Buyers Agent Process

Pre-approval

  • Establish contact with client

  • Ensure that the client has been pre-approved for either a mortgage or has the funds available 

  • Provide details of Mortgage Broker if necessary

 

 

First Meeting

  • Once pre-approval has been granted set up meeting with client

  • Take a full brief of the clients requirements including areas of interest, type of property and amount willing to spend

  • Prepare brief and review with client

  • Client to pay upfront non-refundable Buyers Agent fee - $1,500

  • Discuss and agree on purchase strategy and maximum spend

 

Search

  • Make contact with selling agents in area of interest

  • Locate properties currently not advertised

  • Inspect properties to make sure they meet the requirements

  • Organise pest and building inspection

  • Provide a shortlist of properties to client

Evaluate

 

  • Assess the areas of interest for growth potential

  • Determine if there are any costs required before property can be rented

  • Research and provide up to date sales data and property appraisal of the area

  • Assess gross rental yield

  • Liaise with Mortgage broker/Bank for valuation

 

Legalities and due diligence

 

  • Research flood maps including historical flooding in area of interest

  • Provide information on any property easements

  • Provide information on any nearby planned property developments or proposed infrastructure

Negotiations

  • Establish clients interest in a property

  • Start negotiations with selling agent

  • Agree on price and determine settlement date

  • Liaise with selling agent to provide client with paperwork to finalise the sale

  • Provide final invoice to client for final instalment of Buyer Agents Fee - $8,500