FAQ - Buyers Agents Services

Why Use a Buyer Agent

Why Use a Buyers Agent in Melbourne?

Melbourne has one of the most competitive property market in the world.  On any given week, up to 80% of the buyers missed out of properties because of they are misinformed, uninformed or simply ignorant.  Many successful buyers also ended up overpaying unknowingly.

Our service is not for everyone.  But through our 20+ years of experience in working with buyers, we have found that many buyers:

❌ do not have a property buying plan

❌ do not have enough time to find the property

❌ fear overpaying for the property

❌ do not fully understand what is involved in due diligence

❌ do not like to deal with real estate agents

​❌ are mislead into believing real estate agents are helping them to buy the property, when the exact opposite is true.

How much are Melbourne Buyers Agents services and knowledge worth?

Only you have the answer to this.  How much do you value your time?  Here are some facts to help you determine.

High performing professional property buyers and property investors know the quality and savings from the services of a buyers agent is worth more than the cost of the property buying service. 

Buyer agent services are not for everyone.  In Melbourne, savvy property investors have been willing to invest a small fee to engage the services of a buyer agent, because they understand the services can save them over $100,000! 

Find out why.

What is the difference between a Buyer Agent and Listing Agent (Selling Agent or Vendor Agent) in Australia?

The typical real estate agent you see running the open inspections, and sales such, are your listing agents or vendor agents

They sell properties and are paid by the seller (vendor) to look after the sale.  What you might not know, is that they are obliged by law to get the best for the seller.  The real estate listing agent is essentially working against the buyer.

A Buyers Agent or Buyers Advocate like us, on the other hand, is engaged by the buyer, to look after their purchase.  We are obliged by law to ensure the best purchase outcome for your property purchase.  Be it, lowest price, longest possible settlement period, etc.  We provide you with an impartial and independent opinion of the property.  We tell you the good and the bad of any property we recommend.  We search across all  sources, out networks, our contacts in the industries, all listing agents, and all real estate agencies, to recommend the best properties for you.

Find out more information here.

How much can a Melbourne Buyer's Agent save me?

Savings is not the only reason why property investors engage the services of a buyer's agent. Some are time poor. Some do not like to deal with selling agents. Some want exclusivity. Some wants trusted advice from truly independent professionals.
Have you ever wondered how much it cost to search for your own property? ​ Research has shown that by using a buyer's agent, you can stand to be over $100,000 better off.

Read the facts here.

Can any buyer's agents guarantee the maximum discounts in Melbourne?

The short answer is yes.  Our role as responsible buyers advocates in Melbourne is to help you buy the property you want, at the best possible price.  Does this always mean it is a discount?  We can always low-ball an offer, but if it means you will miss out on the property, we will let you know.  In a sellers market, buyers always end up paying more the longer it takes them to buy, so, we will likely end up paying more for our next property.

Some buyer's agents are promising $x thousands in discounts.  How do they do that?

The prices could be inflated, before they claim to "give you a good discount".  Or they could be incentivised (aka paid) by the vendor (usually developers) to sell the property.  Or there are something ultimately wrong with the property.  Is it falling apart?  Does it need a rebuild?  Does it have a sinister history?  If you are prepared to accept these properties, we definitely can find them for you.

When should you NOT use a buyer agent in Melbourne?

We're upfront with our clients.  Integrity and honesty is why our clients have trust our opinion.  And this is why our clients come back for their 2nd, 3rd and subsequent properties.

We'll be honest.  We would rather lost a prospect than to sign up someone who doesn't need our service.

Our buyers agent services are not for everyone.  Not everyone need a home buying service.  

If you are in one of these categories, a Melbourne buyers agent is probably not for you:

  • Your do not appreciate the value of your time.

  • You do not mind spending months searching and attending property inspections.

  • You do not mind spending your weekends and evenings attending disappointing property inspections.

  • You do not mind spending your evenings on property searches, instead of spending time with your loved ones.

  • You do not mind the risk of buying the wrong Melbourne property.

  • You do not mind over paying for your Melbourne property.

  • You trusted and graduated from the University of Google and/or University of Facebook.  You trust the faceless "experts" behind the public domain advice, and  you can differentiate fact from fiction.

  • You are happy with the public property listing boards, and are not interested with the fact that more than 70% of the Melbourne properties sold or bought are never listed publicly.

  • You do not mind going all out, bid at all costs, to out-bid your competitor.

  • You insist on a minimum of 20% discount, which is unlikely, in a hot market.

  • You insist on profiting from the misery of motivated sellers. Our integrity says no to us profiteering from unfortunate homeowners. Sorry!  But we will still get the best buying outcome for you.

