Sydney · Lower North Shore

Buyers Agent,
Lower North Shore

The Lower North Shore is Sydney's prestige benchmark — harbour views, elite school catchments, and some of the lowest stock volumes of any market in the country. Buying here without professional representation means competing against buyers who have it.

250+ Properties purchased
72% Off-market or pre-auction
$460M Total value purchased
600+ Negotiations conducted
Buyers Agent Lower North Shore Sydney | Unicorn Buyers Agents

Quick answer

A buyers agent on Sydney's Lower North Shore handles the full property search and purchase on your behalf — sourcing on-market and off-market properties, conducting due diligence, and negotiating the purchase price. The Lower North Shore is one of Sydney's most prestigious and supply-constrained markets, where a significant proportion of quality stock — particularly in suburbs like Mosman, Cremorne, and Neutral Bay — trades without ever being publicly listed. Without established agent relationships, most buyers never access those properties.

Unicorn Buyers Agents is led by principal Dan Sofo and operates across Mosman, Cremorne, Neutral Bay, Kirribilli, McMahons Point, Milsons Point, Cammeray, Crows Nest, St Leonards, North Sydney, and surrounding suburbs. Book a call or complete a quick enquiry below so we can understand your brief before we speak.

Why the Lower North Shore Demands a Different Approach

The Lower North Shore is Sydney’s most financially consequential market for buyers. Mosman’s median house price is among the highest of any suburb in Australia. Cremorne, Neutral Bay, and Kirribilli command a premium that reflects chronic undersupply, generational ownership patterns, and proximity to both the harbour and the CBD. Listing volumes in these suburbs have been running materially below the five-year average (SQM Research), which means the competition for publicly available stock is as intense as it has ever been — while a large proportion of quality properties never reach public listing at all.

 

In the Lower North Shore, the off-market dynamic is not a niche phenomenon — it is how the top end of the market operates. Owners who have held harbour-view properties for decades routinely prefer a discreet sale over a public campaign. These transactions happen between selling agents and buyers agents with established relationships. They are not on Domain. They are not on realestate.com.au. And they are not accessible to buyers searching publicly without professional representation. 72% of the properties Unicorn Buyers Agents purchases are secured off-market or before auction — a figure that reflects deliberate relationship-building across every suburb we operate in.

 

Auction clearance rates across the Lower North Shore have been consistently strong since mid-2025, regularly tracking above the Sydney citywide average. In prestige pockets like Mosman and Cremorne, competition on auction day is fierce — and being outbid is rarely just about money. Strategy, knowledge of the agents and auctioneers, and accurate pre-auction appraisal all determine outcomes.

Lower North Shore Market — 2025/2026


Sydney's median house value reached $1,598,819 in January 2026 (Cotality), up 7.6% over the year. The Lower North Shore sits materially above this figure. Mosman's median house price exceeds $5 million, with harbour-view properties and those within the coveted school catchments trading well above that benchmark. Cremorne and Neutral Bay — historically regarded as the more accessible end of the Lower North Shore — have seen median house prices push through the $3 million mark, reflecting continued migration of buyers from the Eastern Suburbs and inner city.


Domain forecasts Sydney house prices to rise a further 7% in 2026. On the Lower North Shore, where new supply is structurally constrained by topography, heritage overlays, and an absence of large development sites, the long-term trajectory for price growth remains firmly upward.

What We Do on the Lower North Shore

Off-Market and Pre-Market Sourcing


We maintain active relationships with selling agents across Lower North Shore year-round — not just when a client is searching. When a property is going to be listed, or when an owner is open to a quiet sale, our clients are the first call. We also run direct outreach, letterbox campaigns, and door-knocking where a brief demands it.

Weekly Open Home Attendance


We inspect every relevant property on your behalf. You receive video walkthroughs, written assessments, and honest recommendations — including on properties that look promising online but don't stack up in person. You don't spend a weekend at an open home unless we've told you it's worth your time.

