A Buyers Agent is a Real Estate Professional Who Represents Property Buyers
There is a misconception that anyone can become a buyers agent. In Sydney, there are dozens of inexperienced Sydney buyer’s agents who have done an online course, obtained their real estate licence in days, and set up shop. They have absolutely no negotiation skills or industry knowledge.
How to Choose a Sydney Buyers Agent
In NSW, you can determine the experience of a Sydney Buyers Agent by doing a search at Fair Trading NSW. It is a handy tool, as you can determine how long a person has held a license or an assistant agent’s qualification. One of the easiest ways is to click on the link below and type the agent’s name. The longer the number, the shorter the time they have been in the industry. Check Now.
Once you have completed your search, ensure the Sydney Buyers Agent has at least 10 years of experience. (You wouldn’t go and see a doctor who’s just come out of college.
Ask the Sydney Buyers Agent what negotiation training they have done and what books they have read on real estate negotiation. (Negotiation is a skill that everyone can master.
Ask whether he or she has ever sold property. This will determine their level of experience in the selling process. An experienced professional will understand both sides of the transaction. Your representative should have significant skill in dealing with sellers. Do you want an agent representing you who doesn’t understand the full process?
Ask the Sydney buyers agent whether they will reduce their fee. If they are prepared to discount the fee, it’s advisable to offer this agent a discount. If you can get an agent to negotiate their fee, you are a better negotiator. Either find one who won’t or save yourself some money and do it yourself.
Who are they representing? Make sure that the Sydney buyers agent is independent. Who is paying them? Are they representing you or a developer? There are plenty of people who call themselves buyers agents but they are paid enormous commissions to sell you a property that the developer can’t offload. Ensure they are independent.
“Check out the Sydney Buyers Agent by doing a search on how long they have been in the industry”. If you were being operated on, you would want the best doctor. In real estate, you want a highly skilled negotiator on your side”
If you are interested in having an obligation-free chat about buying a property with a highly experienced Sydney buyer’s agent. Book a call by clicking on the link or give us a call on (02) 8039 1444. Book a Call
Paul Mulligan is the Principal Buyers Agent at MULLIGAN Buyers Agents, Sydney. As one of only two buyer’s agents in Australia to complete Negotiation Mastery at Harvard Business School, Paul combines advanced negotiation strategies with years of market experience to secure the best outcomes for property buyers.
Passionate about helping clients avoid costly mistakes, Paul offers expert guidance throughout the buying process from search to settlement.
