Thinking of buying a property in the City of Kingston?
It’s an exciting journey, but also one filled with decisions that can have a significant impact on your finances. One of the most essential choices you’ll face early on is who to trust with your property search: a real estate agent or a buyers agent.
While these two professionals may seem similar, their roles are fundamentally different, and confusing them could cost you more than just money. Many buyers use the terms interchangeably without realising that one represents the seller’s best interests, while the other works exclusively for you.
In this blog, we break down the key differences between a buyers agent and a real estate agent, so you can make a confident, informed decision when navigating the Melbourne property market, particularly in the sought-after City of Kingston suburbs.
Roles: Buyers Agent vs Real Estate Agent
Real Estate Agent
A real estate agent primarily represents the seller. Their key role is to market and sell a property for the highest possible price on behalf of the vendor. This includes creating listing strategies, conducting open inspections, liaising with potential buyers, and negotiating terms that benefit the seller.
Buyers Agent
In contrast, a buyers agent works exclusively on behalf of the buyer. Their primary responsibility is to find, evaluate, and secure the best property in line with the buyers needs, goals, and budget, while ensuring a smooth and stress-free purchase process. They advocate for the buyer at every stage of the transaction.
Services Provided: What Each Agent Offers
By Real Estate Agents
Real estate agents typically handle the following tasks:
- Assessing market trends to advise sellers on optimal listing prices.
- Marketing the property through multiple channels to attract maximum buyer interest.
- Conducting open inspections and managing buyer enquiries.
- Building buyer databases and maintaining networks for faster sales.
- Negotiating with prospective buyers to maximise the sale price.
- Managing contracts and handling the administrative side of the transaction.
- Conducting auctions and representing the seller during bidding.
By Buyers Agents
Buyers agents offer a very different set of services, tailored to the needs of the purchaser:
- Sourcing and shortlisting properties based on the buyers brief.
- Conducting detailed property evaluations and inspections.
- Negotiating the purchase price and terms in favour of the buyer.
- Bidding at auctions on behalf of clients.
- Handling all paperwork and due diligence throughout the process.
- Providing access to off-market properties not publicly advertised.
- Offering deep insights into suburbs, including growth potential, neighbourhood lifestyle, school zones, infrastructure plans, and more.
A professional buyers agent will also advise clients on the best streets to buy on, areas to avoid, and the investment viability of specific suburbs.
How are They Paid?
Real Estate Agent
Compensated by the seller, typically via commission based on the final sale price.
Buyers Agent
Paid by the buyer, either through a fixed fee or a percentage-based commission of the purchase price, agreed upon in advance and disclosed.
Conclusion: Who Should You Choose?
If you’re selling a property, a real estate agent will work to achieve the highest possible sale price for you. However, if you’re looking to purchase your next home or investment property at the best possible value, with minimal risk and stress, your best option is a professional buyers agent.
At Buyers Niche, we specialise in helping clients purchase the right property across the City of Kingston suburbs and surrounding areas. With our local knowledge, negotiation expertise, and access to off-market opportunities, we ensure a seamless and successful property buying experience from start to finish.
