Role of a buyer's advocate unveiled – An Overview

These days the majority of the prospective home buyers prefer to approach buyers to advocate for selecting the right house or property. One of the main reasons for this change in outlook is because, unlike a buyer’s agent who acts as per a commission, the advocate’s role is not just restricted to finding a property but is beyond that. 

In this article, let us find out more about his role and how you can find one that is reliable and will serve your purpose.

What are the responsibilities of a buyers’ advocate?

Regardless of whether you are referring to buyers advocate Brisbane or in any other part of the world, more or less, the responsibilities are the same. Apart from working towards compliance for certain norms that differ from one place to another their roles are pretty much the same. 

Let us find out more about the role. The prospective home buyer will give a list of his requirements that will include specification about the new property like-

• The budget
• Location preferred
• Type of establishment- whether it must be a villa/bungalow, standalone property or apartments
• One that is under construction or is ready for moving-in
• Valuation of the property, and so on
• Whether it is an investment property or will be the primary residence of the client

Role of the buyer’s advocate

Depending on the above specifications, the advocate acts and tries to locate or identify a property within the specifications. It is just one of the roles. The others are as follows-

1. The advocate will carry out thorough research for the type of properties that meet the client’s standards and specifications.

2. After identifying the property and the client liking it, the lawyer takes into account the legal aspects.

3. The advocate also offers advice and the appropriate suggestion and recommendation to the client.

4. Then they carry out the buying process by adhering to all legal, functional, and technical aspects in mind.

5. It is also the duty of the buyers advocate to guide and advise you against any property that may not be a suitable investment property.

6. He or she will also suggest and make you aware of the price of any property that you intend to buy. They will inform you if you are buying at a higher price than the market value.

7. Often, more than one buyer may be eyeing a particular property. Under such circumstances, the advocate must safeguard his or her client against unnecessary harassment and pressure from real estate brokers.

The points mentioned above are just a few of them. He or she will also take on additional responsibilities if the property in question is disputed and requires sorting out things. These are aspects only a person with legal knowledge can help you with.

So, you must select the right advocate that will help you identify suitable investment property. Hire the services of a company that has been in the business for several years and can bank upon.