts and exchange
  • Pre-settlement inspections
  • Settlement
  • Asset/property management/leasing
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Why use a buyer's agent?
  • Get the upper hand by using an expert who can interpret sales jargon
  • Access local knowledge if you’re relocating or purchasing in an unfamiliar area
  • Remove the emotion to ensure you don’t make an impulsive buy
  • Access more properties including off-market (silent listings) unlisted or pre-market
    listings before they’re advertised
  • Save money by securing your property quickly and at a lower price
  • Free up time that would have otherwise been spent searching the internet, calling agents and inspecting open homes every weekend
  • Eliminate stress
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Buyer's agents fees

Retainer/Initial Fees

Most buyer’s agents will ask for a proportion of their total fee to be paid upon signing the contract. This initial fee can range from $1,000 to 50% of the total fee payable. Often that fee is non-refundable and sometimes a portion is refundable if the purchase does not proceed.

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Fixed Fees

Whilst many buyer’s agents do charge fees based on a percentage of the purchase price, they will often lock in a fixed price for your search. For example if you’re looking at spending $1m – $1.5m they may fix the fee regardless of whether the property costs $1m or $1.5m.

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How do I choose a buyer's agent?

Choose your buyer’s agent carefully. Selecting the right agent is likely to result in you making the right purchase at the right price, saving you both time and money. The results achieved by a buyer’s agent will benefit you in the long-term and should amount to substantially more than the fee.

The choice of agent also comes down to who you feel most comfortable with, as a good relationship is also important in achieving a satisfactory outcome.

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