Dad and two girls in home doing dishes and eating breakfast around the kitchen bench

29 June 2019

The benefits of using a buyers' agent

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.