Property Search Only Service
The Property Search Only Package is a streamlined service designed specifically for buyers who need assistance finding properties but are comfortable handling other aspects of the buying process—such as negotiations, bidding, or managing legal details—on their own. Below is a more detailed breakdown of what this package includes:
- Initial Consultation
What happens:
The process begins with an in-depth consultation where the buyer outlines their specific criteria. This helps the agent narrow down the search and focus on the most suitable properties. Topics discussed typically include:
- Property type (house, apartment, townhouse, etc.)
- Preferred location or suburbs
- Features (e.g., number of bedrooms, backyard size, garage, etc.)
- Budget range
- Purpose (primary residence, investment, holiday home)
- Timeframe for purchasing
Goal:
To clearly understand the buyer’s requirements, preferences, and goals, allowing the agent to tailor the property search.
- Comprehensive Property Search
What happens:
The agent conducts a thorough property search based on the buyer’s specifications. This includes:
- Scouring real estate platforms (e.g., Domain, Realestate.com.au)
- Accessing off-market opportunities through the agent’s network
- Consulting with other agents and industry contacts
- Property Shortlisting:
The agent will compile a list of properties that match the buyer’s criteria. The number of properties short-listed will depend on market availability, but the agent typically provides 5-10 options.
Goal:
To present a curated selection of properties that fit the buyer’s requirements.
- Market and Suburb Analysis
What happens:
The agent provides detailed reports on each shortlisted property, including:
- A Comparative Market Analysis (CMA) to show how the property compares to similar recent sales in the area.
- Suburb data and trends, including historical price growth, rental yields (for investors), and development plans.
- Information on local infrastructure, such as schools, parks, public transport, and shopping amenities.
Goal:
To ensure the buyer is well-informed about the property’s value and the local market dynamics, helping them make an educated decision.
- Off-Market Property Access
What happens:
One of the key benefits of using a Buyers Agent is gaining access to off-market properties that aren’t listed publicly. These are often exclusive listings only shared through agents’ networks. In the Property Search Only package, the agent will:
- Tap into their relationships with other agents, developers, and property owners.
- Present off-market opportunities that fit the buyer’s criteria.
Goal:
To provide the buyer with access to properties that the general public may not be aware of, giving them a competitive edge in the property search.
- Property Reports
What happens:
For each shortlisted property, the agent will create a comprehensive report that covers:
- The property’s current market value.
- Potential growth (for investment properties).
- Any potential red flags (e.g., zoning restrictions, flood risks).
- Property features and condition.
- Comparable recent sales.
- Rental yield potential (if the property is for investment).
Goal:
To provide the buyer with all necessary data to make an informed decision.
Property Inspections (Optional add on)
What happens:
Depending on the buyer’s preference, the agent may attend property inspections on their behalf or arrange inspections for the buyer to attend. The agent will provide detailed feedback on each property, including:
- The condition of the property (potential issues, build quality, etc.)
- Location and neighborhood analysis (proximity to schools, transportation, shopping, etc.)
- Marketability or investment potential (for investment properties)
- Virtual Inspections:
For interstate or overseas buyers, virtual inspections may also be arranged. This allows the buyer to view the property remotely via video or virtual tour.
Goal:
To give the buyer an objective, expert assessment of the property without them needing to attend every inspection in person.
What Is NOT Included in the Property Search Only Package:
- Negotiation:
The agent does not handle negotiations with the seller or their agent. Once the property is shortlisted, the buyer is responsible for making offers and managing the negotiation process. - Auction Bidding:
The agent will not represent the buyer at auctions or provide bidding services. - Legal and Contract Review:
The agent does not get involved in reviewing contracts or assisting with legal documentation. - Settlement Coordination:
The buyer handles all aspects of the settlement process, including liaising with solicitors, conveyancers, and other parties.
- Negotiation:
Key Benefits:
- Time-Saving:
The agent does all the legwork, searching and shortlisting suitable properties, saving the buyer time and effort. - Access to Off-Market Properties:
Buyers gain access to off-market opportunities that aren’t available through public listings. - Professional Insights:
The buyer benefits from the agent’s expertise in market trends, property valuation, and area insights. - Tailored Property Options:
Buyers receive a curated list of properties specifically tailored to their needs, preferences, and budget.
Who Should Consider the Property Search Only Package?
- Buyers Who Have Experience Negotiating:
Those who feel confident negotiating and managing the legal aspects of the purchase on their own. - Buyers Comfortable with the Auction Process:
Buyers who are experienced with auctions and can manage the process themselves. - Time-Poor Buyers:
Individuals who don’t have the time to search through hundreds of property listings but are comfortable handling the rest of the purchase process. - Buyers Located Remotely:
Interstate or international buyers who need someone on the ground to shortlist properties but can manage other aspects of the purchase themselves.
In this package, the agent’s primary role is to streamline the search process, provide access to properties that meet the buyer’s criteria, and ensure the buyer is well-informed about the market and property specifics. The buyer, however, retains full control over negotiations, contracts, and settlement, allowing them to save on agent fees while still benefiting from professional property search services.
