Buyers Agent Fees & Process

Below you will find a summary of our Buyers Agent process & associated Buyers Advocacy Fees.

Initial Assessment

Our verbal preliminary appraisal of properties for sale on the internet, taking into account your needs and wants (The Brief).

This includes location, photos, size of the property, floor plan, aspect, parking etc.

Every suburb has good and bad properties.

We filter and recommend only the best. 

Detailed Assessment of Property & Sales Documents

A detailed written Report, assessing the Property and the entire Sales Documents. We read every word on every page. Here is where we identify more subtle issues or hidden deal-breakers and identify unfavourable special conditions.

Costs are based on one of the following:

A. Standard Report (no Owners Corporation)

B. Standard Report PLUS Owners Corporation Assessment

C. Standard Report PLUS Complex Owners Corporation

D. Standard Report PLUS Off Plan and Owners Corporation

Includes Special Conditions - any spec. variations, fair OC set up, best off-plan stamp duty. Payable on Seven (7) Days. Fees include GST.

If the Property is rejected at this stage, there are no further charges to you.

Formal Engagement & Final Due Diligence

If the Property passes the two prior steps, and we all agree it is a good Property, that can be acquired within a suitable budget, we will seek Formal Engagement on our Authorities to Act. Our Authorities to Act will include a Limited Power of Attorney (so we can do all the signing for you), and will contain a three-tier, incentive driven Fee Structure, where the more cheaply we can Buy the Property for you, the more you and we both win (See “Successful Purchase” below).

We will then hunt down any outstanding issues identified in the Property Assessment Report and seek to improve the contract. If we are not successful in Buying the Property for you, there is no further charge to you.

Payable upon Engagement. Fees include GST. Refunded to you on a successful Buy, when using Stonnington Conveyancing at Settlement.

Successful Purchase

If a Property passes all of the previous 3 Steps, it is then just “all about Price”. We want to Buy Better for you so our fees encourage the best results. Here is a very early (2011), real life example of how our sliding scale Price Incentive Brackets work.

For much more expensive properties, we will still give you three incentive driven price brackets and the Higher the Price Range the Lower the Percentage Brackets will be.

e.g. the Vendors were asking $730,000 and they were quite adamant that was a bargain and “not negotiable”!

Price Bracket 1

1% (plus GST) of the Purchase Price under the Contract, if the Purchase Price is higher than $690,000 but subject to and only up to the Client’s Maximum Price limit above or as otherwise Authorised by the Client (e.g at $700,000 = $7,000+GST).

Price Bracket 2

1.25% (plus GST) of the Purchase Price under the Contract, if the Purchase Price is between $680,000 and $690,000 (e.g at $684,000 = $8,550+GST).

1.50% (plus GST) of the Purchase Price under the Contract if the Purchase Price is less than $680,000 (e.g at $678,000 = $10,170+GST).

We negotiated them down to $675,000, saving the Client $55,000 from the asking Price and our Fee fell into the higher 1.5% bracket, earning us a few extra thousand for our good work!

Payable on the earlier of Fourteen (14) days or at settlement (unless the Property is "Off-Plan"/Subdivisional, in which case 50% is payable on Fourteen (14) days and the other 50% is payable prior to or at Settlement).

Contact Buyers Agents Melbourne

For more information regarding Melbourne buyer’s agent fees and services, feel free to contact us. You can call us on +61 3 9813 8444 or go to our Contact Us page where you will find phone numbers, email addresses, a map of our office location and an online contact form.