Category: Purchasing A Property

The difference between a buyer and seller’s agent


For many years the uptake of buyer’s agents in Western Australia trailed behind the eastern states, but today many WA homebuyers and investors wouldn’t think of buying a property without a buyer’s agent at their side.

With buyer’s agents becoming more prominent in Perth real estate, it can sometimes be confusing to know how the buyer’s agent’s role differs to that of a traditional real estate agent.

So, exactly is the difference between a seller and buyer’s agent?

Who works for whom?

Seller’s agent

Firstly, selling agents have their names on the signboard and are hired by a homeowner to navigate the sales process, including achieve a sale on the best terms possible. They must always act in the seller’s best interests, though they need to be fair to buyers too. (more…)

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How a Buyer’s Agent Helped Tom

What happens if you’re looking for a property but the odds are against your favour?

Here’s a story of Tom. 

Learn how Property Wizards Buyer’s Agent acquired his ideal property and helped him achieve his goals.

 

THIS COULD BE YOU!

Just like Tom, we can also find YOU the perfect property for your goals.  You may contact our property investment advisors directly on (08) 9381 7450 for a FREE 20-min strategy call.

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FAQ: How much does a buyer’s agent cost?

When it comes to purchasing your next home, the consequences of buying the wrong property can be expensive and far-reaching.

That’s why buyer’s agents exist – to help you succeed in your real estate journey and stop you from overpaying or buying the wrong property – potentially saving you thousands in the long run.

Understanding the cost of a buyer’s agent only further highlights the value that their service provides.

How much does a buyer’s agent cost?

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New from REIWA! The hidden benefits of a buyer’s agent

A lot of buyers never truly understand the value of a buyer’s agent until they use one.

Often a buyer’s agent handles lots of transactions every month, sharpening their intellect and feel for the market sentiment. The term ‘due diligence’ is transforming through technology in the property industry and buyer’s agents now have access to more information than ever before that gives power back to the buyer’s hand.

If you are still only half sure of what the role of a buyer’s agent is, here are five hidden benefits of using one.
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Can A Buyer’s Agent Really Help Me? (Infographic)

This is a very common question that we get asked a lot. While more and more people are realising the value of having a professional buyer on their side, we understand that taking your hard-earned money and paying someone to do the buying for you can be a risk.

Reality is, there are advantages and benefits that you will only enjoy with the help of a buyer’s agent.

Let me tell you the TOP FIVE Benefits of having a professional on your side.

click the image for a larger view

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8 Things You Get When You Engage with a Buyer’s Agent

More and more people are realising the value of having a professional buyer on their side. While real estate agents and property investment companies represent the seller or developer, property buyers’ agents act on behalf of buyers. They use their expertise and databases to search thousands of properties and find the best investment to meet the clients’ needs.

But what can a buyer’s agent do that you can’t do yourself? Why take your hard-earned money and pay someone to do the buying for you?

Here are 8 Things that you get only with the help of  a buyer’s agent:

1. Independence – unbiased recommendations

Buyer’s agents take the time to listen to your goals, where you’re at and what you want to achieve. They will then recommend the best plan of action to undertake. (more…)

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Perth set for a property market boom (expert forecaster)

Perth-set-for-property-boom

Expert property forecaster Terry Ryder predicts Perth is set for a property market boom.  If you’re wondering whether it’s time to buy Perth property, Mr Ryder puts forward some compelling reasons.

Ryder says the forces “building a perfect storm for the next Perth up-cycle” include

  • Active first-home buyers
  • Low interest rates
  • Ultra-low vacancy rates
  • Upward pressure on rents

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Seven reasons why you need a buyer’s agent (REIWA)

These days, more and more buyers are utilising the skills of a buyer’s agent to help them buy their next home or investment property.

So, when do you need a buyer’s agent and why? Here are seven signs you’re a buyer that should use the help of a buyer’s agent to make your purchase a success.

1. You’re a time poor professional

Many West Aussies struggle to maintain a healthy work/life balance at the best of times, so when searching for your next home, the last thing you want to do is spend hours scouring the internet to learn the current real estate lingo and make sure you are completely across property trends. (more…)

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Fast Recovery for Perth Real Estate

Sold SignPerth real estate has made a fast recovery from the April slowdown, where people were staying home, not sure where things were going and “waiting to see”.

