What is a Buyer’s Advocate – a Buyer’s Advocate are property experts whose role is to help you make buying property simple and easy. Many buyers go directly to selling agents for advice in purchasing a property, forgetting that selling agents are paid by the vendor to sell their home and may not act in the buyer’s best interest.

Buyer Advocates are licensed professionals with a wide ranging background in real estate who represent and assist either the potential home buyer or property investor to acquire property. Buyer Advocates are solely committed to the interests of the buyer and do not represent the seller in any way. A Buyer’s Advocate levels the playing field and helps eliminate stress and saves time when purchasing property.

Real Estate Agents are often struggling with lack of supply, demand is usually high and competition is always tough. Buyers are regularly being priced out of the market, particularly first home buyers, young families looking to upgrade and the Mum and Dad investors as well.

As a buyer’s advocate in Victoria, we are seeing purchasers being out bid and out played and either losing or overpaying… not only at auction in other situations such as a sale by set date or an expression of interest campaign. This is a game best played by those who are experienced and who know the pitfalls of the industry, not to mention the rights of the purchaser and the obligations of the selling agent.

Increasingly Buyer’s Advocate are being engaged by educated buyers to navigate the minefields of the real estate industry on their behalf and to show them the real value of property, this of course in turn will save them money, time and stress. The difference between buying an average property and a good property can be a difference of tens or even hundreds of thousands of dollars in Australia – this is the great benefit of having a buyer’s advocate.

What is a Buyer’s Advocate?

A Buyer’s Advocate role.

The role of a Buyer’s Advocate is to:

  • Search for properties and create a shortlife of properties for the Buyer as per the Buyer’s brief;
  • Assess the property to determine the market value;
  • Implement and execute a strategy to negotiate the purchase of the property. This could be via private sale negotiating, auction bidding or buying before auction;
  • Liaise with third parties, for example, building inspectors, solicitors, mortgage brokers;
  • Attend the pre-settlement inspection of the property purchased to ensure the property is in similar condition to when it is purchased.

If you want to learn more about what a buyer’s advocate service then contact Elite today – Contact Us