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What is a buyers agent?

A buyer's agent works only for the buyer. Here's what they do, how the process works, how they're paid, and why judgement matters more than access.

Luca and Tim out the front of Hunter property buyers shop front at launch party

A buyer's agent is a licensed property professional who works for one person in the deal: the buyer.

They find, assess, negotiate and secure a property on your behalf.

You stay in control of the decision. They do the legwork. Imagine being backed someone with years of industry experience. Someone who has walked this path hundreds of times before.

When you inspect a home, the agent at the open is the selling agent. They're paid by the vendor, and their job is to get the vendor the best price.

There's nothing wrong with that. It just means nobody is acting with your best interest in mind.

A buyer's agent is.

Their job is to get you the right property, at the right price, on the right terms.

What a buyer's agent does: our process

At Hunter Property Buyers we run every search through three pillars: Strategy, Scout, Secure. Most buyers have one of these down. Without all three working together, the search falls apart.

Strategy.

You get an expert to build your buying strategy and brief: non-negotiables, timeline, suburbs and property types. We test it against the market so your expectations line up with your budget. No time is wasted on the wrong properties.

Scout.

We shortlist properties on and off market. Over half of what we buy isn't available online. We inspect them on your behalf and give you detailed thoughts and advice on each one.

Secure.

We do a full deep dive on due diligence, so every relevant risk is on the table before you commit. Then we use our years of industry experience to negotiate the best deal possible, and project manage the purchase through to settlement and beyond.

The part most people miss: judgement

An overlooked reason to use a buyer's agent is access to their judgement. Judgement comes from experience. It's the ability to make a better call based on the information in front of you.

Most buyer's agents sell access: "we'll find you off-market properties." Access matters, but a list of homes doesn't help if you can't tell a good one from a bad one.

We have access to more information than ordinary buyers, and we know how to use it to make informed decisions.

That might mean:

  • Understanding the difference in growth or lifestyle that buying a street apart will make
  • Having the intimate understanding of an area as if you were a local
  • Knowing what a property is worth before anyone tells you what it's "expected" to sell for
  • Knowing what an easement, a zoning overlay or an owners corporation issue means for you
  • Knowing when to make another bid, and when to move on to the next deal

The difference

On your own, you're guessing at value and negotiating against agents who do this every day, while you do it a handful of times in your life.

With a buyer's agent, someone with that experience stands between you and a bad decision.

A problem solver, start to settlement.

A buyer's agent handles the entire buying process, and solves problems along the way.

There are a million little things that can go wrong in a property search, and each one needs a niche skill set to solve. We've had a vendor pass away a few days before settlement, banks repossess homes mid transaction, and strata reports uncover hundreds of thousands of damages hidden within a complex.

How a buyer's agent is paid

Fee models vary between agencies, so ask before you sign.

Ours has two parts. A retainer when we start, refunded in full if you're not happy within the first two weeks. Then a success fee, payable only once we've unconditionally exchanged on your property. No purchase, no success fee.

We also don't take on conflicting briefs. The work we do for you is only for you.

Who uses a buyer's agent

Most of our clients are busy families and business owners buying a home in Newcastle or the Hunter. They'd rather spend weekends with their kids than at open homes.

Others are buying from out of town, and can't be here to inspect midweek or bid on the day.

Some simply don't want to second-guess the biggest purchase of their life.

We also help property investors build and scale investment portfolios.

Our goal

It's simple.

The best property result for our clients.

We save you time, money and stress.

Next Steps

Book in a free 15 minute call. We'll use this time to learn more about your search and see if we can truly help.

Tim Walker
Written by

Tim Walker

Director & Buyers Agent, Hunter Property Buyers

A Newy local and one of Newcastle's highest performing buyers agents, purchasing 40+ properties a year across Newcastle, Lake Macquarie and Maitland.

Buying in the Hunter

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