Buyers Agent Process

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Pre-approval

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• 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

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• 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

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• 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

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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

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Negotiations

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• 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

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