FAQs

Frequently Asked Question

What areas do you service?

Lux Buyers Agents service all of Melbourne and surrounds. However, we have particular experience and expertise in Melbourne’s inner city and Melbourne’s North West.

What is an off market property?

An off market property or listing is a property that is for sale but is not featured or listed on websites such as Domain or real estate.com

Some sellers make the decision to sell their property off market as a way to see what kind of interest there is in the property and to better understand what kind of price they can command. Others choose to list their property off market to save on advertising and commission fees or maintain their privacy.

How can a buyer's agent/advocate help me?

A buyers agent, also known as a buyers advocate, provides independent, expert property advice, to ensure you purchase high quality property that is in line with your goals and long term ambitions. A buyer’s agent/advocate works on your team to help you buy the right property at the right time and for the right price. A buyer’s agent/advocate will also help identify suitable property for you, negotiate on your behalf,bid at auction for you and help you to discover the untapped potential in a property and assist you in reaching your financial goals.

How does a buyer’s agent/advocate work?

A buyers advocate works to make acquiring property stress free and simple, saving you both time and money. Say goodbye to tireless weekends searching properties, attending opens and auctions and navigating the landscape that is the Australian property market of under quoting and properties selling for significantly more than the listed price at auction. Lux Buyers Agents work with you to take a customised approach to your property journey, creating a strategy that is unique to you and your individual circumstances. Identifying suitable properties and then taking responsibility for due diligence, negotiation and acquisition on your behalf. Making it stress free and easy to buy a property.

Can a buyer's agent/advocate save me money?

A Lux Buyers Agent will provide you with an independent appraisal of a property that meets your brief and requirements. This property may be sourced from the public market or be a private off market opportunity. Our aim is to help you secure the right property at the right price for your needs. Sometimes this may see you save money when compared to doing the searching, due diligence and negotiations yourself. Other times, this may see you purchase a great off market property at the right price that you would not have had access to without the support of the Lux team. At Lux Buyers Agents it’s all about the right property at the right price which can save you potentially hundreds of thousands of dollars both now and in the long run.

Will Lux Buyers Agents deal with the vendor's real estate agent for me?

Simply put, yes. We are your representative for buying the property and work solely for you. The real estate agent is the vendor’s representative, and works solely for them. We will consider your best interest in relation to the property and the opportunity that presents. You will not have to navigate any negotiations with the real estate agent. Our team will take care of everything for you, levelling the playing field when working towards achieving the right price.

Will Lux Buyers Agents bid on my behalf at auction?

Yes we will! You don’t even need to attend the auction if you are unavailable or interstate. We take care of all negotiations and bidding on your behalf.

How are Lux Buyers Agents independent?

Lux Buyers Agents are licensed real estate buyers agents and do not have any affiliation with other real estate companies or agencies.

How do you value a property?

Valuing a property is part of the process; it is a complex and lengthy process and can be different for each property and location. The main factors we consider include median house prices in the area, comparable sales,Infrastructure, location, proximity to amenities and attractions,demographics, future potential of the home or land as well as other factors more tailored to the property and the opportunity. Once we have completed an appraisal for a client we take the time to walk you through it so you fully understand how we got to the final value.

Why do people use a buyer agent?

There are many reasons why people engage a buyer’s agent. Some people utilise a buyers agent to streamline the process and ensure they are approaching their property investment strategy in the most effective and efficient way. Using a buyers advocate/agent ensures that you don’t spend hours and days searching for property and attending opens and auctions. Working with a buyers agent puts you on the most direct path to buying the right property for you saving you time, money and a whole lot of stress!. Another reason why people engage a buyers advocate/agent is to gain access to properties that are not publicly listed. Did you know that more than 40% of property sold on Australia’s major real estate websites is off market property? Many property investors are looking for an edge in the market, a way for them to be a step ahead of the competition. Working with a buyer’s agent gives you just that! Accessing off market properties allows you to purchase property that is not as hotly contested by the entire market and allows you to work with vendors who are ready to sell for the right price. Buyers agents are also a great way for people to get into a market when they live interstate or overseas. Buyers agents are real estate experts in their local area and can assist you on the ground in identifying the right areas for your property goals, as well as handling all of the paperwork and leg work for you.

What should I prepare for the discovery call?

Before the call you should have an idea of what short term or long term property goals you may like to achieve, you should also have a good understanding of your current financial position.

This will ensure we can get a good read on where you are and where you would like us to help you get.

Who will take the call?

All discovery calls are handled by our Director Rob, ensuring each client receives a personalised approach to their property journey right from the start.

How much money do I need to start?

So that you can hit the ground running we recommend that you have borrowing capacity, equity or savings to the value of $60,000. This is not a payable fee to Lux Buyers Agent, this just ensures you are able to put forward a deposit for a home when the time is right to buy.

How long does the process take?

If you feel we are a good fit for you and your brief and we believe we can make them a reality, After the initial call the next step is to book a 45 minute strategy meeting the turn around time of your first property can be as little as 6 weeks depending on your criteria.

When should I engage a buyer's agent/advocate?

You don’t need pre-approval to engage the Lux team, we can assist you in getting pre-approval so there’s no better time to start then now!

FAQs

Frequently Asked Question

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FAQs

Frequently Asked Question

BOOK YOUR COMPLIMENTARY DISCOVERY CALL

find out more how we can help you find the perfect property.

Get In Touch

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