By Tim McKibbin, REINSW CEO
Buying a property is a legally complex transaction involving large sums of money – and that's in addition to the stress of finding the right property, bidding at an auction and securing a loan.
While the vendor has the sales agent for representation and support, who does the home buyer turn to? The answer is a buyers' agent.
Buyers' agents are retained to exclusively represent the buyer and are paid by the purchaser. Buyers' agents can – among other things – conduct property searches, complete independent appraisals, liaise with sales agents and bid on behalf of their client at an auction.
When choosing a buyers' agent, home buyers should ensure the buyers' agent holds a current Real Estate Licence, and thoroughly understands the fee and commission structure.