Last Updated on November 11, 2022 by hassan abbas
When you’re buying a property, you may engage the services of a buyer’s agent or a buyer’s advocate. Although these terms are sometimes used interchangeably, they are actually two different things. So, what’s the difference between the two? A buyer’s agent is a professional who helps you find and purchase a property. A buyer’s advocate is a professional who represents you in the sale of a property. Both buyer’s agents and buyer’s advocates can help you navigate the purchase or sale of a property. But there are some key differences between the two.
In this brief article, we’ll explore the differences between buyer’s agents and buyer’s advocates and help you decide which one is right for you.
What is a Buyer’s Agent?
A buyer’s agent is a professional who helps you find and purchase a property. They can help you locate the property, arrange for a viewing, and assist you with everything related to the purchase of the property. Buyer’s agents can help you with all the documentation needed throughout the process and can even help you negotiate a better price. Buying property can be stressful, and using the services of an experienced buyer’s agent, can alleviate that stress and make the process much smoother and easier than it would otherwise be.
What is a Buyers Advocate?
A buyer’s advocate is a professional who represents you in the sale of a property. The primary role of a buyer’s advocate is to locate potential buyers for your property and help you negotiate the sale price. Like a buyer’s agent, buyer’s advocates can help you with the paperwork and guide you through the process of selling your home. Working with a buyer’s advocate can save you a ton of time and stress and help ensure that the transaction goes off seamlessly and that all the legalities are taken care of.
The Key Difference Between a Buyer’s Agent and a Buyers Advocate
The key difference between a buyers agent and a buyers advocate is who they represent. A buyer’s agent is working for you, the buyer, while a buyer’s advocate is working for the seller. This means that a buyer’s agent will help you find a property and negotiate the purchase, while a buyer’s advocate will help you sell your existing property.
If you are looking to buy a property, then your best bet will almost always be to use a buyer’s agent who can help you find the perfect property and navigate the purchase process. If you are looking to sell your property, then you may want to use a buyer’s advocate to help you find a buyer and negotiate the sale price. That said, most real estate professionals serve in both capacities and act as buyer’s agents at times and buyer’s advocates at other times, depending on the client.
Summary
Although the terms can be confusing, it’s actually fairly simple. Buyer’s agents help you find and buy property, while buyer’s advocates help you find buyers and sell your existing property. Most real estate agents can do both, so it really just depends on whether you’re buying or selling. If you are looking to buy a property in Victoria, then be sure to contact a buyer’s agent in Victoria today.
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