When considering selecting a Buyers Advocate, what things should you be looking for?
Great negotiation skills? Yes, of course. Good area and local market knowledge? Absolutely. Someone who is well connected with the local Real Estate Agents so you’ll also find out about any OTM (Off The Market) opportunities first? Brilliant.
Also ensure that they offer a low Flat Fee that is fair and that they do not charge a percentage. If a Buyers Advocate charges a percentage of the sale as their Fee, this means if you spend more, they make more. How does that work? This is a direct conflict of interest. In short, a percentage Fee doesn’t work for you……the Client.
Some Buyers Advocates enter the industry without having worked in the industry FIRST as a Selling Agent. Because they have no experience, they are no different from you in their skill set.
In Victoria, to gain a Certificate IV (Full RE Agents License), you MUST have a MINIMUM of 12 months employment working in the field before they will grant you a license. Unfortunately this is not the case in other states. So this means the Impostors with no actual Real Estate experience are jumping into our Victorian marketplace, as Victoria accepts other interstate licenses as “Mutual Recognition”. Victoria has not built a Rabbit Proof Fence to detour this from happening and to ensure we maintain a high level of professionalism within the industry.
So what can you do? How will you know?
Here is the questions that you must ask.
“ How long were you working as a Selling Agent before you became a Buyers Advocate?”
If you get a blank stare in return, then you have uncovered an Impostor. Here is our advice … No experience = No deal. Save your money and do it yourself.
We come to you whenever, and wherever suits you best. On your lunch break in a cafe, after you have got home and put the kids to bed, or on the weekends. We are happy to make it work for you.
CALL 1300 882 842