What Is a Buyer’s Advocate?

Dion Marsden
November 29, 2024
A buyer’s advocate, or buyer’s agent, is a licensed professional who represents property buyers, ensuring they secure the best deal. Unlike real estate agents who work for sellers, buyer’s advocates focus solely on helping buyers navigate the complexities of the property market.In this blog, we’ll cover what buyer’s advocates do, why they’re beneficial, and how they can save you time, money, and stress.
Table of Contents

What Does a Buyer’s Advocate Do?

A buyer’s advocate provides professional assistance at every stage of the property buying process. Their key responsibilities include:

  • Understanding Your Needs: Developing a detailed brief based on your budget, preferences, and goals.
  • Property Search: Finding properties that meet your criteria, including off-market opportunities unavailable to the general public.
  • Due Diligence: Conducting thorough property evaluations, including price analysis, local market trends, and inspections.
  • Negotiation: Securing the best possible deal by handling negotiations or bidding at auctions.
  • Settlement Support: Ensuring the process runs smoothly until the final settlement.

 

For more details on what services to expect, visit our buyers advocate services page.

Benefits of Using a Buyer’s Advocate

  1. Save Time
    Navigating the property market can be overwhelming. A buyer’s advocate streamlines the process by narrowing your search to properties that meet your exact criteria.

  2. Access to Off-Market Properties
    Many properties never hit the open market. A buyer’s advocate leverages their industry connections to provide exclusive access to these hidden opportunities.

  3. Expert Negotiation
    Buyer’s advocates have the expertise to negotiate the best deal, saving you potentially tens of thousands of dollars.

  4. Reduce Stress
    From understanding legal documents to coordinating with agents and solicitors, a buyer’s advocate takes care of the complexities, letting you focus on the excitement of buying your home.

Do You Need a Buyer’s Advocate?

While not every property buyer may require a buyer’s advocate, they are especially valuable in:

  • Competitive Markets: Where properties sell quickly, and competition is fierce.
  • Time-Sensitive Purchases: If you need to buy a property quickly.
  • High-Stakes Investments: For securing properties with high return potential.

Not sure if you need a buyer’s advocate? Read about the top 10 buyers agents in Melbourne to see how professionals can make a difference in your property journey.

How to Choose the Right Buyer’s Advocate

When selecting a buyer’s advocate, consider the following:

  • Experience and Credentials: Look for advocates with strong industry experience and a proven track record.
  • Specialisation: Some buyer’s advocates specialise in specific property types or locations.
  • Transparency: Ensure they provide clear pricing structures without hidden fees.
  • Testimonials: Check reviews and testimonials from previous clients.

At Marsden Buyers Agents, we pride ourselves on transparency and client satisfaction. Learn more about our fixed-fee pricing and services.

Why Marsden Buyers Agents Is Ranked #1

Marsden Buyers Agents has earned the top spot among Melbourne’s buyers advocates for good reason:

  • Proven Results: We’ve helped hundreds of clients secure their dream properties at competitive prices.
  • Fixed-Fee Model: No surprises—just clear and transparent pricing.
  • Exclusive Opportunities: We provide access to off-market properties others can’t.

Ranked #1 Buyers Advocate in Melbourne
https://buyersagentmelb.com.au/top-10-buyers-agents/

FAQs About Buyer’s Advocates

How much do most buyer’s advocates charge?

Buyer’s agents typically charge in one of three ways: fixed fees, which range from $10,000 to $30,000 per service, or a percentage of the property’s purchase price, usually between 1% and 2%. At Marsden Buyers Agents, we offer fixed-fee packages starting from $10,900, ensuring complete transparency with no hidden charges.

Can a buyer’s advocate help with auctions?

Absolutely! A buyer’s advocate can develop a winning strategy and represent you on auction day to reduce stress and increase your chances of success.

Are buyer’s advocates worth the cost?

For most buyers, the savings and peace of mind provided by a buyer’s advocate far outweigh the cost.

Final Thoughts

A buyer’s advocate is more than just a guide—they’re your partner in securing the right property for the right price. Whether you’re a first-home buyer or a seasoned investor, their expertise can save you time, money, and stress.

Ready to get started? Contact us today to see how we can help you on your property journey.

author avatar
Dion Marsden Director & Lead Buyers Agent
At Marsden Buyers Agents, I leverage my extensive industry knowledge and commitment to excellence to guide clients smoothly through their real estate journeys with transparency and unwavering support.

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