Home News Buyer’s agent

Buyer’s agent

Font size :
Q. We are getting ready to start house hunting for our first home, but there are a lot of things we are not sure about such as where to start looking, how to negotiate and how the settlement process works. Is it worth employing a buyer’s agent to help us?

A. A buyer’s agent can be beneficial as they can help with searching, evaluating and negotiating during the purchase process. Some of the responsibilities of a buyer’s agent include: researching the market, research recent sales data, create an appraisal, inspecting properties to create a shortlist of the most suitable options, oversee price negotiations, oversee exchange of contracts, conduct pre-settlement inspections and assist with the settlement process.

Depending on your needs, you may or may not need their help with all of these things, but that is up to you. But a buyer’s agent can cost up to 1.5-3% of the purchase price. Although this may not seem like a lot, it can add up. Remember that 3% of a $500,000 is $15,000, which is a fairly large chunk of change if you are also trying to save a deposit. so although it can be beneficial to have the expert advice and help, you will need to decide whether you can afford the extra costs.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

Young Sydneysiders are less keen on homeownership Young Sydneysiders are less keen on homeownership

Many would rather ‘rentvest’ than be tied down to a costly owner-occupier mortgage, according to new studies Read more

New social housing aims to transform Ivanhoe Estate New social housing aims to transform Ivanhoe Estate The sprawling redevelopment aims to boost the supply of affordable housing in Sydney ... Read more

A new suburb will be built in west Melbourne A new suburb will be built in west Melbourne Mount Atkinson will become home to more than 22,000 people over the next 15 years ... Read more

Surging house prices threaten liveability in Melbourne Surging house prices threaten liveability in Melbourne Analysts warn the city could become just as unaffordable as Sydney, if property trends continue ... Read more

More mortgage news and articles

Sponsored Links

Tuesday, Aug 22, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords