The Truth About Using Abuyers Agent

The purchaser can be represented by a buyers agent in any real estate transaction

. They must also comply with the Rules of Conduct. Have a look at the Rules of Conduct drafted by the NSW Office of Fair Trading's website. Read these rules to know how they should act on your behalf.

Your property conveyancer can advise you about using an buyers agent. Your agent will look after your interest and you receive independent advice - thats what your appointed agent will do. The fees that you pay them may be one of the best investments you will ever make in that they can locate that hidden property that may be silently listed just between agents.

With buyers flooding back to the real estate market you should not wait. Your agent will make finding a property less hassle for you, they do all the work. You can source a list of agent on google just by entering the relevant search term.

The services offered by them include:

Youve located the property have your buyers agent act in relation to negotiating the price.

If you are time poor then they are the person to employ to to find your property to purchase. When briefing them remember to include details of the following

Finances

The suburb where the property is to be located

The number of bathrooms, bedrooms the property must have.

Property can be listed openly on the market or by way of a silent listing - and they should have access to all these properties.

Price is not only the thing your agent will find out for you, they will also research the property to advise you regarding land size, lenght of time on the market etc. Remember they are YOU and will inspect the property if it fits your brief and then they will arrange for you to see the property as well.

When the property has been located they will begin the negotiations with the vendors real estate agent. This can be quite a skillful process and you may actually save money by having them negotiate on your behalf. When the vendor and yourself come to an agreement, the property conveyancing process will begin.

Your Property Conveyancer will then commence the conveyancing process which will include legal advice regarding the terms and conditions of the contract, unconditonal loan approval liaison with your mortgage broker, contracts being exchanged, and then settlement taking place.

A buyers agent can be your best friend in making the process of finding of your ideal property seemless and smooth.

So when considering purchasing real estate in New South Wales also consider whether or not a buyers agent would be right for you.

by: Judy Bliss

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