There’s a lot to take into consideration when investing in property. The buying process can be pretty expensive between the stamp duty, legal fees, conveyancing costs, and of course the purchase price itself. This may leave you weighing up whether you really need the help of a buyer’s agent or not.
Here at Monopoly Wealth, we understand everybody’s property investment price bracket will vary depending on circumstances and disposable income levels. Much like buying shoes or clothes, there really is no one-size-fits-all number that any investor can fit into.
Any property buyers agency worth their salt will take into account the unique needs and goals of their clients. They will perform their due diligence and build a suitable property portfolio that is sustainable and provides a return on their investment that covers any buyer’s agent costs and then some.
The aim of this article is to demystify the fee structure of buyers agents in Australia. But before we talk dollars, we need to unpack the services that are provided by property buyers agents.
What do buyers advocates or agents do?
In its most simple terms, buyers agents assist you with the whole process of buying a property. More specifically, most buyers agents offer tangible services including:
- Performing research and due diligence to find the ideal property investment for you.
- Networking with local real estate agents, selling agents, mortgage brokers and lawyers.