What is a Sydney Buyers Advocate?
A Sydney buyers advocate, also known as a buyers agent is a licensed professional that works exclusively for the buyer. Unlike a real estate agent, who works for the seller, they provide expertise, guidance and advice throughout the purchasing process.
The main objective of a buyers advocate is to ensure the buyer is supported throughout the process and to help the purchaser buy the right property for the best possible price. As experienced buyers advocates our team has in depth knowledge and understanding of the Sydney property market including pricing, location and what constitutes a superior property.
A huge benefit of engaging a buyers agent is their network of industry professionals and their ability to turn things around faster than the average buyer. Having access to large agent data bases, off-market properties and relationships with solicitors means not only can we uncover more properties than most buyers but also we can act quicker when the right property presents itself, providing buyers with a strategic advantage. This can lead to a smoother transaction and a better outcome for the buyer.
The Role of a Buyers Advocate in the Sydney Property Market
The Sydney real estate market is known for being highly competitive and for having some of the highest property prices in Australia. With a limited supply and high demand finding the right property can be a daunting and time consuming task for buyers. Most buyers we speak with have spent months scrolling listings, attending open homes, purchasing inspection reports and second guessing offers which has resulted in confusion and missing out on properties. A buyers advocate handles all of that and provides access to better properties and stronger negotiating power due to experience, understanding of psychology and agent tactics.
Theres a misconception that a buyers agent just finds a property and sells it to the buyer. At Austin Buyers Agents I find most times it’s actually the opposite. A huge part of our job when completing research and due diligence is informing the buyer when to walk away from a property and why.
Quite often in Sydney there are multiple offers and bidding wars for high quality properties. This doesn’t just mean renovated properties but highly sought after streets, locations and proximity to desirable amenities or schools.
How a Sydney Buyers Advocate can save you Time, Money and Stress
Not all properties are superior and its our job to provide buyers with the facts and findings to make an informed decision. By understanding this fundamental rule when buying a home or investment property, it helps you to look through a discerning lens rather than just a subjective opinion tied to emotion. As Sydney buyers agents our team work closely to ensure our clients have the full picture and are confident before proceeding with a purchase.
A lot of first home buyers in the market struggle to understand value and pricing a property. Which is fair because there are certain pockets of suburbs that sell for different prices and most buyers don’t factor this in.
Think of a buyers advocate as your personal guide, working towards securing the right property for your specific brief, location and budget. Armed with an extensive network and market insight helping buyers to navigate the property market with ease rather than resistance. Our clients often secure properties for below market value and before they’re even publicly listed to realestate.com or domain.
Buyers Advocate Fees
Looking at a buyers advocate fee without understanding how much work is involved and exactly what we do can seem expensive from the outset.
Another factor is the time saving aspect, Austin Buyers Agents has an average purchasing time of 34 days, compared to the typical 9-10 months for the standard buyer. In the time it takes most buyers to finally secure a property they have generally missed out on 4-5 properties and are often priced out of the suburbs they wanted to live in.
The average buyer takes around 9 months to secure a property in Sydney. With a typical annual price growth of around 6%, that’s an estimated 4-5% price increase whilst you’re still searching. On a $1.5m property thats between $60,000 and $75,000 in growth alone. Suddenly a buyers advocate fee of $25,000 seems like a much smarter investment.
Benefits of Hiring a Buyers Advocate Sydney
In-Depth Market Knowledge
A Sydney buyers advocate possesses extensive knowledge of the local real estate market, including suburb trends, property values and superior locations. By leveraging this expertise, you gain a competitive edge and a comprehensive understanding of the real estate market.
Tailored Property Search
Saving valuable time and effort by having a buyers advocate customise your property search. Based on your requirements, preferences and budget. They will identify and shortlist properties that meet your criteria, ensuring a more efficient and targeted approach to your search.
Access to Off Market Listings
One of the most significant advantages of a Sydney buyers advocate is their access to off market listings. These are properties that are not publicly advertised on real estate portals. Off-market properties offer a distinct advantage, less competition, better pricing and a smoother process for both the buyer and the seller.
Skilled Negotiation
Negotiating the best terms, conditions, and price is a critical aspect of any property purchase. A good buyers advocate possesses superior negotiation skills and experience, advocating for your interests and aiming to secure the most favourable deal on your behalf.
Streamlined Due Diligence
Sydney buyers advocates have a thorough understanding of the research and due diligence process. They will conduct comprehensive property inspections, review legal documents and liaise with relevant professionals, such as building inspectors and solicitors to ensure your best interests at every step.
Stress-Free Experience
Buying property in Sydney is stressful, the competition is fierce, stakes are high and the process can be exhausting. Engaging a buyers agent will ensure that a professional is working solely for you from search all the way through to settlement.
Local Network and Connections
Having an established network of contacts within the real estate industry is invaluable. A Sydney buyers advocate leverages their connections to gather crucial data, access upcoming listings and ensure the entire process runs as smoothy as possible.
Why Choose Austin Buyers Agents as your Sydney Buyers Advocate
At Austin Buyers Agents we understand the Sydney property market inside and out. Our team of experienced buyers advocates have helped hundreds of clients to secure a home or investment property. We handle everything from searching, due diligence, research, negotiations and settlement, so you don’t have to.
We handle everything from property searches and due diligence to negotiations and settlement, so you don’t have to. Whether you’re a first home buyer or looking to invest, we’ll guid you through the entire process from day one. Get in touch when you’re ready and we’d be happy to help.
Meet Your Sydney Buyers Advocate, Luke Bindley
