Buyer's Agents Fees
How much does it cost to engage a buyer's agent? What do you get for your fees?
Thinking of engaging a buyer's agent to help with your property purchase? Here's our insight into the cost and fees involved in engaging a buyer's agent in the Melbourne real estate market.
What goes into the buyer's agent's fees?
In order to provide a good buyer's advocacy service, a typical buyer's agent needs at least 3 to 5 years of real estate experience in the industry. Obviously the more experienced the buyer agent is, the better they will perform and help get the property you want.
Licenced buyer's agent, needs a Certificate IV in Real Estate Services, followed by an application to the Victoria Consumer Affairs, for the Real Estate Agent Licence.
Upon attaining the licence, we will need the mandatory Public Liability and Professional Indemnity Insurances, to protect the interest of our property buying clients.
It takes up to $10,000 to get properly licenced. And up to another $10,000 to be properly insured.
What use a licenced and insured buyer's agent?
Licencing and insurance protects the interest of home buyers and property investors like yourself. If nothing goes wrong with the property purchase process, you need not worry.
However, if the property purchase went wrong, and you were dealing with an unlicensed and/or uninsured agent, you're very much on your own. The deposit and fees of hundreds of thousands that you had paid can disappear in an instant. It has happened before, it is still happening, and this will continue to happen, as long as consumers continue to patronise unlicenced buyers agents.
What about Concierge Buyer's Advocates?
Concierge Buyers Advocates prides ourselves as truly independent buyers advocates. We are licensed real estate buyer agents, paid by you, to guide you and look after you on your property purchase journey. We are always on your side, and we look after your property purchase interest. We treat each property purchase as our own. We work with you to find the right property, at the right price for property buying clients like yourself. We are fully licenced, and fully insured, to protect your property purchase service.
Cost of Running a Buyers Advocacy Service
To provide a basic buyer agent service, an genuine, independent buyer agent must be able to provide the right unbiased advice based on facts, data, research and analysis, not marketing , not based on how much commission they receive from the vendors and not based on propaganda.
At Concierge Buyers Advocates, we subscribe to trusted data sources and reports, and we maintain over 20 years of property data, in industrial strength databases in secured data centres (not Excel spreadsheets), to help power our property data analytics. Our agents also visit and inspect the properties we recommend to our clients, to ensure we are recommending the right property for them. All in, our clients are receiving between $15,000-$20,000 worth of information, knowledge, experience, expertise, time and material per engagement.
Where is the low-cost Buyer Agent Service?
So, you must be wondering, you just want a simple, honest property buying service. Why can't property buyers have such simple, low-fee buyer's advocacy service?
Yes, there is. The Melbourne based Concierge Buyers Advocates' property buying service is one of the lowest cost in Melbourne.
As any good buyer agent should, over 80% of our time is spent on the road. We are inspecting properties, visiting clients, visiting project sites, or negotiating with other agents. We do not need a physical office, so, we cut out the fancy office.
We don't do fancy marketing spins. No marketing seminars masquerading as property investment master-classes, no property buying podcasts, no property investment workshops, no property buying 101 ebooks, etc. Providing such fancy marketing events need time and energy, and time and energy is money. Someone has to pay for these.
We put our time and energy into our core focus, which is to provide a simple, honest buyers advocate service to help property buyers and first home buyers like you find the right property at the right price.
What does this mean to our clients?
Cutting out these fluff saved our clients over $3000 per engagement.
And we pass that savings directly to our clients, thus allowing us to offer one of the most cost-efficient, simple, honest buyers agent service in Melbourne.
Now you must be thinking, we must be "cheap" for a reason...
So, let us admit it. We have to cut corners to provide a low fee service. These are what we've cut:
removed the fluff;
cut the "free" workshops;
cut the "free" seminars;
cut the "free" property books;
cut the office space.
Reviews from our Clients
Still not convinced? Let's hear from our many satisfied clients.
Here are what some reviews of our property buying and advocacy service:
Our Service Guarantee
Not convinced? Here is our Service Promise to You
You will only receive honest, unbiased feedback, and we will only recommend properties that match your requirements.
We will not recommend properties simply because they are for sale. We present them to you only because they are the right property for you and they are the ones that we will buy ourselves.
Get in touch with us. Let us explore how we can buy your property in double quick time and with confidence.
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