Independent Price Appraisal


We establish what a property is actually worth using comparable sales, current market conditions, and suburb-level data — independently of the selling agent's price guide. In a market known for underquoting, having an accurate, independent appraisal before you bid or offer is not optional. It is how you avoid overpaying.


Due Diligence Co-ordination


Building and pest inspection, strata report review (financials, meeting minutes, special levies, maintenance history), development risk assessment, council zoning checks, legal contract co-ordination with your solicitor. We run this process so nothing is missed and nothing slows down your purchase unnecessarily.

Auction Strategy and Bidding


TWe have bid at hundreds of auctions across the Lower North Shore and understand the selling agents, auctioneers, and tactical dynamics in each suburb. We manage the entire process — pre-auction offer assessment, reserve strategy, and live bidding — so you are not making high-stakes decisions in a pressured public setting.

Private Treaty Negotiation


Where properties are available by private treaty, we negotiate with full authority and a clear brief. Our approach draws on comparable sales, knowledge of the vendor's position, and the relationship we have with the selling agent — factors that a buyer negotiating for themselves rarely has access to in combination.

"Dan knows his business, he knows real estate agents and how to negotiate with them. Furthermore he is able to snap off-market properties — which is a big plus in a competitive market."


— Unicorn Buyers Agents client

The Lower North Shore Suburbs We Buy In

Our coverage spans the full Lower North Shore — from the prestige harbour-front suburbs of Mosman and Cremorne Point through to the urban hubs of North Sydney and Crows Nest, and the harbourside village pockets of Kirribilli and McMahons Point. Each suburb has its own supply dynamics, agent relationships, and price benchmarks, and we operate across all of them.

MosmanMedian house $5.8M+
WilloughbyFamily upsizer, good value
Lane CoveTop school catchments
ManlyBeach lifestyle, strong demand

Looking to buy in a Lower North Shore suburb not listed here? Get in touch — we cover the wider Lower North Shore and can talk through what’s available in your target area.

Who We Work With on the Lower North Shore

Our Lower North Shore clients span a range of buyer types, but share a common characteristic: they are making a significant financial decision in one of Australia’s most competitive and opaque prestige markets, and they want expert representation rather than going in without it.

Upsizers and Family Buyers

Often moving from an apartment in North Sydney or Neutral Bay to a house in Cammeray, Cremorne, or Mosman, or from an inner-city property to the Lower North Shore for schooling, space, and lifestyle. These buyers are typically well-informed but competing against buyers with professional representation — and the lack of publicly listed stock means that without a buyers agent, they are missing a substantial portion of available properties.

Buyers Relocating to Sydney

Senior professionals and executives moving from interstate or overseas who identify the Lower North Shore for its school catchments, harbour amenity, and proximity to the CBD. The combination of high price points and a market where significant stock moves off-market makes remote buying on the Lower North Shore without representation a particularly significant risk.

Downsizers

Long-term Lower North Shore residents selling a family home and moving into a prestige apartment or smaller house in the same area. The prestige apartment market in Mosman, Cremorne, and Kirribilli is increasingly competitive, with harbour-view stock in short supply and buyer demand for quality downsizer properties consistently strong. Getting the right property at the right price requires active market knowledge and strong agent relationships.

Investors Targeting the Lower North Shore

The Lower North Shore has delivered long-term capital growth underpinned by genuine scarcity — there is no mechanism by which the supply of harbourside houses in Mosman or Cremorne Point can meaningfully increase. Investors buying here are typically prioritising capital preservation and long-term appreciation at the absolute premium end of the Sydney market. Sydney’s vacancy rate sits at approximately 1.5% (SQM Research, early 2026), and rental demand on the Lower North Shore from corporate tenants and relocating executives remains tight.