As with so many uncertain periods, many tend to put off making decisions until they get a picture of what might be the way forward.

Well, Perth buyers have come out with their conclusion that it’s OK to take a few steps forward and resume where they left off before the Covid-19 stay-at-home. (more…)

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Karratha Developments to Boost Perth Property Confidence

After hearing for some time about the many new mining jobs up north, it appears things are starting to take off up there. This is welcome news for Perth property buyers and owners.

It’s reflected in the extensive developments taking place up in Karratha. New flights have been laid on, new FIFO camps are being built and housing availability has fallen to 1.5%. These are sure signs of increasing population and demand.

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Property Wizards Honoured with Top Buyer’s Agent Award

Property Wizards has been awarded Buyer’s Agent of the Year 2019 at the Real Estate Institute of Western Australia (REIWA) annual Awards for Excellence.

Taking out the top honour in their industry, managing director Liz Sterzel said she was honoured to be recognized by the state’s peak industry body.

“We are thrilled to be acknowledged for the work we’re doing at Property Wizards for our buyer clients,” she said.

“We believe our recipe for success is that we put the buyer’s interests first and continually adapt our buying strategies to the changing property market. This helps our clients tremendously, where they tread a fine line between missing out on a great property and making a disastrous mistake. (more…)

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What Subdivision And Development Buyers Are Snatching Up (And How You Can Too)

While most Perth property is only just starting to perk up, interest in subdivision and development sites has been building up for the last year. The right sites have a buzz of interested buyers at the home opens.

As an example, a corner triplex site in Greenwood auctioned recently had 9 registered bidders vying for the property in a fierce bidding war. A whopping 61 bids delivered a sale price of $521,000. This was $80,000 over the reserve price! It was by no means a bargain, and there were many hugely disappointed bidders left without a property. (more…)

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Why Buyer’s Agents are on the Increase (Case Study)

In recent years, the popularity of professional buyer’s agents has soared in Perth and across the country.

More and more investors and home buyers in the information age, are becoming increasingly savvy and demanding the services of professional buyer’s agents to work on their behalf.

Buyers now understand that it’s important to have expert help when they are buying property, as well as when they are selling, to ensure they get the best deal.

As well, investors are realising buyer’s agents save them precious time and money. While they spend their time where they can earn money – in their profession – buyer’s agents are locating the ideal property for them.

There is also the benefit that a buyer’s agent can save buyers money on the purchase price because they research the property market intimately and so stop them from overpaying.

Buyer’s agents also have the expertise and access to information that can prevent them selecting a property that will under-perform.

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HOMEBUYERS FOLLOWING INVESTOR FOOTSTEPS

Buyers’ agents have now become a permanent fixture in the Perth real estate market – and it seems investors aren’t the only ones taking up the service. There’s a rapidly growing trend for homebuyers to enlist the help of experts in their search for the family home.

Using a buyer’s agent was once mostly the domain of property investors, but a growing number of owner-occupiers are taking up the trend and with a degree of uncertainty plaguing buyers in today’s market, it’s an area that’s tipped to grow strongly. (more…)

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Smart homebuyers setting up for success (case study)

Steve Hartman* | Engineer | Sydney

“Our family is set for an easy move to our dream home in Perth. We couldn’t have done it without Property Wizards and we’re stoked with how smoothly and quickly it’s gone. The buyer’s agent fee is well worth the money and we’d do it again in a flash.”  Steve Hartman, Sydney

BUYER’S PROFILE

Steve and his young family were packing for Perth. Steve’s work transfer was a permanent one so he wanted a home where they would be happy for many years, and where their children could thrive. They longed to be near the beach and coming from high-priced Sydney to more affordable Perth, they could afford their dream home.

NO TIME WASTED

Being a busy professional, Steve was accustomed to using other professional services to accomplish important projects and had no hesitation in appointing a buyer’s agent to find them a new home. The Hartmans wanted to be settled in time for the start of the kids’ school semester so there was no time to waste.

READ THEIR STORY…

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