Question 1

What does a buyer agent do?

Accepted Answer

A buyer agent (or buyers advocate) represents property buyers throughout the purchasing process. They help find suitable investment properties or family homes, conduct thorough due diligence, negotiate purchase prices, and provide expert guidance through the entire buying process. They work exclusively for you, not the selling agent.

Question 2

How much do buyer agents charge in NT?

Accepted Answer

Buyer agent fees typically range from 1-3% of the property purchase price or a fixed fee between $8,000-$15,000. Most buyers advocates offer free initial consultations and transparent agent fee structures. The investment often pays for itself through better negotiation outcomes and time saved in the property search process.

Question 3

Do buyer agents help with bidding at auction?

Accepted Answer

Yes, professional bidding at auction is a key service offered by experienced buyer agents. They remove the emotional stress of auction day, implement strategic bidding techniques, and ensure you don't overpay. This service alone can save time and money while increasing your chances of auction success.

Question 4

Are buyer agents worth it?

Accepted Answer

Yes, buyer agents can save you time, money, and stress. They have market expertise, negotiation skills, and access to off-market properties. Their fees are often offset by the savings they achieve in purchase price and the value of avoiding costly mistakes in the purchasing process.

Question 5

What is the difference between a buyer agent and selling agent?

Accepted Answer

A buyer agent works exclusively for you as the buyer, while a selling agent represents the vendor. This means your buyer agent focuses on securing the best purchase price and terms for you, conducting independent due diligence, and ensuring you're fully informed throughout the buying process. They are your advocate in negotiations.

Buyer Agents in NT

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