"Within 4 days I had my dream apartment in Sydney. Dan worked quickly to arrange an inspection, develop a wholistic profile of the property including its intrinsic value and price appraisal. Dan's professional networks within the real estate community ensured a seat at the negotiating table as pre-auction offers were made whilst I completed my due diligence."


— Rachel Ross, buyer client

Which Service Suits You

Done For You

Full search, appraisal, and negotiation from brief to settlement. Best for buyers who want the entire process handled, with involvement at decision points only.

Done With You

Appraisal and negotiation on a property you've already found. Best for buyers who have identified something they like and want expert support before committing.

Auction Bidding

Professional representation at auction on a property you've selected. We deploy the right strategy on the day to secure the property at the best achievable price.

Frequently Asked Questions — Lower North Shore Buyers Agent

What does a buyers agent do on the Lower North Shore?

A buyers agent on the Lower North Shore sources properties — both publicly listed and off-market — that meet your brief, inspects them on your behalf, appraises their market value independently of the selling agent, manages due diligence, and negotiates the purchase. On the Lower North Shore specifically, the off-market sourcing function is critical: a large proportion of quality prestige stock in suburbs like Mosman, Cremorne, and Kirribilli trades without any public campaign. Without an agent with active relationships in these suburbs, most buyers never access that portion of the market.

How much of the Lower North Shore market is off-market?

The proportion varies by suburb and property type, but it is consistently high at the prestige end. In Mosman and Cremorne Point, where properties are often held for a decade or more before being sold, many vendors prefer a discreet transaction over a public campaign. These properties circulate among selling agents' contact lists — and buyers agents with established relationships. Unicorn Buyers Agents secures 72% of its purchases off-market or pre-auction across its coverage area. Buyers relying solely on Domain and realestate.com.au are competing for a partial picture of what is actually available.

Is the Lower North Shore property market still growing in 2026?

Yes. Sydney's median house value rose 7.6% in the year to January 2026 (Cotality). The Lower North Shore has historically outperformed the citywide average given the combination of genuine harbour scarcity, elite school catchments, and sustained demand from domestic and international buyers. Mosman's median house price now exceeds $5 million. Domain forecasts Sydney house prices to rise a further 7% in 2026, and the structural supply constraints on the Lower North Shore suggest continued outperformance relative to the wider city.

What suburbs on the Lower North Shore do you cover?

We cover the full Lower North Shore, including Mosman, Cremorne, Cremorne Point, Neutral Bay, Kirribilli, McMahons Point, Milsons Point, Cammeray, Crows Nest, St Leonards, North Sydney, Waverton, Wollstonecraft, Lavender Bay, Naremburn, and Artarmon. If you are targeting a specific suburb or street-level pocket, we can advise on current supply dynamics, recent comparable sales, and what your budget realistically buys in the current market.

How much does a buyers agent cost on the Lower North Shore?

Buyers agent fees in Sydney typically range from 1% to 2% of the purchase price, or a fixed fee agreed upfront. We offer clients the choice between a fixed fee or a percentage-based fee capped at a pre-agreed amount. On the Lower North Shore, where median house prices range from $3 million in Neutral Bay to well above $5 million in Mosman, the fee is routinely offset by the price savings achieved through negotiation and by access to off-market properties that a buyer searching independently would never encounter. We are transparent about fees from the first call and tailor the structure to your brief.

Can you help with auction bidding only on the Lower North Shore?

Yes. Our Auction Bidding service is available for buyers who have already identified a property and want professional representation on auction day. The Lower North Shore — particularly Mosman, Cremorne, and Neutral Bay — runs a high proportion of its residential sales through auction, and having an experienced bidder with knowledge of the local agents and auctioneers is a significant advantage. We manage pre-auction due diligence, appraisal, reserve strategy, and live bidding on your behalf.

How quickly can you find a property on the Lower North Shore?

