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WHAT IS THE DIFFERENCE BETWEEN A BUYERS' AGENT AND A SELLING AGENT?WHAT DOES A BUYERS’ AGENT DO?THE BENEFITS OF USING A BUYERS' AGENTSave Time: A buyers’ agent can shortlist properties faster.Searching the internet, calling agents, arranging inspections and viewing properties every weekend can continue for months on end, which is exhausting and can make it difficult to maintain momentum. Professional buyers’ agents will have an extensive and established network of real estate agents to draw on to produce a qualified list of properties to suit your preferences. From this list the buyers' agent will efficiently cull the unsuitable properties leaving only the most ideal properties for you to view at a convenient time. The average home buyer or investor typically takes 6 to 12 months to get to know the local real estate market, find properties and eventually secure one. By this time, it’s possible that a rising market may have seen prices increase by over 10%. Even with all the latest apps and online tools, it still takes time to vet the vast array of options available and work out what is worth inspecting. With a qualified buyers' agent on your side, finding that perfect property in Sydney (or Melbourne or Brisbane) can take as little as 30 days. Save Money: We’ll negotiate the lowest possible price.A skilled real estate buyers' agent will be able to save you
a lot of money! As they are in the business of buying properties on a daily basis they become very proficient at negotiating. For example, a Sydney buyers' advocate will protect you from making an emotional purchase in an area that looks lovely but doesn’t have as much promise as a suburb a few streets away. As they don’t have a vested interest in the property, they can
negotiate objectively on your behalf. An expert buyers' agent will be able to level the playing field and give you the upper hand in negotiations. Buyers’ advocates know the local real estate market values intimately, so they will be able to provide you with the confidence that you are paying the right price. When it comes to bidding at auction, the buyers’ agent knows which tactics are successful and which are not, and is able to prevent you from getting caught up in the heat of the moment. Save Stress: Don’t let emotions cloud your judgment. Let your buyers' advocate deal with real estate agents.Let’s face it – dealing with real estate agents is not top of everyone’s priority list. Research has shown that selling agents rank poorly on the trust scale of professionals (doctors at the top car salesman and real estate agents on the bottom). Using an experienced and licenced buyers’ agent means you never have to deal with real estate agents. Underquoting is a common practice that causes many buyers incredible frustration. A skilled property buyers' agent in Sydney, for example, will be able to determine in a heartbeat if the price quoted is realistic and if you have a chance of securing the property. Having a buyers' advocate on your side means you get the truth about the market, the property and what needs to be done to buy it successfully (without the selling agent knowing you are emotionally attached). Discover silent listings: We can uncover the 40% of properties sold on the quiet in Australia. Did you know that our property buyers' advocates in Sydney can uncover many “off-market” opportunities for you to view? With a wide network of professional real estate agents, the buyers' advocate can get access to new listings before they hit the open market. Some vendors prefer to sell in the quiet and avoid the hassle of open inspections and to avoid marketing fees. Sales agents like dealing with buyers' agents as they present a qualified buyer, with finance approved and ready to buy. Off market opportunities abound in the prestige market with a very high percentage sold in this manner. Privacy and discretion are the main reasons for luxury property vendors choosing a silent listing method of sale. Buyers' agents are usually the first to be notified of these opportunities. Buy right: Location is everything. Discover the facts about the hot spots before you buy.Whether you are buying a home or investment property, selecting the right suburb is paramount for your success. Buyers' agents that specialise in investment property have access to the latest research and statistics to help you pinpoint the best areas for long-term capital growth. There is a clear science behind property investing and sticking to the fundamental drivers of population growth, employment opportunities and infrastructure growth means you can optimise your investment decision-making. The investment buyers’ agent will provide research on the areas recommended then commence shortlisting specific properties that fit the investment criteria. This removes the uncertainty and guesswork that are inevitable if you try purchasing real estate for investment purposes on your own, and provides you with the opportunity to maximise your returns. HOW MUCH DOES A BUYERS' AGENT COST?A buyers’ agent is paid for their professional service as either a fixed fee or as a percentage of the purchase price. Buyers’ advocates typically offer three main services: full search, appraise and negotiate and auction bidding. The fees may range from 1.5% to 3% of the purchase price or the flat fee equivalent.  The majority of buyers agent set fees around three main services:
Most professional buyers’ agents charge an engagement fee as a form of retainer. This is simply compensation for the amount of time and effort the buyer’s agent will spend searching for properties and undertaking research. It also ensures commitment from the buyers’ advocate and the buyer. This ranges from $3000 up to 50% of the total fee payable. The total buyers’ agent fee will depend on your specific requirements, search parameters, budget and degree of difficulty. It’s important to understand you are engaging a professional property consultant to act impartially as your representative in searching and negotiating for your next home or investment property.
What's an advantage an in person meeting has over another way of communicating with a potential buyer client?What's an advantage an in-person meeting has over another way of communicating with a potential buyer client? Since they've had face time with the licensee, buyers are more likely to stay with that broker.
Which of the following is a role of an agent who's assisting the buyer but representing the seller?The subagent works for a real estate company different from the company for which the seller's agent works. The subagent can assist a buyer in purchasing a property, but his or her duty of loyalty is only to the seller.
Which of the following best describes a buyer agency agreement?What best defines an open buyer agency agreement? This is a nonexclusive agency contract between a buyer and a broker and only the broker who actually locates the property that the buyer eventually purchases is entitled to the commission.
Is a buyer agency agreement required in PA?There are laws regulating the types of terms that must be in these contracts like how long the contract lasts and the amount of compensation. In Pennsylvania, it is illegal for an agent to accept compensation for acting as a buyer agent without a written and signed buyer agency contract.
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Why might you want to share the progression of buyer agency over time with a buyer?
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