Buyer Solutions
FAQ's
What should I look for when selecting a Buyer’s Agent?
Consider the following:
- Is the company a fully licensed estate agency?
- Does the director hold a full estate agent’s licence?
- Does the company derive its income solely from you, the buyer, with no third-party commissions?
- Is the company a member of the REIV (Real Estate Institute of Victoria)?
- Does the company have an impressive industry track record?
- Can they offer personal, one-on-one service?
- Do they have professional contacts they can refer you to?
- Do staff members come from a real estate background?
- Do they have proven property negotiation experience?
- Can they provide written testimonials from past clients?
- Are they happy for you to contact past clients?
- Can they focus exclusively on buying for you rather than selling properties for others?
What are the fees involved with hiring a Buyer’s Agent?
Buyer Solutions’ fees vary depending on the service level:
- Comprehensive Buying Service: We source, shortlist, and secure the property for you.
- Assisted Buying Service: You source the property, and we handle the rest.
- Auction Representation: We represent you during the auction process.
- Consulting Services: Billed hourly or daily.
In Victoria, all real estate fees are negotiable. We frequently offer fixed or capped fee arrangements tailored to our clients’ needs. Once we understand your objectives, we’ll negotiate a fee that works for both parties.
Are Buyer’s Agent fees tax-deductible?
Generally, no. Buyer’s Agent fees are a capital expense and reduce the amount of capital gains tax you’ll pay when selling the property. However, if your primary income comes from property trading, you may be an exception. Always consult your accountant for advice specific to your situation.
What is an Exclusive Property Authority?
At Buyer Solutions, we use the REIV Buyer’s Agent Authority, which clearly outlines the agreed services and fees between the Buyer’s Agent and the property buyer. REBAA also offers a similar authority valid Australia-wide.
Are Buyer’s Agent fees worth it?
Absolutely. Mistakes in real estate can be costly, and a good Buyer’s Agent prevents errors, saves you money, and ensures a smooth process. In a rising market, we help secure properties at a competitive price, reducing your borrowing needs and mortgage costs. We ensure you purchase a property suited to your needs and with strong resale potential.
Who pays the Buyer’s Agent fees?
A Buyer’s Agent should only be paid by you, the buyer. Professional Buyer’s Agents are independent and do not accept commissions from vendors or selling agents, ensuring their loyalty and focus are solely on your interests.
How do I know my Buyer’s Agent is worth it?
A good Buyer’s Agent prioritises your best interests, keeping you fully informed and up to date before any property purchase. They work tirelessly to ensure you secure the best property for the best price.
How long does the process take?
The timeline depends on your brief, budget, and the properties currently on the market. Once we discuss your requirements, we’ll provide a realistic timeframe and keep you updated throughout the process.
Is there a difference between Buyer’s Agents?
Yes, the right Buyer’s Agent:
- Is REIV and REBAA accredited.
- Has access to detailed, independent property data—not just free online reports.
- Demonstrates proven negotiation skills, strong research methods, and a successful industry track record.
At Buyer Solutions, we combine these attributes and have received multiple industry awards for excellence.
How do I know if a property is a good investment?
A good investment property should align with your long-term financial goals. We assess the potential for capital growth, rental yield, and the property’s location within high-demand areas. We also look at factors like infrastructure developments, proximity to amenities, and market trends to ensure the property has strong investment potential.
Can you help with finding off-market properties?
Absolutely! We have strong networks with developers, agents, and property owners, which means we can access off-market properties not listed publicly. This gives you an advantage in securing a property without the competition from other buyers.
How do you determine the right price for a property?
We conduct detailed market research, reviewing comparable sales, current market conditions, and property features to accurately assess a property’s value. Our extensive experience and access to data help ensure you don’t overpay and that you’re getting the best deal possible.
What areas do you specialise in?
We specialise in a wide range of areas across Melbourne and beyond, including suburbs with high growth potential. Whether you’re looking for an inner-city apartment or a family home in the outer suburbs, we have the local knowledge to guide you in finding the perfect property.
What’s the difference between a Buyer’s Agent and a real estate agent?
A Buyer’s Agent works exclusively for you, the buyer, to help you find the right property, negotiate the best price, and avoid common pitfalls in the buying process. A real estate agent, on the other hand, typically represents the seller and works to get the best price for them. Our focus is entirely on securing a property that meets your needs and budget.