Average time to purchase for Unicorn Buyers Agents clients across our coverage area is three to eight weeks. The Lower North Shore timeline depends on the specificity of the brief, the price point, and current stock levels. Highly specific briefs — a harbour-view house in Cremorne Point or a freestanding home within a particular Mosman school catchment — can take longer given how rarely these properties trade. Buyers with some flexibility on suburb or property type typically move faster. We give you an honest timeline assessment at the brief stage and keep searching until we find the right property.

Do you work with investors buying on the Lower North Shore?

Yes. The Lower North Shore is a strong long-term capital growth market and we work with investors targeting it alongside owner-occupiers. For investors, we build a data-backed strategy around your budget, target suburbs, and investment horizon — identifying where capital growth prospects are strongest and what property types best serve your objectives. Sydney's vacancy rate sits at approximately 1.5% (SQM Research, early 2026), and rental demand on the Lower North Shore from corporate tenants and relocating executives is consistently tight.

Ready to Buy on the Lower North Shore?

Book a call with Dan or complete one of the fact find forms below — they take three minutes and give us what we need to come to the call prepared.

Book A Call With Dan
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12 popular buyers agent questions answered 

 

When it comes to buying a property, many people assume that they can navigate the process on their own. However, purchasing a home or an investment property is often a complex and time-consuming process that requires expert knowledge and guidance. This is where a buyers agent can be incredibly valuable. A buyers agent is a licensed real estate professional who specializes in representing the interests of homebuyers. 

 

In this article, we will explore what a buyer’s agent is and the benefits they offer, as well as when it is appropriate to engage their services. Whether you’re a first-time buyer or a seasoned investor, understanding the role of a buyer’s agent can make all the difference in finding your dream property.

 

What You’ll Learn From This Article

 

  1. What is a buyers agent? 
  2. What’s the difference between a real estate agent and a buyers agent?
  3. How much do buyers agents charge?
  4. Are buyers agents worth it?
  5. How much will it cost me not to use a buyer’s agent?
  6. Do i need a buyers agent in today’s market?
  7. How to choose a buyers agent?
  8. What questions should i ask a buyer’s agent before hiring them?
  9. Can you claim buyer’s agent fees on tax?
  10. Can a property seller contact the buyer agent directly?
  11. Do i have to sign a buyer agent agreement?
  12. Can you have multiple buyers agents?

 

What is a buyers agent?

A buyer’s agent is a fully licensed property agent who works on behalf of a homebuyer or property investor in a real estate transaction. The primary responsibility of a buyer’s agent is to help their client find and purchase a home that meets their specific needs and budget.

 

Buyer’s agents work exclusively with buyers and are therefore focused on helping buyers navigate the complex and sometimes overwhelming process of purchasing a home. They typically have extensive knowledge of a local real estate market and relationships with a network of selling agents in that area.  

 

Buyer agents offer purchasers transparency and clarity around price and market value by researching comparable sales transactions and will drive the due diligence and research process to mitigate the risk of a purchased property causing problems or stress to its new owner in the future. 

 

The way a property is marketed, negotiated, and sold depends on many factors including demand for that property type, the expectations of the vendor, and the particular style of the sales agent. Every transaction is unique and a buyers agent’s experience navigating the many variations of the sales process and the legal and financial requirements involved can undoubtedly give a purchaser an advantage.

 

Another of the key benefits of working with a buyer’s agent is that they can provide objective advice and representation throughout the home buying process which may otherwise become an emotional decision. 

 

Because they work solely on behalf of the buyer, they can help their clients make informed decisions without being influenced by any other parties involved in the transaction. Additionally, many buyer’s agents will deploy methods and resources that can help buyers find and evaluate the right property more efficiently than they might be able to on their own. This includes accessing properties not listed for sale by traditional means (off-market or silent listings). 

What’s the difference between a real estate agent and a buyers agent?

Buying and selling real estate can be complicated. That’s where buyers agents and real estate agents come in. A real estate agent is a professional who sells properties. Who does a real estate agent represent? The seller. Real estate agents are paid through commission from either the seller or the vendor. A buyer’s agent, exclusively represents the buyer. They act in the buyer’s best interest and help them through the process of securing the property they want.

