FREQUENTLY ASKED QUESTIONS
As Buyer’s Advocates, we are representatives for the buyers, unlike Real Estate Agents who are advocates for the sellers, our job is to make property purchasing easy. We will source the most suitable property for our clients, secure the property at the best price, and achieve tailored terms and conditions that suit our clients – the buyer.
There are so many reasons why buyers engage the services of a Buyer’s Advocate. Here are our top 10:
- You might be too busy to research, inspect and undertake due diligence on properties that you think meet your requirements.
- You might be disinterested in negotiating with real estate agents who act in the seller’s best interests, not yours.
- You might be time poor, or just plain tired of spending your weeks looking at properties online, and weekends inspecting properties in person.
- You might be frustrated by auction results, either missing out at auction, or nervous about bidding at auction.
- You might be a first homeowner who wants maximum value for money, without having to financially over-extend.
- We have access to properties on and off market, and are able to leverage our wide-reaching network of agents already affiliated with Foxpoint. In fact, approximately one third of client’s properties were purchased off market.
- We have saved buyers approximately 7% on the purchase price because of our skill and ability to negotiate favorable terms for buyers.
- You might find the whole purchase process too overwhelming – coordinating pest and building inspections, strata reports and negotiating other terms and conditions.
- We will liaise with finance brokers and conveyancers during the settlement period and negotiate inspection repairs resulting from the pre-settlement inspection.
- We are engaged to look after the best interests of our clients, not the seller of the property. This is what we do, and we do it well!
We are people too. So, before we start the search for your ideal property, we’ll take the time to get to know you, understand your criteria and appreciate your individual circumstances, as we recognize that every client is different. A detailed property brief will be created, which will guide the property search. We will only research, inspect and shortlist properties that meet your criteria.
It’s fairly straightforward. We meet, talk about what you’re looking for, design a brief based on your needs, and upon agreement of your search criteria, our services are engaged, and we get on with doing what we do best.
We offer a range of services for clients – Complete Representation, Auction Representation and Vendor Advocacy.
Our initial Engagement Fee is $3,300, which is deducted from our commission, paid on the purchase price, upon exchange of the sales contract. Commission Fees are discussed and agreed with clients, as they can vary depending on the services engaged. It is important to note however that the fees are well below the average 7% saving our clients achieve on the market value of their properties.
On average, the time from our engagement to exchange of sales contract is 4-6 weeks. We actively research and source opportunities that meet client criteria, until the right property is found.
We have had a 100% success rate in finding a suitable property for clients – whether the property was for sale on or off market. The Engagement Fee covers the cost of researching, inspecting and shortlisting properties that address the buyer’s brief.