"To be honest, as licensed Mortgage Brokers, we get a lot of calls from other businesses wanting to do work with our clients.
When we were recommended to Buyers Home Base by a financial planner, I wasn’t too enthusiastic - but I'm sure glad that we made the time to catch up! Since we started referring our clients to Buyers Home Base only 5 months ago, we have achieved at least 7 successful purchases for our clients who have been continually frustrated by the auction buying process and the imperfect information available out there for home buyers. Buyers Home Base service represents excellent value to our clients when taking into account the overall cost of the transaction - paying a modest professional flat fee to stop you buying the wrong property or paying too much makes a lot of sense in my opinion."
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.
We’ve just pulled the crystal ball out of the bottom drawer, dusted it off and thought we’d have a look at what may be in store for 2016.
Having said that, who could have possibly predicted this years activities? Interest rates going down to all time lows - and staying there. Property prices continuing to climb with clearance rates soaring - even through the Melbourne winter months. Changes for overseas investors are also starting to take hold.
So, where will we be in a year? Here's our summary, based on our extensive experience within the Real Estate Market.
Julie DeBondt-Barker Founding Director, Buyers Advocate Created Australia’s first low flat fee Buyers Advocacy service. She is absolutely passionate about saving Home Buyers time, heartache and money.