No matter who you are or how many properties you already own, buying a new property without in-depth research and knowledge of the property market can be daunting and heavy on your budget. Now, the question is who should you consult to buy a new property in Kingston City – a City of Kingston Suburbs property buyer’s agent or a real estate agent? Well, if you have been using these two terms interchangeably for so long, you are mistaken. Many of us make this same mistake without knowing the significant differences between the roles, and responsibilities of these two professionals.
So, in this blog, we will decipher the real differences between a real estate agent and a buyer’s agent and wipe out the confusion for once in all.
Let’s dive deep into the discussion…
Roles of a Buyer’s Agent Vs Real Estate Agent
A real estate agent especially works on behalf of the sellers during the property selling and buying process. Real estate agents commonly market the properties so that they can reach potential buyers and seal the best deals (highest possible sale price) for the sellers they are working for.
On the other hand, the buyer’s agents work closely with the property buyers. A primary objective of a buyer’s agent is to find the best property deal that befits the needs, demands, and budget of the buyer and to ensure hassle-free transactions with the best possible terms.
Difference Between the Range of Services Offered by Real Estate Agents & Buyers Agents
Services Offered by Real Estate Agents:
Along with marketing the properties for the sellers, real estate agents go a long way to accomplish their responsibilities for their clients. These are as follows….
- Analysing the condition of the current property market
- Providing advice on listing properties at the best possible price
- Drafting best property marketing strategies along with their implementation to sell properties at the best possible price.
- Collecting a database of buyers and building a strong network to sell property to potential buyers.
Real estate buyers also conduct auctions and they are renowned for their high negotiation skills. They also take care of the administrative parts of the sale managing all the paperwork and contracts.
Services Offered by Buyer’s Agents
On the contrary, buyer’s agents do not sell properties. In lieu of selling properties, they assist buyers in having the best property deals by navigating the complex property market. Here is an array of services, buyer’s agents accomplish on behalf of buyers in Suburbs, Melbourne.
- They search best properties and shortlist them according to the needs of their clients
- They evaluate properties and negotiate for the best purchase price
- They bid at auctions and handle all tasks related to the purchase process on behalf of the buyers
- They provide access to off-market properties
Buyer’s agents have the most accurate information about the locations along with their best and worst streets, growth prospects of the area, lifestyle richness of the neighborhoods, any major infrastructure, and in-depth knowledge of the property market.
How They Get Paid for Their Jobs?
While real estate agents get paid by the sellers (they earn via commissions aligned with the final property price), the buyer’s agents get paid by the buyers (either through the percentage of the property price or through fixed fees).
Conclusion
You should consult when you want to sell your property at the best price. Whereas, if you want the best property within your budget and aligned with your other goals, don’t think twice but consult Buyer Niche Melbourne, the City of Kingston Suburbs Property Buyers Agent to experience a hassle-free property purchase.
