What is a buyer's agent?

• Identifying the buyer’s requirements.
• Identifying suitable properties that may or may not be currently for sale.
• Researching previous sales price statistics for the selected properties.
• Determining all matters relevant to possible transactions e.g. title searches, the legality of structures and the legality of the use of the property.
• Drafting any special conditions to a proposed contract.
• Arranging inspections.
• Conducting negotiations for the selected property.
• Obtaining the property at the lowest possible price.
• Accurately defining the subject matter of the sale i.e. what is included in the sale.
• Preparing the Offer and Acceptance and drafting any appropriate special conditions.
• Presenting a written offer and negotiating sale price.
• Explaining the Contract for the Sale of Land by Offer and Acceptance and the Joint Form of General Conditions for the Sale of Land.
• Explaining the effect of any variations to the Contract that may be requested by the seller or the buyer e.g. extensions of time for finance approval or settlement.
• Monitoring the contract from sale to settlement, especially the satisfaction of any special conditions.
• Arranging and attending the pre-settlement inspection.
• Liaising with the settlement agent/solicitor and other parties to facilitate settlement.