How Do Buyer's Agent Fees Work?
Gone are the days when having a buyer’s agent was seen as a luxury. Today, the service is viewed as a necessity (like that of a lawyer, business advisor or financial planner), as home buyers and investors strive to level the playing field and secure deals faster.
Competition in 2021 is fierce. Home-loan applications have gone up 50 per cent since 2019, and the big banks have committed to historically low interest rates for the foreseeable future – fixed under the 2 per cent mark.
Increasing amounts of applications and low stock levels are expected to have a knock-on effect on house prices – the prediction is that they will rise by 30 per cent over the next three years. With this in mind, smart buyers are turning to buyer’s agents, knowing that the benefits of the service far outweigh the fee, and that they will save money by getting into the market before prices rise.
Maker Advisory buyer’s agent fees include:
- Bespoke advice for your circumstances
- Superior market knowledge – saving you from pursuing properties that are outside your price bracket
- Industry connections – giving you access to more premium properties and exclusive off-market opportunities
- Due diligence – saving you hours of research, and the unforeseen expense of buildings and pest reports or contract reviews
- Skilled negotiation techniques – ensuring properties are sourced and secured on time, saving you tens of thousands of dollars.
Maker Advisory’s fees are outlined upfront, with the following two choices depending on the service chosen:
- An initial engagement fee and then a commission fee calculated as a percentage of the home purchase price; or
- A fixed fee at the start of our engagement.
Fixed fees are based on a sliding scale, according to the value of the property, and are paid in advance of the buying process. Commission is generally paid once an unconditional contract is entered.
Clients typically find using a buyer’s agent not only helps to reduce stress levels and save time, it also benefits them financially thanks to an agent’s expert negotiation skills, industry connections and market knowledge.
Buying a home or investment property is likely to be one of the biggest purchases of your life. A Maker Advisory buyer's agent will arm you with the knowledge you need to make informed decisions, save you time, open closed doors, and prevent you from paying too much for a property.
Maker Advisory does not accept commissions or any other form of financial incentive from third-parties such as real estate sales agents, developers or home sellers. Our fees are derived solely from the buyer, ensuring that our clients' best interests remain front of mind at all times.
The Maker Difference.
Interested in learning more about how our Maker Advisory buyer’s agents can save you money, time and heartbreak? Whether you are looking for support in hotspots like Sydney, Melbourne, Brisbane, Adelaide, Perth, the Gold Coast, the Sunshine Coast, or in any other city or regional centre in Australia, we have the network to help you realise your property dreams sooner. Contact us.
For more information about the services and expertise a buyer’s agent can offer you to make the market work for you, read our blog What is a Buyer’s Agent and Why do I Need One?
Interested in finding out more? Send us a message and we will be in touch.