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Working With Real Estate Agents to BuySell Land in Victoria

Either you will buy a piece of land or you will sell land, in either case, you will be hiring a real estate agent. Working with the buyersu2019 agent and working with the sellersu2019 agent and buying land in Victoria directly are all different. Get more information regarding this topic as well through our website. Visit: https://rhlandvictoria.com.au/working-with-real-estate-agents-to-buy-sell-land-in-victoria/

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Working With Real Estate Agents to BuySell Land in Victoria

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  1. Eitheryouwillbuyapieceoflandoryouwillsellland,ineithercase,youwillbehiringarealestateagent.Working withthebuyers’agentandworkingwiththesellers’agentandbuyinglandinVictoriadirectlyarealldifferent.In thisblog,wewilltakeyouthroughthedifferencesinallthreeprocesses. Inordertobuyorsellland,thereisagoodchancethatyouwillbeworkingwitharealestateagentespeciallywhen itcomestosearchingforaland. Agoodagentorabroker(theownerofarealestatebrokerage)canbeagreatresourceastheywillhelpinlocating, evacuating,andcomparingthepiecesofland. Justrememberthatunlessyouareworkingwiththebuyer’sbroker,therealestateagentmightbeworkingforthe seller,ifnotyou. No matter how professional, friendly or informative the real estate agent might be. No matter how many propertiesandagentshowsyou,theagentstraditionallyworkforthesellerandhavealegalfiduciaryobligationto actinthebestinterestoftheseller. Also,whenyouhavetogetdowntothefinancialnittygrittyofpricesandoffers,youmusttaketheiradvicewith utmostcaution.Infact,mostrealestateagentsarequiteknowledgeableabouthousesthanthevacantland,so theirknowledgeaboutthewells,septictanksystem,zoning,andtherestmaybelimited.Youwillhavetodoyour ownresearchandmakesurethelandyouarewantingtobuyfulfillsyourneeds. Inordertobuyorevensellland,youmustchoosearealestateagentcarefullyasthereisalotofmoneyonthetable andmistakescancostyoualotoffinancialsecurity.Hireaprofessionalrealestateagentwhoisknowledgeableand experienced.Theonewhoworksincoordinationwithyou,listenstoyourneedsandevenhaveagoodrapportin themarket.

  2. WorkingWithTheSeller’sAgent Whetheryoulikeitornot,thereisbydefinitionanadversarialrelationshipbetweenbuyerandvendor.So,confiding intheagentwhoisworkingfortheopposition,forinstance,tellingthebrokerhowhighyouwillgoinanegotiationis unwiseastheagentisboundtotellthistotheseller.Whileontheotherhand,theseller’slistingagentcanbean excellentsourcetogetdetailedinformationaboutproperty. Theagentwillprobablyknowaboutthepropertyandthesellerthananyotherrealestateagent.Withthe increasinglystrictrealestatedisclosurelawsenacted,thesellers’agentisunlikelytowithholdinformation. So,itissuggestedtoasktheagentasmanyquestionsyoumaywanttoasklikeabouttheperctests,waterquality, wetlands,formerusesoftheland,etc.Makesureyouconfirmtheinformationgiventoyoubeforemakingafinal decisionoractingonit. Thelistingagentalwaysknowhowforlongthepropertyhasbeenonthemarketplaceanditspricehistory(whichis also now readily available on the web). The listings agent probably has some insight into the sellers’ level of motivationtooandthethingstheyarewillingtoaccept.Justtoletyouknow,youragentisunlikelytoadviseyouon howmuchtobidbecauseitwouldbeviolatinghislegalobligationtowardstheseller.

  3. WorkingWithABuyer’sAgent Wehaveunderstoodabouttheseller’sagent.Now,letusseeworkingwithabuyer’sagent. FortunatelyforbuyersoflandinVictoria,therealestatebusinessisintransitionandmoreandmoreagentsand brokersmightworkwithyouasabuyer’sagentorasabuyer’sbrokerthattooatnoadditionalcosttoyou,asthey arepaidoutofthesalescommission.Insuchacase,thebroker’sfiduciaryobligationistothebuyer. Ifyouareplanningtolookintoalotofproperties,thenIwouldrecommendworkingwiththebuyer’sbroker.Ifa buyer’sbrokerisnotavailableinyourarea,contactRaineandHorne.Theteamofprofessionalrealestateagentsare heretoassistyouthroughouttheprocessofsellingandbuyinglandinVictoria. Youwillbenefitfromtalkingdirectlywiththeseller’sagent.Also,theentiresearchprocesswillbesimplifiedandyou canevenaskquestionstothelistingbroker. Toavoidanysortofconflictoranycomplicatedsituationfromarising,itisbettertoaskqueriesaboutanydoubts,if youhave.

  4. DirectlyBuyingLandInVictoria Oftenthelandissolddirectlybytheowner,oroftenbyadeveloperwhohasboughtalargeparcelandsubdivided theland.Withfewermiddlemen,youcanalsogetabetterdeal.However,youmighthavetobeonyourtoesasyou mightaswellbedealingwithaseasonedprofessionalestateagentwhowouldknowalotmorethanyoudoabout landandacreage.SellingorbuyinglandinVictoriamayseemaneasytaskbutitiscertainlynothowitseems.There arealotoflegalitiesinvolved,monumentalamountofpaperworkandalotofprofessionalnegotiation. Tobeabletogetafairdeal,itissuggestedtoemployarealestateagentwhospecializesinbuyingandsellinglandin Victoria.ContactRaineandHorneandletusgettheworkstarted.Dropusalinenow!

  5. GET IN TOUCH Suite2/263-329LorimerStPortMelbourne,3207 (03)90525600 info@landvictoria.rh.com.au ContentResource: https://rhlandvictoria.com.au/working-with-real-estate-agents-to-buy- sell-land-in-victoria/

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