How much does a buyers agent cost in Canberra

HOW MUCH DOES A BUYERS AGENT COST IN CANBERRA

YOUR GUIDE TO BUYERS AGENT COSTS IN CANBERRA

INTRODUCTION

Hi there savvy home hunter. 

THE GOOD STUFF

First Things First: What Does a Buyers Agent Do?

We consider ourselves to be your personal guide through the home-buying process. We are legally required to work in your best interests and that guides us in all that we do. Just some of the things we help with are:

• Understanding the local real estate market
• Finding properties that meet your needs
• Sourcing off market listings that you won't find on your own
• Schedule and attending open homes
• Write and negotiate offers
• Provide pricing advice
• Assist in deciphering contracts and reports
• Bidding at auction

Essentially, we are here to make sure you don’t overpay, miss red flags, or get overwhelmed by the paperwork and details that come with buying a home or make a costly mistake that could

What If You Don’t Use a Buyers Agent?

Technically, you can buy a home without a buyers agent — but it’s a little like going to court without a lawyer. You’re dealing with contracts, negotiations, inspections, and a six-figure investment.

Also, if you go straight to the listing agent, they represent the seller, not you. They may be friendly and helpful, but their job is to get the best deal for the seller, not for you.

In most cases, having a buyers agent saves you more than it cost you in time, stress, and money in the long run.

Buyers agents typically charge either a fixed fee or a percentage of the purchase price, this will vary depending on the length and breadth of experience of the agents in the industry and in the Canberra property market.

The percentage based model will have agencies charging between 1% & 3% of the purchase price usually with an upfront engagement fee paid at the commencement of the search with the remainder paid upon exchange of contracts on the property.

Some agencies like ours, Hyde Burchell Buyers Agents, charge a flat fee that varies depending on the service that best suits your needs and budget.

In the past we have swayed between a fixed or percentage model but we find that our clients prefer to know what the total cost will be regardless of the end purchase price of the property. With a fixed fee, they know our intention is to always find the most suitable property and not the most expensive one.

Some important factors to consider when choosing a buyers agent and considering the fees against other agencies are.

1. Is the buyers agency totally independent and not part of a selling agency or development company
2. Do the buyers agents work fulltime in the industry and have a bricks and mortar office that you could visit if you chose to?
3. Does your buyers agent use the latest technology and software so that the process is as seamless as possible?
4. Has your buyers agent just finished an online course and is now dabbling in the real estate space part time to earn some extra income or are they a seasoned professional?
5. Is your buyers agent based in Canberra and not working behind a laptop from another part of Australia and directing you to properties based on data alone and not local knowledge?

Hyde Burchell Buyers agents offer fixed fee prices for a variety of services including downsizers, auction bidding, investors and first time buyers.

CONCLUSION

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