 

How much do buyers agents charge?

Many buyer’s agents charge for service like a real estate sales agent ie, a percentage commission. This can make sense if you’re selling a property as the sales agent is incentivised to achieve a higher sales price. Paying more commission to your buyers agent the more you pay for your property can make less sense for buyers In hotter market years such as during 2020- 2021, Unicorn Buyers Agents offered fixed fees, to protect our clients.

 

In neutral or cooler years we offer a percentage-based fee capped at a pre-agreed rate. This way our buyers may benefit from a lower-than-expected commission whilst also having the peace of mind of knowing the maximum they’ll pay. 

For maximum flexibility and transparency, we offer clients the choice to lock in a fixed fee or to hire us on a percentage-based fee capped at a pre-agreed amount.

 

Are buyers agents worth it?

In Australia until recently the use of a professional buyers agent to undertake one’s search and property purchase was uncommon.

 

Sydney house hunters have long been resigned to the stresses of endless weekend inspections and annoying agent phone calls, not to mention having to negotiate with seasoned professionals trained in the art of extracting the highest possible price for their client- the seller. 

 

In the last few years however Australians are increasingly following the trend of their US counterparts to engage a buyers agent to find, negotiate and secure residential owner-occupied and investment property. Why?

 

 The competition for the best property in the most desirable suburbs has intensified, with a significant percentage invisible to the average house hunter. Property prices have spiked- and so has the cost of making a mistake. And we have increasingly become time-poor professionals who realise the value in deploying another professional to do what they do best.

 

Hiring a buyers agent does make sense but what can you expect for your money, and how will you assess the value of your buyers agent’s services?

 

A good buyer’s agent in Sydney will understand your brief in detail, then tailor their services and fees to your exact needs. This may be as simple as attending an auction to bid on your behalf, or appraising a property you have found, or conducting the entire search campaign all the way from day one to contract settlement.

 

  • ‘Bid at auction’ gets you a hired gun as your proxy on the big day. They will bid, deploying one of many strategies they have available, which they believe is best on the day to secure the property for you for the lowest price possible whilst taking into consideration other bidders, and the auctioneers style.
  • An appraisal and negotiate service will see a buyers agent provide you with a professional opinion on the market value and likely selling price of a property you have found, based on recent comparable sales, market momentum, and level of interest in that particular property. The agent will then deploy their negotiation expertise and relationships to negotiate a purchase by private treaty.
  • A complete search really should be just that. The best buyers agents will go beyond public listings to use real estate agent outreach, professional research tools, community networking , door knocking and letterbox drops to source and shortlist potential properties. 

Dozens of physical inspections will follow, accompanied by detailed research to validate the properties have no issues and can be secured within your budget. They will have a team of professionals including building inspector, engineer, solicitor, builder, handyman and property manager- to do all the heavy lifting, and will coordinate them all on your behalf. They’ll deal with selling agents, so you don’t have to. And they’ll package up a shortlist of desirable options to make your decisions. easier.

 

 A top buyers agent will show you the property that ticks your boxes, and sometimes that may be unconventional- but a buyers agent will also show you how an easy low-cost renovation can leave you with the property you dreamed of.

 

 An expert buyers agent will be your voice of reason- guiding you to avoid psychological pitfalls like analysis paralysis, FOMO, buyers remorse, and more.

 

 Finally, a good buyers agent will ensure you pay the right price, the lowest price possible given market conditions. 

 

How much will it cost me not to use a buyer’s agent?

I talk to buyers every day and a comment I often hear is “I’d love to use a buyers agent to find my property but I really can’t afford it because I need to put every dollar toward my purchase”.

 

I put one to three on-market and off-market property matches in front of my clients every week. These properties are within budget, they have been physically inspected and researched to make sure they’re problem free. 

