Independence

No conflicts. Engage Wakelin Property Advisory and you can be assured we will have one master. You.

We have a ‘one property, one client’ buying rule. That is, our clients don’t compete for the same property. Moreover, our property team members do not have individual commission targets. This ensures they work together collegiately to achieve common goals.

When buying property the only remuneration we receive is from the property-buying client. We receive no fees from real estate agents or developers.

Our fees are constructed in two parts. There is an administration fee payable on our appointment. Then, following the successful acquisition of a property, a consultancy fee is raised.

Value

To learn more about our fees and the value they will deliver please contact us and speak to a property team member.

Following that conversation we are confident you – like thousands of past clients over the 25 years we have been operating – will recognise the tremendous value they represent.

How to choose a buyer agent or buyer advocate

Selecting the right buyer agent will help you secure a great result and avoid expensive disappointment.

What to expect from a buyer’s agent

A buyer’s agent should understand your needs (whether it is home buying or investment) and the goings on in the market. They use this information to source the right property; and then negotiate for that property, be it via an auction or through a private sale.

Hiring a buyer’s agent is about getting the right property. Right in terms of meeting the criteria and at the right price – as cheaply as possible. But it is not really about a bargain hunter mentality. Good quality property will invariably come at a price. You want to pay a fair price and not over-pay.

In the case of investors, this is about finding property with a track record and propensity for capital growth. The buyer’s agent also helps select the property manager and set the rent.

What to pay?

The fee tends to be based on a couple of factors, most importantly whether there are some parts of the property identification and acquisition process that you undertake yourself.

Don’t try to get the cheapest buyer’s agent you can find. You would not appoint the estate agent that gives you the lowest quote. Their attention, commitment and willingness to spend time to negotiate is in direct proportion to how they’re being paid.

If a buyer’s agent is charging a low fee, there is a high likelihood that they depend on a high turnover rate. They will be more interested in closing the deal and moving onto the next one as opposed to maximising their client’s interests.

How independent are buyer’s agents?

Buyer’s agents should be independent of financial advisors and developers but that does not mean all of them are. If a buyer’s agent appears to have interests outside of your own, walk away.

Ask them how they are remunerated? Fees should be paid by you. If fees are paid from other sources the advice they give you may not be impartial.

What questions to ask a buyer’s agent?

  • What do you specialise in? Are our interests aligned?
  • Do you have any affiliations that I should know about? Are there any conflicts of interest?

  • What is your experience? How well do you know this particularly area? How long have you been working in property/selling property?
  • Do you have anyone I contact as a referral?

  • Are you licenced? Are you a member of an association or institute?
  • What are your ongoing services once the property has been purchased?

  • What are the risks involved?
  • What ongoing education do you and your staff undertake?

Please fill in form below or call 03 9859 9595 to enquire about investing in property via an SMSF.

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