A Buyers Agent is an independent licensed real estate agent that works for the buyer. They will have their clients best interests at heart and negotiate and act in favour of their client. They are not the selling agent who is working for the seller, we do not receive kickbacks, commissions or rebates from any other source. The buyers agent sole focus is to undertake a step by step process that ensures that the buyer purchases the best possible property to suit their needs, at the best possible price and conditions. The service can be all inclusive, or you may wish to engage a Concierge Service as required.
The buyers agent should work with you, they should find out what is important to you. For example; What kind of property are you looking for? What are your wants and needs? What area are you hoping to purchase in? This information allows the buyers agent to start the search for your ideal purchase. They will undertake the due diligence and legwork to create a short list of possible properties to review. They should be able to eliminate any properties that appear relevant, but on further inspection aren’t quite right. The buyers agent will use their working relationships with selling agents to review any “off market” listings and new upcoming listings.
The buyers agent will provide analysis of any shortlisted properties. Analysing the quality and value of the property, the listed price, the current market conditions and anticipated value.
Once a property has been selected the Buyers Agent will negotiate on your behalf, they are experienced negotiators and will work to achieve the best possible price, or to represent and bid for you at auction.
The Buyers agent service also includes Pre Settlement and Contract Conditional Process. Managing the conditional phase of the contract to ensure that all obligations and deadlines are met. The introduction or liaising with solicitors for conveyancing and arranging of building and pest inspections. The buyers agent will also attend pre settlement inspections to ensure that everything is in order prior to settlement.
Buyers agents are becoming increasingly popular in Brisbane and across South East Queensland. Whether you are a first home buyer, a property investor or looking to purchase a million dollar investment, we can help you with your property journey, to find out how contact us today. Visit www.qstateproperties.com.au or call on 1300 778 283.
Negotiating skills are essential to have in many situations particularly when you're navigating the purchase of large items or assets. With the high value that property transactions attract, knowing how to navigate the negotiation process is crucial. Not only can strong negotiation skills help you in other areas of your life, but it can save you thousands of dollars. Here are a few things to remember when you're negotiating your next property transaction.
It's got to feel win-win
The negotiation process needs to feel like a win for both parties in a transaction. If you negotiate too hard with a seller, they may not take you seriously, and the sale won't proceed. Similarly, if the seller negotiates too hard, you may be inclined to walk away. The key here is finding the middle ground for both parties to be happy with proceeding.
It's not all about dollars
While negotiating price is a big part of the property purchasing process, there are other terms and conditions that you shouldn't forget either. For example, as you negotiate on price, you can negotiate other terms and conditions too such as included fixtures and furnishings, finance terms, and building and pest terms. If you're buying a new property, you may have additional non- financial items you could negotiate as well including discounts on certain finishes and upgrades.
Knowledge is power
Entering a negotiation without adequate knowledge will diminish your chances of getting what you want out of the transaction. When you're purchasing a property, make sure you invest the time in building your knowledge base about the local property market, relevant property sale comparisons, and rental yields for the area. At this point, it may be worth paying for information if it will save you time and help you determine whether to proceed with the transaction in the first place.
Keep your options open
You never want to enter a negotiation appearing like this is your only option. Make sure the other party is convinced that you're looking at other properties and you have other options. Simply mention that you're looking at other options as you lay out the facts and figures in the negotiation process.
Have an expert help you
If you're new to negotiating, or the thought of negotiating a big transaction intimidates you, invest in getting some coaching to help you through the process. You could even engage someone to help in the property purchase process directly. Q State Properties can assist with our Buyers Agent Service.
If you would like to know on how we can help you with your next property transaction please do not hesitate to give us a call on 1300 778 283 or email firstname.lastname@example.org