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Purchasing power

30 NOV 1999 • By Phillip Tarrant • 2 min read • Hotspots

You wouldn’t think twice about engaging a professional when you sell your home, but what about when you’re in the market to buy?

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Finding a new home or investment property is an exciting experience but for some buyers it can be stressful. It can be tricky negotiating with a professional estate agent over hundreds of thousands of dollars, and it is often hard to know when you’ve driven the vendor down to their lowest price.

After all, there’s a lot at stake and many buyers are as afraid of missing out as they are of paying above the odds for a property. This is just one of the reasons that a growing number of Australians are turning to the services of a buyer’s agent.

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Buyer’s agents help homebuyers in the purchasing process and have gained in popularity over the past few years as more Australians recognise the value of drafting in a professional to negotiate on their behalf.

Much the same as a real estate agent represents the vendor, a buyer’s agent represents the buyer in terms of finding the right property and negotiating the best price. A good buyer’s agent will have considerable local market knowledge as well as a proven track record in real estate negotiation.

You can engage a buyer’s agent to take care of the whole purchasing process or simply just to bid on your behalf at auction. Charges for the services of a buyer’s agent can vary from a flat fee to a percentage of the property purchase price depending on the level of assistance they provide.

If you’re interested in engaging a professional to help you with your next purchase it’s always best to look for a referral. Ask family or friends for a recommendation; also feel free to give me a call if you’d like my help.

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Phillip Tarrant

Phillip Tarrant

AUTHOR

Phillip Tarrant is executive editor – Real Estate at Momentum Media. He is also an investor with a large property portfolio.

He leads the content strategy and corporate growth for a range of market and business intelligence platforms at Momentum Media, including Smart Property Investment – the authoritative voice for Australia’s property investment community.

As head of the Smart Property Investment Podcast Network, he also steers the largest network of property podcasts in Australia, which collectively generates nearly 2 million downloads every year.

There are over 2.6 million investment properties in Australia, with over 2.1 million Australians (or around 8 per cent of all Australians) owning one or more investment properties. A vibrant and critical sector for creating wealth for Australians, the property investment sector is expected to remain a pillar to the national economy.

For nearing a decade, under Phillip’s stewardship Smart Property Investment has been informing and educating property investors on the tactics and strategies to create wealth through property.

Trusted by over 100,000 Australians each month as the turn-to independent resource for property market insights and information, the brand supports the mantra of "for investors", by investors’, drawing on the unique position that Phillip and Smart Property Investment share, warts and all, its own journey through property.

The Smart Property Investment Show, part of the Smart Property Investment Podcast Network, is one of Australia’s most popular podcasts, forming the keystone of an integrated digital platform delivering daily property updates, live broadcasting, insights, opinion and data to property investors across the nation.

Underpinned by a content team universally recognised for their knowledge of the sector and approach for clear and concise communication, Smart Property Investment has become a central part of Australia’s property community.

About Momentum Media

Momentum Media is a leading media and market intelligence company, and the business behind Smart Property Investment, REB and RPM.

Guided by a strong sense of purpose to support our communities, Momentum Media has forged its place as one of Australia’s most influential media and professional development businesses.

We have been equipping Australia’s corporate, investor and SME sectors with market and business intelligence for over a decade.

Across an integrated business supported by digital, events, broadcast, research, print and social platforms, we are guided by the purpose: Be Better informed.

This passion for informing, educating and inspiring drives us to build more engaged communities, delivering greater leadership to the markets we connect to and forging closer relationships with our audiences.

Being at the forefront of media innovation, backed by a pioneering spirit, has been central to Momentum Media’s growth.

We’re an evolving, forward-thinking business based on a purpose that supports corporate Australia and the markets critical to our nation’s economic prosperity and security. We’re also focused on delivering exceptional value to our commercial partners.

We adapt on a daily basis to rapidly changing market places; we’re a fluid media business, unanchored to any particular technology, channel or tone of communication.

With a reach spanning nearly 2 million professionals, high-net-worth individuals and SME business owners, we’re connected to the rapidly changing preferences and attitudes of our communities – and we’re making a positive contribution for our communities to thrive.

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