Buyer's Information Hub
A simple breakdown of the buying process, including essential insights on property costs and the support available to you from a buyers agent.
Costs to Consider Before You Buy
Simon Lord Buyers Agent is dedicated to simplifying the buying process. I help you understand the essential property costs so you can plan your purchase with confidence.
Deposit: Typically 5–20% of the purchase price; lower deposits may attract LMI.
First Home Owner’s Grant (FHOG): A one-off Government grant for eligible first home buyers; this varies by state.
Stamp Duty: A state-based tax with rates, exemptions, and concessions depending on your location.
Finance Pre-Approval: This confirms your borrowing capacity, allowing you to search and make offers confidently.
Buyer’s Agent Fees: I provide a fixed-fee structure for clear and upfront budgeting.
Your Step-by-Step Property Buying Process
Step One: Finance & Pre-Approval
Step Three: Due Diligence & Negotiation
Step One: Finance & Pre-Approval
A mortgage broker reviews your financial situation and confirms your borrowing capacity, which is essential for the buying process. Getting pre-approval enables you to make stronger offers and act quickly when the right property appears, helping you navigate the property costs effectively. Typically, mortgage brokers are compensated by le
A mortgage broker reviews your financial situation and confirms your borrowing capacity, which is essential for the buying process. Getting pre-approval enables you to make stronger offers and act quickly when the right property appears, helping you navigate the property costs effectively. Typically, mortgage brokers are compensated by lenders rather than buyers, and I can connect you with reputable professionals who understand both the market and the needs of a buyers agent.
Step Two: Buyer’s Agent Support
Step Three: Due Diligence & Negotiation
Step One: Finance & Pre-Approval
As your buyers agent, I meet with you to understand your goals, preferred suburbs, and budget during the buying process. I research locations, inspect suitable properties, and identify off-market opportunities to find the best options for you. I liaise with selling agents, provide estimated property costs, and ensure you have the right pr
As your buyers agent, I meet with you to understand your goals, preferred suburbs, and budget during the buying process. I research locations, inspect suitable properties, and identify off-market opportunities to find the best options for you. I liaise with selling agents, provide estimated property costs, and ensure you have the right professionals involved. My role is to save you time, reduce stress, and guide you through each decision with clarity.
Step Three: Due Diligence & Negotiation
Step Three: Due Diligence & Negotiation
Step Three: Due Diligence & Negotiation
As your buyers agent, you decide which properties to pursue. I negotiate with selling agents or bid at auction on your behalf, guiding you through the buying process. I coordinate key due diligence with licensed professionals, including building and pest inspections, heritage, flood, and fire zone checks, as well as conveyancing and legal
As your buyers agent, you decide which properties to pursue. I negotiate with selling agents or bid at auction on your behalf, guiding you through the buying process. I coordinate key due diligence with licensed professionals, including building and pest inspections, heritage, flood, and fire zone checks, as well as conveyancing and legal reviews to ensure you are aware of all property costs. I support you all the way through to settlement and beyond.
Professional Auction Bidding Services
Attending the Auction
As your buyers agent, I act as your authorised bidder, explain the auction rules beforehand, and guide you through the buying process so you know what to expect on the day, including any potential property costs.
Auction Strategy
We discuss the best approach based on your budget and the property’s estimated value, ensuring that as your buyers agent, you have a strong, well-planned bidding position throughout the buying process while considering all property costs.
Bidding at Auction
Auctions can be emotional, which is why having a buyers agent is crucial. I step in to remove the pressure during the buying process and make confident, strategic decisions on your behalf, ensuring you are aware of all property costs involved.
Winning at Auction
If the property doesn’t sell, being the highest bidder can give us the first opportunity to negotiate directly with the seller. This position often proves to be stronger than winning outright, especially when working with a buyers agent who understands the buying process and can help navigate property costs effectively.
Property Buying Tips for First-Time Buyers
$1,100 (incl. GST): First property
$880 (incl. GST): Second property
$660 (incl. GST): Additional properties
Win or lose, multiple auctions may be required, and the structure of property costs is designed to support this.
What’s Included
- Discussion on budget and needs with a buyers agent
- Explanation of the auction process and rules
- Bidding guidance (opening bids, vendor bids, etc.)
- Importance of due diligence in the buying process
- Communication with selling agents
- Outlining auction conditions like the deposit required and the absence of a cooling-off period
- Pre-auction negotiation if appropriate
- Negotiation if the property is passed in
Working Together
Auction bidding is just one aspect of how I support you as your buyers agent. Together, we navigate the buying process with a single goal: securing the property you want while being mindful of property costs.
Helpful Resources for Your Journey
Everything you need to understand the buying process, including insights on property costs and the role of a buyers agent, is available in one clear resource.
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