Which Melbourne suburbs do our Buyers Agent buy in?

As truly independent Buyers Agents, we are not restricted in where we can search and buy.

We do not have any listings, and thus, we are not restricted to push only certain properties or areas to you.  If there is a good deal which suits you, we'll get it for you.

In recent years, we've bought in Glen Waverley, Wheelers Hill, Doncaster, Mt Waverley, Melbourne CBD, Docklands, Box Hill, Ashburton, Bentleigh, Mt Martha, Drouin, Traralgon.

Have a look at our major service areas.  

Are all buyers agents in Melbourne the same?

No. 
Did you know, there are too many property buyer experts who are unlicenced?  Yes, property buyers agents are property agents, and we have to be licenced and insured, just like any other property agents.  We are bound by the same code of conduct and law to ensure our clients are protected and are receiving the appropriate home buying service.  
There are, unfortunately, too many unlicenced property spruikers claiming to be buyers agents and property investment experts in the market.  They charge you a fee to sign up to their "property mentoring program", and then charge another set of fees to buy a "good investment property at a good discount" for you.  And they always seem to have bought near the property they are selling to you.
It's not surprising that many such fake buyers agents are receiving substantial commissions from the developers they recommend.
Isn't it good to be receiving money from both the sellers and buyers?  How neutral will their recommendations be?  Would they prefer to sell more for someone giving them more commission?  Or are you missing out on some really good deal simply because they do not get any commission?  
It is illegal for a licenced buyer agent to receive commissions from the seller and charging the buyer a fee.  This is to ensure that buyers receive the most impartial and independent advice on the property.

What is an off-market property in Melbourne?

There could be many reasons why a property is "off-market".  Generally, an "off-market" property is a property that is:

  • Property which is not for sale.

  • Property which is for sale, but not advertised on the main real estate websites such as realestate and domain.

  • Property which is for quick sale, at all cost.

  • Property that was previously listed and marketed and then withdrawn from market.

Very often off-market properties are also not staged for sale.  And it takes an experienced property professional to see through the clutter, to appreciate the true value of the property.

What is the difference between Off-the-Plan and House-and-Land mortgage?

In an Off-the-Plan purchase, you typically make a 10% deposit for the purchase, and the remaining 90% is due when it it ready for settlement.  You have 1 single mortgage for the purchase.

In House-and-Land purchase, you will have 1 mortgage for the land, and a separate construction loan to build the house.  Payment is made to the builder usually at 6 different stages of the construction phase.

How do I calculate yield?

In property investment, there are 2 main types of yield.  Net Yield and Gross Yield.  Here are the differences.

How do you inspect a Melbourne property without being physically on-site?

It takes a lot of trust to believe the sales agent.  Afterall, the sales agent works for the seller and are legally required to protect the interest of the seller, NOT the buyer.  Our independent buyers advocates is the exact opposite of the vendor agent.  Our buyers advocates are engaged by you, the buyer, to help and protect you in the property transaction. When it comes to property inspections, we can inspect the property on your behalf, and provide you with an independent review of the property.

How can you buy an interstate property in Australia?

If you are planning to purchase an interstate property, the easiest and safest way is to engage the services of a buyer's agent.  If you are overseas or not in Melbourne, but are interested to buy a property in Melbourne, our Melbourne-based buyer's agent is on your side.  We ensure you are taken care of, in the property purchase.  We are your on-site professional buyers advocate who will represent you in your purchase.  We inspect the property, perform the due diligence, and organise the entire purchase process on your behalf.

How can I buy my property in Melbourne fast and with confidence?

Being prepared and being always aware of the every evolving property market is the key to buying your property fast and confidently.
You should be sufficiently informed of the market to be able to look at a property and determine its demand, appeal, potential.
It takes months of research in the area, and a good understanding of the vendor and buyer demographics, plus good insight and data support to be able to do that.

Can a Real Estate Buyer's Agent provide financial or investment advice?

A real estate agent is skilled in properties.  A sales agent would be able to sell your property for the highest price.  A Buyer's Agent would be able to help protect your buying interest, to ensure you are getting the fairest representation in the purchase.  A good agent would be able to confidently guesstimate the future price growth, based on characteristics of the property, the site, and the market demands and conditions.


But can a real estate agent provide financial and property investment advice?  Our honest answer: NO.  Real estate agents, or buyers agents are not skilled in providing financial advice.  Sadly, many buyers agents do try to convince clients that they can, in order to get your business.

Our agents are, however, all successful investors and we know a good deal and property with good growth potentials when we see one.  Can we confidently say if you buy this, you will be able to be financially independent in x years? No. We can't, we won't, and honestly, no one can.

