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FAQs
What is a buyer's agent?
What is a buyer's agent?
A buyer's agent is a real estate agent that represents the buyer.
Their role includes:
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.
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