 

I know how the sales agent will run the campaign and by deal time I’ll know the minimum price that needs to be paid to secure the property. This saves my clients thousands of dollars of search time  and many thousands more by not overpaying. I’ll also buy a better house on a better street which means tens, or hundreds of thousands of dollars more in your pocket. 

 

How? Let’s assume you manage to buy without overpaying and you’ve chosen a good suburb, street, and property type that grows in value at say 4% a year for the next decade.

 

 Now let’s assume I could buy you a slightly better property that grows in value at a slightly better 5% for the next decade. That 1% extra on a $2m property means my purchase will be worth $200k more than yours in ten years time. Not using a good buyers agent will cost you money.

 

Do i need a buyers agent in today’s market?

In a seller’s market with FOMO running high it seems easier to understand the value proposition for a buyers agent.

But great buyer agent work is just as critical in a cooler market. Here’s a few reasons why.

  1. Selling agents get much better at returning your calls in a tough market but they still have one thing top of mind – squeezing the highest possible price out of you. That’s their job. 
  2. We have the relationships with agents which helps us find opportunities in the form of off-market /silent listings by anxious and distressed owners. We also help bring things to market. Potential sellers are more likely to list when a buyers agent walks through the home during an appraisal. 
  3. We assess up to the minute market value. Sydney property prices are volatile. Price action varies suburb to suburb, street to street. Last nights’ sale resets todays suburb benchmark. On a $2M home purchase overpaying by 3% is a $60,000 mistake and buying at a 5% discount to market is a $100,000 win.
  4. Cooling markets are a minefield of second grade properties and unrealistic vendors. We shortlist, inspect and present only the best, most viable options saving you time money and stress. 

How to choose a buyers agent?

Hiring a buyer’s agent is a significant investment. Understanding how to prepare for the buying process and how to choose the right agent for your search will save you in every respect. Avoid the following mistakes and you’re well on the way to a profitable, and enjoyable buyer’s agent experience.

 

Mistake #1. Hiring an agent before your finance is approved.

Serious property hunting without the funds available is unproductive. You cant buy if you haven’t got the money! The first step of buyer preparation is to have your finance in place- preferably a fully assessed loan rather than just an approval in principle.

 

It’s certainly advisable to research your property market, write your brief, and get your buying team in place whilst arranging finance. However, the right time to put your buyer’s agent to work officially is when your finance is approved.

 

Mistake #2. Choosing a buyer’s agent without a buying team if you don’t have one of your own

A successful buying assault on a sought-after home or investment requires a crack team of experts; In addition to your buyer’s agent you’ll need a top broker and solicitor, and if the property is a renovation project, an architect, private certifier, a builder, or tradespeople, an engineer a  quantity surveyor as well. This group comprises your personal army, your buying team.

 

If you don’t have a team at hand make it a high priority to select a buyers agent who can bring one to the table. Hiring this agent means you’ll inherit their panel of experts who have worked together in the past. You’ll enjoy the advantage of ‘synergy’ when an experienced team works together with your buyer’s agent for a great result -all without you having to lift a finger.

 

Mistake #3 Not choosing a buyer’s agent who is completely independent and working for you

A buyer’s agent must be  100% working in your best interest.

 

This means they should not accept any type of incentive or remuneration that would affect their ability to give you independent advice.  A clear contravention of this principle would be a buyer’s agent accepting an incentive from a builder or developer for an introduction that leads to a sale. 

 

Standard agency agreements in all states generally make provision for an agent to disclose referral fees and commissions so you can understand whether there is a financial incentive involved with any of your buyers agents associations.

 

Mistake #4 Not choosing the buyer’s agent service that corresponds to your needs

Good buyers agents generally have three or four core offerings ranging from “Done For You” to appraisal, negotiation, and auction attendance. Choosing the appropriate service will require you to be realistic about your own property skillset and the time you can allocate to your house hunting.

