Breakdown of The Buying Process [Buyers Agent Australia]

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There are a wide range of steps involved when it comes to buying your new home or investment property. Whether you decide to use a Buyers Agent or DIY, we breakdown the critical steps from engagement through to settlement for your next property purchase.
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Опубликовано:

10 сен 2024

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Комментарии : 27

@HektorCastillo 5 месяцев назад

Luke, thank you for sharing the video! I'm a buyer's agent based in Los Angeles, CA. Our system has recently undergone a significant change where sellers no longer cover the commission for buyer's agents. I'm curious about the average fees charged by buyer's agents in Australia. As US buyers increasingly adopt the Australian property purchasing model, understanding a fair fee structure would be invaluable. Any insights you can provide would be greatly appreciated.

@charlesgormanrealtor 5 месяцев назад

Yup! I'm here as well from TN. I knew Australia's structure was different, so I am being proactive to learn how other markets have been doing this for years.

@lukewiles1 5 месяцев назад

Nice guys! Great to hear about the USA market and listen to a lot of property content from American creators. Especially loved it when Meet Kevin did property walkthroughs. We generally charge an upfront fee around 20% and than remaining fee on success of property purchase. You can find a more detailed pricing structure on our website. This model works really well with our buyers here in Aus as they pay the bulk of our fees on success

@evanhood9059 Год назад

So you can secure a price and then use the building and pest to negotiate a lower price after you've already signed the contract?

@lukewiles1 Год назад

Absolutely! Everything is negotiable (within reason)

@evanhood9059 Год назад

@@lukewiles1 How long do you have to negotiate before settling on a price

@lukewiles1 Год назад

@@evanhood9059 you'd need to negotiate the discount prior to the property going unconditional on the building and pest clause

@deetube5171 Год назад

What’s your strategy for making repayments if you were to flip a house?

@lukewiles1 Год назад

You can capitalise the interest on the loan. We did exactly this on our recent flip project (videos will be out in a month)

@spudzphone2617 Год назад

Great info as usual

@lukewiles1 Год назад

Cheers!

@brendanmichaelwelsh6260 Год назад

Luke do you have a position for or against obtaining property in a Company / Trust scheme Vs. Personal Names?

@lukewiles1 Год назад

Hey Brendan! I have a video breaking down company/trust VS. Personal Names here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Z-pXHI6tBxY.html&ab_channel=LukeWiles

@TheBlueskyson 9 месяцев назад

don't own anything Brendo. Trust etc. is something to look at. ty 4 vid

@brendanmichaelwelsh6260 9 месяцев назад

? - I dont understand if this is a question. Statement or a Troll ?@@TheBlueskyson

@TheBlueskyson 9 месяцев назад

@@brendanmichaelwelsh6260statement from experience and what many do. Either way, obviously get yourself informed via a recommended property lawyer. gud luck bruh

@matthewxcountry Год назад

Question: Are buyer's agents open to guiding a single property purchase over a very long period of time. Basically, if I have ridiculously specific search criteria and don't want to compromise but am willing to wait 5-10 years if need be. Is this a thing? For example, I'd like a 2-bed house, between 29 X street - 54 X street, or 12 - 28 Y street in Suburb Z (so very micro)? It's a long time to hold a client without payment, so maybe this isn't a thing.

@lukewiles1 Год назад

This isn't really a thing that would be common in the BA space. We take an upfront fee of $4,400 and our contracts last for 6months once engaged. You would need to keep paying the upfront fees every 6months to continue the engagement. We then take a success fee once a purchase is unconditional. Most BAs will have a 3-6month contract. So doesn't sound like a great fit, given the extremely specific search criteria!

@TheBlueskyson 9 месяцев назад

Matty. If u want something done, do it yourself bro. Go get it

@matthewxcountry 9 месяцев назад

@@TheBlueskyson I built my own home, including obtaining a license to do so, while working another full-time job, mate. No one does it himself more than me. I was just curious if there was an app or service that can track a street. Yes if your point is I need to learn to code and build that app for myself, ok, I guess .

@officialspock Год назад

I am a Property Investor, can I apply to you as a Buyers Agent from NSW?

@lukewiles1 Год назад

I run a buyers agency covering south east queensland. If you want to chat my contact info is on our website purposeproperty.com.au

@susmusmanoj112 Год назад

What's up with not buying in a school zone ? Any issues ?

@lukewiles1 Год назад

I'm not sure what you mean by "not buying in a school zone"?

@susmusmanoj112 Год назад

@@lukewiles1 4:23 school zones .... "Things that u might want to avoid "

@lukewiles1 Год назад

@@susmusmanoj112 What I mean here is that clients may want to rule out certain suburbs if they're not in a suitable school zone. This is from an owner occupier point of view (rather than investor) There may be some school catchments that clients are not willing to accept as the school does not have the strongest academic track record / sporting / musical offerings etc.. From the Investor Side: you don't want you house backing onto a school hall or carpark or busy road with school traffic.