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Top Buyers Advocates in Melbourne
Why Use a Melbourne Buyers Advocate?
An experienced Melbourne buyer’s advocate – like the agents we’ve listed above – brings local insights and sharp negotiation skills to the table, which they put to work on getting you the best possible price on your new home.
Here’s how it works:
Say you’ve got your eye on a $500,000 property in the Cranbourne suburbs.
Your agent does their due diligence and negotiates a deal of 4% less than the asking price.
That means your ideal home is yours for $480,000.
The agent charges a 2% fee. 2% of $480,000 is $9,600, which means that the overall cost of purchasing your home is $489,600.
That’s a saving of $10,400 off the initial asking price.
Note: The example above is for demonstration purposes only. It doesn’t factor in other costs associated with the purchase such as stamp duty, conveyancing, pest or building inspections etc.
Buyers Advocate Fees in Melbourne
Melbourne buyer’s advocate fees typically range from 1.2% – 3% of the property price for agents who charge a percentage-based fee. Alternatively, some agents offer a fixed-fee service depending on the level of support required.
For example, if you’re purchasing a $2,000,000 property:
- An agent charging 1.2% would cost $24,000.
- An agent charging 3% would cost $60,000.
The table below outlines typical house prices in Melbourne and the estimated advocate fees at different percentage rates.
Alternatively, some buyer’s advocates in Melbourne charge a fixed-price fee, where the cost is based on the level of service rather than the property price.
In Melbourne, fixed-fee buyer’s advocate services typically range from:
- $500 to $3,000 for auction bidding only
- $3,000 to $10,000 for negotiation-only services
- $10,000 to $25,000 for full-service support, including property search, appraisals, negotiations, and assistance with legal paperwork
To learn more about buyer’s advocate costs and fee structures, see our complete guide on buyers agent fees.
How to Choose the Right Melbourne Buyer’s Advocate
Finding the right local agent to help you on your journey to home-ownership is all about finding someone who’s skills and local knowledge best aligns with your needs and budget.
To help you find the perfect partner, consider:
Local Expertise
With a population of over 5 million, Melbourne is Australia’s second largest city and no two neighbourhoods are exactly alike.
So, it’s important that the agent you work with has precise local knowledge of the exact type of area that works for you.
If you’re a young professional looking for an affordable apartment close to the CBD, then you’ll benefit from working with a local agent who knows surrounding suburbs like Carlton and Fitzroy like the back of their hands.
Alternatively, if you’re moving to the city to Melbourne to start a family, you’ll want an agent with an in-depth knowledge of family-friendly suburbs like Bentleigh and Balwyn, both well-known for their excellent school systems.
Proven Experience
While the Melbourne property market has been stagnant in recent years, Oxford Economics Australia notes that median house prices in the Victoria capital are set to rise by 21% over the next three years.
This makes it more vital than ever that you work with an agent who can deliver a solid return on your investment in their services.
Don’t be afraid to ask about their track record, success stories, and the level of savings they’ve secured for past clients.
Legitimacy and Reputation
To operate in Melbourne, buyer’s advocates should have completed at least five modules of the Certificate IV in Real Estate Practise and own a real estate licence issued by the Victorian Business Licensing Authority (VBLA).
This proves their legitimacy and ensures that the work they do is both ethical and above board.
At Buyer’s Agent Seeker, we vet all the agents on our platform so that you can be sure you’re working with the real deal.
How Buyers Agent Seeker Can Help You
At Buyers Agent Seeker, our goal is to connect you with a reputable, reliable buyer’s advocate in Melbourne who can help you achieve your home ownership goals.
Fill out our form, and a dedicated customer service agent will be in touch to learn more about your property requirements. They’ll then use our vast database of pre-vetted buyer’s advocates to connect you with the best suited agents for your needs.
Get started today and let Buyer’s Agent Seeker simplify your Melbourne property search.
Why Buyers Agent Seeker?
Frequently Asked Questions
How much do buyers advocates charge in Melbourne?
Melbourne buyer’s advocates operating on a percentage-based model charge between 1.2% – 3% of the final property purchase price. Fixed-fee agents charge between $500 – $25,000 depending on the level of service provided.
What are the benefits of hiring a buyer’s advocate in Melbourne?
Hiring a local buyer’s advocate in Melbourne can potentially save you thousands of dollars off the asking price for your ideal property. A good agent can also save you countless hours and much of the stress involved in finding that property and dealing with the legal paperwork.
What services do buyer’s advocates provide in Melbourne?
Buyer’s advocates can provide a full range of support services to help you find the right property in the Victoria capital. This includes conducting a property search based on your requirements, handling property appraisals, negotiating the final purchase price and/or representing you at a property auction.
Can I hire a Melbourne buyer’s advocate even if I don’t currently live there?
Absolutely. Hiring a local agent is a good idea for those relocating to Victoria from further afield, saving you the time and trouble of many long-distance trips to check out potential properties.
Do Melbourne buyer’s advocates only deal in residential sales?
No. Some agents specialise in helping buyers find suitable investment properties in popular markets like Brighton and Ascot Vale, as well as commercial venues in areas such as the Central Business District.
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