Skip to content

Looking for the services of an expert to secure your next property?

Buyers Agents and Bidding Agent are a trusted person to help guide you when buying a home. The process can be complex and stressful—which is why having a professional by your side can make all the difference. A buyers agent and bidders agents are true to their name, these agents assist home buyers every step of the way; they can also save time and money on the road to homeownership.

Elders Shellharbour offer services to help you with the entire property process from start to finish, our services include:

Buyers Agent

A Buyer Agent is a real estate agent or broker who represents buyer’s fiduciary interests in a real estate transaction.  Buyer’s agents search, evaluate, and negotiate the purchase of property on behalf of a home buyer, guiding and assisting you through every step of the home-buying process.  So what is the role and responsibilities of a Buyer’s Agent in a Real Estate Transaction?

1. Help Buyers Find the Right Property
This process begins by uncovering the buyer’s needs and wants, including what they can afford. They research homes in the area meeting this criteria, and sort through active listings to make suggestions after cross-referencing the buyer’s needs. To help the buyer decide which home is right for them, they schedule appointments to tour homes that fit the bill, explaining the pros and cons of various properties and neighborhoods.

2. Submit and Negotiate Offers on the Buyer’s Behalf
Once the buyer settles on a property they want to purchase, they advise the buyer on an appropriate price to offer and will write up an offer to purchase the property and present it to the listing agent or bid for the buyer if the property is being sold at auction. If the offer is rejected, they either renegotiate the offer or try the alternative properties on their list.

Bidders Agent

A Bidders Agent is a real estate agent or broker that will act on your behalf through the negotiation stage for either auction or private treaty sales.  This process assists you by taking the stress out of negotiation and to achieve the best possible outcome.

Once the buyer settles on a property they want to purchase, they advise the buyer on an appropriate price to offer and will write up an offer to purchase the property and present it to the listing agent or bid for the buyer if the property is being sold at auction. If the offer is rejected, they either renegotiate the offer or try the alternative properties on their list.

8 Steps to Buying Property

  • Finances: Whether its your first, second of third home, obtain pre-approval from your bank or financial institution, so you know exactly how much you’ve got to spend.  Shop around for the best loan and be realistic about what you can afford.  If you engage a mortgage broker they do the work for you.
  • Legals: Yes, buying property is a legally binding transaction so unless you’re a law professional yourself, its time to call in the experts.  A conveyancer or solicitor is the most qualified person to handle the legal side of the home-buying process, including reviewing the contract of sale prior to purchase.  Have a conveyancer or solicitor on standby.
  • Go Hunting: While house hunting can be fun, the process can be frustrating if you keep missing out on the perfect property.  To make finding and securing your dream home simpler, do your research.  Ensure you know the value of homes in the area you wish to purchase. Establishing a good rapport with real estate agents in your target area is worthwhile.  If an agent knows what you’re looking for, you may be the first person they call about newly listed properties that match your wish list. 
  • Understand the Sales Method: Residential property in Australia is usually sold via one of two methods:  Auctions:  a sale usually in public, by an auctioneer, in which property is sold to the highest bidder.    Private treaty:  a sale negotiated directly between the parties or their agents. 
  • Negotiate:  So you’ve found the property and you’d like to be the successful purchaser.  Now for the nitty-gritty.  Whether its an auction or a private treaty, buying your home involves negotiation. Negotiation isn’t a skill we all have, so if you’re nervous about bidding at auction or negotiating privately with a real estate agent, consider using a bidders agent to handle the process for you.  Michelle Mannex can help you negotiate on any properties not being sold by our office for a small fee.  Michelle offers this service for both auction and private treaty sales.
  • Exchange Contracts: This may be with either a cooling off period or not.
  • Confirm: Finalise the loans and Building & Pest reports if required. Note, if the property is sold at Auction this step should be before step 6.
  • Settlement: This is the final step of the sale process and is the day the property officially exchanges hands.  Congratulations!