YourAustralianProperty is one of the most significant financial decisions you will make, and many people choose to hire a buyer’s agent to help them through the process. But how do you find the right agent? The best way to find a qualified, experienced buyer’s agent is through a referral from a friend or family member who has worked with them. But even with a good recommendation, you’ll need to do your own research. Consider an agent’s web presence, reviews, and past deals.

Once you’ve found an agent, you’ll negotiate a contract that details how they will be paid and what their duties are in your transaction. This agreement is typically called a buyer agency agreement, buyer broker agreement or buyers representation agreement and it’s important to review it carefully.

Local Insights: How Independent Buyers Agents Near Me Know the Market

An experienced agent will also be able to connect you with other local professionals that can help in the home-buying process, like mortgage lenders, real estate attorneys and home inspectors. And in a competitive market, an agent’s expertise can be critical to getting the property you want at the best price and terms.

Finally, a good buyer’s agent will keep a close eye on the market, both nationally and at hyperlocal levels (down to neighborhoods and buildings), and will know what the latest data means for your buying power and the market in the specific area you’re interested in. This knowledge will be invaluable when putting in an offer, managing contingencies, and navigating complicated clauses and disclosures in the sale contract.