Frequently Asked Questions
Here is a list of buyers advocates FAQs
What is a the difference between a real estate Sales agent and a Buyer's advocate?
We are required to be fully Licensed under the Estate Agents’s Act, however, a real estate Sales agent wants to sell you only their own listings and negotiate the highest price for the seller. A Buyer’s advocate wants to ensure you only buy high Quality property and then we want to negotiate the lowest possible price for you, the buyer.
Who should use a buyer's advocate?
Most buyers can benefit in using a good buyer’s advocate. Good buyer’s advocates will have qualifications, experiences, networks and insights that most buyers simply will not have. Buyer’s advocates are a proven way to reduce risk, save time and save money when buying property.
Can MBA buy property outside of Melbourne? In the Country, the Peninsula, the Snowfields?
Yes – MBA and its Directors are fully Licensed Buyer’s Agents and can source, assess, negotiate and Buy Property anywhere in Victoria.
Can MBA buy for overseas or interstate buyers?
Yes – MBA has considerable experience with many satisfied overseas and interstate buyers of Melbourne properties.
What are MBA's fees?
We use a 4-step proven Process.
MBA will charge you $0.00 to call or come in for a chat. It’s worth it to find out how we can help you buy better and that would typically include a Preliminary assessment of a “target” property that you might fancy to get a feel for what you do and don’t like.
If the Property passes the Preliminary Assessment, then we do a deep Due Diligence Report. We do charge for detailed Reports on Properties, but they are not expensive. Our full Process and Costs are here.
If we all decide the Property passes all the tests, and you decide to engage us, our fee is $550.00 our full. Process and Costs are here.
We offer you the decades of combined experience of MBA, hours of detailed preparation and research, access to our network of contacts and the benefits of our considerable industry knowledge.
If we cannot successfully negotiate you a purchase within the price limit and brief you give us, then the only charge is $550 for our time in trying (plus the Due Diligence Report).
On a successful purchase for you, our fee range will between 1-2% (plus GST) depending on the price range of the property. We will offer you a three-tier “incentive bracket” fee structure within that range of 1-2%, where the more cheaply we can buy for you, the more you and we both win.
Our results tell us this is a very fair fee structure for the services we deliver.
Can MBA help with Contracts/Conveyancing / Section 32 work and Selling?
Absolutely. Our related company Stonnington Conveyancing is the most respected Conveyancing Practice in the Inner suburbs of Melbourne. Due to that relationship, we understand the fine print of the sale contract. We read every word on every page “in-house”, investigate thoroughly and advise you accordingly. We are continually amazed with what others don’t check, or miss.
To our knowledge, we are the only related companies offering both Licensed Conveyancing (Settlements/Sales Documents) and Licensed Buyer’s Advocacy services under the one roof in Melbourne.
If you also intend to Sell a Property, we can prepare very high quality Sales Documents “in house” and introduce you to only the best Sales Agents – we Buy from them, so we know which ones are good at their jobs and which ones are not!
Benefit from inside information
on properties not yet listed