How much are buyers agent services and knowledge worth?

High performing professional property buyers and property investors know the quality and savings from the services of a buyers agent is worth more than the cost of the property buying service.  In Melbourne, using the services of a buyer agent can potentially save you over $100,000!  Find out why.

How can I buy my property fast, in the Melbourne Property Market?

​It is easy to buy your property fast.  Here are some tips.

  • Know what you can afford. 

  • Know what you want. 

  • Know the market well. 

  • Know the area well. 

  • Know what's available in the market. 

  • Know what others are prepared to pay for the property. 

  • Know what the property is worth confidently. 

  • Know why the property is worth more than other properties. 

  • Know why the property is worth less than the other properties.

  • Know what properties are available, before they are being openly listed.

  • Know when to buy well before anyone else does.

  • Know what to offer before anyone else does.

  • Know how to interpret the data.

  • Know what the data tells you.

If you do not know what these are, you should keep studying the area and doing your research.  It usually take many months for a person to know the area well.

Or you might want to consider using our buyer's advocate service.

How can I find a Melbourne buyers advocate near me?

Buyer's advocates are a relatively new concept in Australia. Buyers advocates fees used to be expensive as they cater mainly to rich and professional investors.

But savvy property investors in Melbourne are starting to realise the confidence of buying the right property quickly, with the help of buyers advocates in a property purchase.

How to you choose the right buyer's advocate near you?

Ensure they:

  • are fully licenced

  • are fully insured

  • are truly independent

  • understand what you want from the property

  • are honest and upfront.


People who aren't afraid to loose a business and tell you what you don't like to hear, are people whom you can always trust to tell you the bad news.

There are red flags to watch for, when you choose a Buyers Agents.  Be wary is the buyers agents:

  • insist on a particular property "strategy"

  • seem to be buying where they recommend

  • who thrash others' opinion

  • who thrash your property expectations and insist on replacing that with their recommendations

  • insist on recommending brand new or off the plan or house and land packages, and charge you a fee for that recommendation.

 

FAQ - Concierge Buyers Advocates

Outsmart the market and avoid paying inflated prices.

How can our Buyer's Agents at Concierge Buyers Advocates help you?

✅ SAVINGS:

  • 98% of our property buying clients buy their properties within 3 months;

  • You save more than our fees;

  • You will receive quality, reliable and comprehensive property buying services, saving you over 6-9 months of frustrating property search;

✅ INTEGRITY:

  • 100% independent and we only work for our property buying clients;

  • We ensure trust by only providing honest and unbiased opinions and insights into the property and property market;

  • Majority of our clients are repeat clients and referrals from satisfied clients;

✅ SERVICE:

  • Our bespoke home buying program, are tailored to work with your requirements and expectations, and we adjust our buying services just for you.

  • Quality, reliable and comprehensive property buying services, saving you over 6-9 months of property search;

  • We update you throughout the  entire property buying process,

  • We search through the best suburbs for the right property for you.  

What are the benefits of using the Buyer's Agent service from Melbourne based-Concierge Buyers Advocates?

As a comprehensive Melbourne Buyer Agent service provider, some of the benefits of using our services are:

  • Shortens property buying process from about a year to 2 months

  • Low Cost, Low Fees, No-nonsense

  • Work with you throughout the entire property purchase process

  • Puts you in touch with mortgage brokers, who will provide you with some of the best mortgage plans and best mortgage rates available from over 50 different lenders, if necessary.

  • Manage the entire property buying process, from finding properties, submitting offers / bidding, to organising the pre-purchase inspections such as building and pest, conveyancing and settlement for you.

  • Access to listings from a variety of sources, including off-market properties, pre-market properties, new and upcoming properties, and discounted properties. 

  • Use advanced fact based artificial intelligent property analytics and research tools to analyse our recommendations / selections.

Read more here

Look at what some of our customers say.  

Why use the property buying service from Concierge Buyers Advocates?

For a small fee, our professional property buyer service lets you take advantage of:
✅ avoid overpaying unknowingly
✅ having access to off-market property
✅ having access to discounted properties
✅ having access to some of the best property deals not accessible to general public
✅ having access to unbiased opinion about a property purchase or property plan
✅ reduced inaction cost
✅ reduced buying cost
✅ reduced buying anxiety
✅ reduced hassle from real estate agents
✅ simplified, faster purchasing process
✅ deeper insights into the area
✅ levelling the playing field against selling agents
✅ buy with confidence, comfort, knowing you finally have an agent working for you.