 

 If you have the network, resources, and experience to access suitable properties then an ‘appraise and negotiate’ or ‘bid at auction’ service may really be all you need.


Be aware that although you think you can do the job using just these services, you can’t buy what you can’t see and this approach may cost you more time and money in the long run. 

 

Mistake #5 Not choosing a buyer’s agent who specializes in your desired area

An agent that works (and lives and plays) in the suburbs you are searching within is tuned into the important details that can affect a successful purchase. A formal appraisal or valuation is no comparison to the local knowledge of a seasoned area specialist. Bad neighbours, upcoming poor development, problematic executive committees..a local specialist will be aware and steer you clear of troublesome issues that are not apparent to an outsider.

 

Mistake #6 Not paying the right price for the service you’re getting

Buyer’s agents’ pricing can vary widely, and with good reason. Any good agent will tailor the scope of works to your circumstance and most will agree on a fixed price that reflects the work involved. It is worthwhile to understand what that work entails.

 

 A detailed, particular brief for a property in a tightly held suburb should command a premium and what you’ll be paying for is the buyer’s agent’s network of local selling agents, business people, and community, as well as their less conventional methods of sourcing property.

 

More abundantly available property in a less salubrious suburb will see you paying a buyer more for their time conducting inspections and putting together the deal, or their analytical skills if it is an investment property.

 

Paying an entry-level agent an entry-level fee for a challenging brief will not give you an expert outcome.

 

Be as wary of ‘cheap’ fees as exorbitant fees. Take a moment to consider the difficulty of the task at hand and the time and expertise required.

 

Mistake #7 Not assessing the methods your buyer’s agent will use to find your ideal property

Good buyer’s agents will apply multiple resources to source property and it merits asking how your buyer’s agent operates. Key activities you should listen for include personal outreach to a selling agent network, extensive use of research tools such as RPData, and personal outreach to potential sellers, amongst others. Opportunities arise from contact with people and the best agents spend all day talking and researching.

 

Mistake #8 Not choosing an agent with auction experience if that’s the likely method of sale for your property

If the common method of sale for your future home or investment is via an auction then your buyer’s agent should have extensive bidding experience.

 

Auctions are volatile environments where the odds are stacked against the seller. There is plenty of room for error leading up to, and on the day and you will need an agent that, is calm, knows all the rules, and has multiple battle-tested bidding strategies. A well-chosen agent will often know the auctioneer and their calling style which can help.

 

It’s not considered rude to ask your prospective buyer’s agent about their auction experience, and their preferred bidding strategies.

 

Mistake #9 Not screening your agent for negotiating power

Buyer’s agents are negotiators. They are the conduit between you and all the other players in a high-stakes situation. They’ll likely even mediate between you and your spouse when the pressure is on at deal time! To screen for a good negotiator you’ll need to trust your instincts rather than ask questions. Your prospective hire should leave you with the sense that things are going to go your way. Chances are they’ll be waving that magic wand over the other parties too which makes a good deal more likely.

 

Mistake #10 Not having a well-defined brief for your agent

The more thoroughly you detail and communicate your wants and needs, the better your outcome. A good brief goes way beyond just the property attributes. If the property is to be an investment share your overall long-term goals, how the purchase will fit into your portfolio, and when and how it will be divested.

 

If it’s your family home share what you do for work sports and hobbies, what your evenings and weekends look, like where your kids spend their time. Property choice is driven by lifestyle and understanding this is key for your agent to find that perfect property match.

 

Mistake #11 Not confirming your buyer’s agent will be working exclusively on your brief

A buyer’s agent cannot work in your best interest if they have signed on other clients looking for the same type of home in the same suburb and a similar price range.

 

You need to ask the question- will your brief, price range and instruction have exclusivity in your agents’ portfolio, until they have found your property? It’s not a rude question to ask a prospective buyers agent what other types of clients they will concurrently be working on and what assurances they can give you there will be no conflict of interest.

