Hi, I'm on the right in the picture above.
I live in Melbourne, and we recently bought a property we really like thanks to a buyer advocate.
We saved about the buyer advocate fee (~$10k), and they negotiated the sale.
That was after 3 months of helping us find and assess other properties.
Friends were baffled when I told them we were using a buyer advocate.
Most told me it was a waste of money.
However, seeing and hearing the insight and witnessing the professional skills, I'm even more convinced that people buying a home could benefit from getting a real estate professional on their side.
It was obvious as inexperienced buyers that real estate agents didn't care about our situation, they care about the vendor.
Having a professional that can see the opportunities and negotiate, bid and manouver was a big advantage.
Not only when dealing with the vendor or their professional agents, but when competing against other buyers.
Especially at auction, which every seller in Melbourne seems to have a go at first.
FAQs
What is a buyers advocate?
They're a real estate professional that works for the buyer, not the person selling the property (that's the real estate agent).
They apply their expertise to get the best possible result for the buyer.
Buyers advocates are also called buyers agents.
Do many people use buyers advocates in Australia?
No. Maybe between 1% and 3% of properties purchased are with a buyers advocate. This feels strange to us after using a buyers advocate and having a great experience.
If you're making one of the most significant purchases in your life, why wouldn't you have a professional on your side?
What skills to buyers advocates bring to the process?
- Market and property price intelligence
- Finding off-market properties through their network
- Negotiation skills
- Experience bidding at auctions
- Project management of the buying process
They're also reassuring and someone on your side throughout the whole experience. Lots of emotion and expectation can be present any point along the journey. Having an experienced professional who has been through it many times can be calming and help you maintain perspective.
How does Hallway.au work?
- It's a directory of buyers advocates in Australia.
- It's a source of information for people considering a buyers advocate when the next purchase a property.
- It's a free matching service where buyers share some information and we track down a shortlist of reputable and relevant buyer advocates.
Have a question? Contact us.