Why Choose Concierge Buyers Advocates

With a property buying success rate of over 95% within 2 months, and 98% within 3 months, you know you have found one of Melbourne's most results driven and innovative Buyers Agents in the industry. 
Our fully licenced and independent buyers agents protect the interests of property buyers, simplifying the property buying experience, and making sure buyers buy the right home or investment property they want, and at the right price.

Which Melbourne suburbs do Concierge Buyers Agent buy in?

We are truly independent Buyers Agents, and we are not restricted in the suburbs where we can buy.

We do not have any listings, and are not restricted to buy only certain properties in certain areas.  If there is a good deal for you, we'll get it for you.  

In recent years, we've bought in Glen Waverley, Wheelers Hill, Doncaster, Mt Waverley, Melbourne CBD, Docklands, Box Hill, Ashburton, Bentleigh, Mt Martha, Drouin, Traralgon.

Have a look at our major service areas.  

Is it worth using a Melbourne based Buyers Agent from Concierge Buyers Advocates?

We've been asked if it's worth to use a buyer's agent. How much can a buyer's agent save you?  What can a buyer's agent do that you cannot?  Here's what you should know when you engage a buyer's agent.

 

FAQ- Foreign Property Buyers in Melbourne

Buy like a local. Buy with the right local insight.

Are all buyers agents in Melbourne the same?

No. 
Did you know, there are so many property buyer experts who are unlicenced?  Yes, property buyers agents are property agents, and we have to be licenced and insured, just like any other property agents.  We are bound by the same code of conduct and legislation to ensure our clients are protected and are receiving the appropriate home buying service.  
There are, unfortunately, many unlicenced buyers agents who claimed to be property investment experts, charges you a fee to sign up to their "property mentoring program", and then charges another set of fees to buy a "good investment property" for you. 
It's not surprising that many such fake buyers agents are receiving substantial commissions from the developers they recommend.
It is good to be receiving money from both ends, isn't it?  How neutral will their recommendations be?  Would they prefer to sell more for someone giving you more commission?  Or are you missing out on a good deal simply because they do not get any commission?  
It is illegal for a licenced buyer agent to receive commission from the seller and charging the buyer a fee for that, to ensure that buyers like you receive the most impartial and independent advice on the property.

Is it worth investing in Melbourne properties?

Property investment is one of the consistent high-performing investment vehicle.  There are decent returns with the right property. 
Reports from property data and analytics provider, Core Logic, shows Melbourne property market has an average increase of 6.7% annually for the last 25 years.  Yes, this includes the major meltdowns, such as the GFC in 2008-2009.
When you realise that a fixed-term savings plan pays you only a 1.5% (2018) interest, investing in the right investment property can grow your assets up to 5 times faster than putting your money into the banks.

Can a foreigner buy properties in Melbourne and Victoria?

Yes, non-residents can buy properties in Victoria, but some might be subjected to additional stamp duties on the share of the property being acquired.  Each foreign investor is different.  Have a chat with us.  Let our property advisors help you understand what you need to do. Details here.

What types of properties can a foreigner buy?

A non-resident foreigner can buy new properties, off-the-plan apartments and vacant land.  Click here for more information.

How do you inspect a Melbourne property without being physically on-site?

It takes a lot of trust to believe the sales agent.  Afterall, the sales agent works for the seller and are legally required to protect the interest of the seller, NOT the buyer.  Our independent buyers advocates is the exact opposite of the vendor agent.  Our buyers advocates are engaged by you, the buyer, to help and protect you in the property transaction. When it comes to property inspections, we can inspect the property on your behalf, and provide you with an independent review of the property.

Is it worth using a Melbourne based Buyer's Agent from Concierge Buyers Advocates?

We've been asked if it's worth to use a buyer's agent. How much can a buyer's agent save you?  What can a buyer's agent do that you cannot?  Here's what you should know when you engage a buyer's agent.

I am not in Melbourne. How can I buy an property in Melbourne, Australia?

If you are planning to purchase a Melbourne property, the easiest and safest way is to engage the services of our Melbourne buyers agent.  Our Melbourne-based buyer's agent is always on your side.  We ensure you are taken care of, in the property purchase.  We are your on-site professional buyers advocate who will represent you in your purchase.  We inspect the property, perform the due diligence, and organise the entire purchase process on your behalf.

How can I buy my property in Melbourne fast and with confidence?

Being prepared and being always aware of the every evolving property market is the key to buying your property fast and confidently.
You should be sufficiently informed of the market to be able to look at a property and estimate its future "sold price".
It takes months of research in the area, and a good understanding of the vendor and buyer demographics, plus good insight and data support to be able to do that.
Our Buyers Advocates can provide the right insight at the right time throughout your purchase process.