 

It’s easy for buyer’s agencies large and small to blur the line by having multiple clients with similar briefs. In a tight market with short supply who gets first dibs on something matching multiple briefs?

 

Mistake #12 Choosing a larger agency and being assigned a junior or an associate.

As with many professional services sectors you run into the possibility of being pitched to by a senior expert only to have your brief delegated to a junior once you are on board.

 

 This can be a frustrating experience. If you are choosing a larger organisation always confirm that the agent you want to be looking after you actually will personally be responsible for your search.

 

Mistake #13 Not reference checking your Buyers Agent

Just as you would when you hire an employee- dont be afraid to ask your buyers agent for one or two names of past clients who would be happy to comment on how they worked. Confidentiality issues aside a good buyers agent should be able to agree to this. 

 

So there it is in a nutshell. Using a buyer’s agent will be a profitable and enjoyable experience so long as you can avoid the above mistakes.

What questions should i ask a buyer’s agent before hiring them?

 

When you’re hiring a buyer’s agent, it’s important to ask a few questions to ensure that they’re the right fit for you. Here are some questions you may want to consider:

 

  1. What experience do you have as a buyer’s agent?
  2. How do you plan to help me find the right property?
  3. How familiar are you with the local real estate market?
  4. Can you provide references from previous clients?
  5. How will you communicate with me throughout the buying process?
  6. How do you handle negotiations and bidding wars?
  7. Do you have experience working with first-time homebuyers?
  8. How do you get paid for your services?
  9. How many clients do you currently have?
  10. Do you work full-time as a buyer’s agent or do you also handle listings?

Asking these questions will help you get a better sense of the agent’s experience, expertise, and approach to working with clients, which will help you make an informed decision when hiring a buyer’s agent

 

Can you claim buyers agent fees on tax?

If you are using a buyer’s agent to purchase an investment property, for example, your buyers agent fees may be capitalised into the purchase and be deductible on sale. Even if you are using a buyer’s agent to purchase a personal residence, it’s worthwhile hanging on to the invoice. Check with your accountant and tax agent to see what portion of fees may be expensed and how. 

Can a property seller contact the buyer agent directly?

Yes, a property seller can contact the buyer’s agent directly. This does in fact happen. Here at Unicorn Buyers Agents we are contacted daily by sellers interested to avoid sales agents commissions by seeing if we may have a buyer for their property.

A property seller who already has their home listed with a sales agent is much less likely to contact the buyers agent directly as they trust their nominated agent to facilitate the transaction. 

 

A property seller who is selling privately will contact the buyer agent directly and we have conducted a number of purchases directly with the seller.

 

On occasion, a buyers agent may contact a seller directly even if they have a sales agent- but always with the permission of the sales agent. It may be to clarify some detail directly, to give a client peace of mind. 

 

Do i have to sign a buyer agent agreement?

Yes, you do have to sign a buyer agent agreement. A buyers agent operating in NSW is required to be either a class one or class two real estate agent and must operate under legislation set down in the Property, Stock and Business Agents Act and Regulation. The legislation stipulates that an agency agreement must be in place between an agent and a principal, outlining the terms on which the work will be conducted.

Can you have multiple buyers agents?

Whilst you could theoretically have multiple buyers agents working for you, it would be both unlikely and undesirable for you to enter into this arrangement. Most buyers agents will require you to enter into an exclusive agency agreement which recognizes they alone are working for you and their fee is liable to be paid even in the instance another buyers agent finds a property.

 

Here at Unicorn Buyers Agents we work with clients confident to trust us to find and purchase their home and as such only enter into exclusive agency agreements. We do not co-opt with other agents. 

 

So saying, we do occasionally collaborate with buyers agent colleagues outside of our organisation to assist us with a challenging brief. In this instance, we negotiate remuneration directly from our commission and no further fee is payable by our clients.