How much does a buyer’s agent cost?

The cost of a buyer's agent varies based on several factors, including your specific requirements.

These factors may include the number of locations you are considering, the type and condition of the property, your price point, and your long-term plans for the property. Generally, the cost of our services ranges from 1% to 3% of the purchase price.

We will discuss this during our meeting and prior to any official engagement.

What valuation tools does a buyer’s agent use to determine market value?

Buyer's agents rely on a combination of valuation tools and their expertise to determine market value. While there are numerous free information sources and mobile apps available, interpreting and acting upon this data can be a challenge.

Online valuation tools may provide quick estimates, but accurately understanding property values requires years of training and experience. These tools often fail to account for factors like renovations or the current condition of the property, which will significantly impact a property's value.

The most effective approach is physically inspecting properties which we do for each and every property we assess for our clients. We also access more data points which provides closer real-time data, recent sales, historical databases, and predictive reports, allowing us to analyse the information and negotiate on behalf of you the buyer, ensuring informed calculated decisions rather than an emotional one.

How does a buyer’s agent negotiate a better price?

To negotiate a better price, we begin by understanding the true value of the property. We analyse comparable sales in the same suburb and neighbourhood, we inspect in person, and we know the negotiations start from the very first time we reach out to an agent on a property.

Allowing us to negotiate with confidence. This knowledge helps determine the most effective negotiation strategy.

Having built good relationships with real estate agents across Sydney is advantageous, as it provides access to inside knowledge and insight into the vendor's desired price and motivations. Real estate agents are more likely to engage with a trusted buyer's agent they know, as they have confidence in the buyer's ability to close the deal.

Can a buyer’s agent guarantee to save me dollars off the purchase price?

As buyer’s agents, we specialise in negotiation and property expertise.

While we can't guarantee a specific dollar amount 'off' the purchase price, our knowledge of dealing with selling agents, property valuation, and various sales methods helps secure the right property at the right price.

The real estate agent selling the property has offered to have their team bid at auction for me for free. Why would I pay a buyer’s agent?

While a real estate agent may offer to bid at auction for free, quite often this means you will be on the phone with them during the auction and you wouldn’t obviously share you budget with them prior to bidding (out of fear they would push you to spend the maximum amount). We're not saying they would do this, but it would be in the back of your mind.

When engaging a buyer’s agent you are the only client we represent, we can share with you reports and help complete due diligence prior to bidding. Then prior to the auction we collaborate with you on your budget and the strategy to provide the best outcome. Removing the emotion from a highly emotional scenario.

What else should I know about Clarke Buyers Agents ?

We're glad you asked!

Chris is a family man with 2 almost teenagers living in the Inner West of Sydney. He loves all things property – not only purchasing property but renovations, upkeep, feature, design, landscape. You can't miss this on all his guided videos. He's always pointing out specific features of the property relevant to you.

He loves his AFL and plays for Sydney Uni, and he is a long-suffering Carlton supporter. He lives by the motto 'If you feel it, say it' … This means that if during the brief or buying process,  Chris feels something is not aligned, he will call it out and will always make sure all parties are on the same page.