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Market Comment

Dedicated Buyer Advocates in Melbourne & Victoria

We are Licensed Real Estate Agents that specialise in buying property. We are known as Buyer Advocates, Buyer Agents or Property Finders. We are licensed in the state of Victoria in the same way as any selling agent is, and we are members of the REIV. As Buyer Advocates we work only for the buyer.

We will not sell you any properties. We will not tell you to buy an apartment because that is what we always buy. We will not tell you that one suburb is a better area for you to buy in than another. Because every person buying property is different. You have different needs, budgets and goals. We will listen to you and then give opinions of what to purchase that will fit your goals.

Our aim is to assist the buyer to find the right property at the right price in the right time.

What is a Buyer’s Advocate or Buyer’s Agent?

A Buyer’s Advocate or Buyer’s Agent is a licensed Real Estate Agent that works for the buyer. The Estate Agents Act tells us that an estate agent can only have one principal and that the principal is the person who pays the agent. In the situation of a vendor selling his property; He engages a selling agent and pays them a commission and therefore the selling agent must work in the best interests of the seller. The selling agent is contractually obligated not to assist a buyer.

A buyer’s advocate or buyer’s agent is paid by the purchaser and is contractually obligated to only assist the buyer. A buyer’s advocate typically can assist with information about where to buy (budget, types and styles of property) searching, assessing and of course, negotiating. A good buyer’s advocate will level the playing field between the buyer and seller and mitigate the one sidedness of the property purchase.

Who uses a Buyer’s Advocate?

Simply put – anyone purchasing a property should be using a buyer’s advocate or buyer’s agent. It is no different to going to court and one side has legal representation and the other does not. It would be seen in the courts as totally unfair, however nobody actually warns a purchaser they should seek their own representation. The Real Estate Institute of Victoria have now adopted a policy to encourage ALL purchasers to engage the services of a licensed REIV Buyers Agent in order to receive professional advice whenever they purchase property. This was adopted by their Board of Directors in 2013.

Market News RSS

Victoria’s new underquoting laws

On May 2, 2017 By Ian James

May 1st 2017 has been and gone and there has been very little noticeable change to the way property is being quoted online. Whilst the new SRead more

Housing affordability

On March 7, 2017 By Ian James

The State Government have decided that first home owners need more help to get into the market place. By reducing stamp duty payable on theiRead more

Underquoting – gone tomorrow or here to stay

On February 27, 2017 By Ian James

New legislation passed the Victorian parliament late last year known as the Estate Agents Amendment (Underquoting) Act 2016. The Act is dueRead more

Renovating an investment property

On February 5, 2017 By Justin Lilburne

A few times a month we are asked how much will this cost to renovate or the much loved, I have been watching “The Block” or the latest crazeRead more

The year that was and is likely to be

On February 1, 2017 By Ian James

Last year we have seen some rather large upheavals both across the world and in the property market here in Melbourne. We saw Brexit, ChinaRead more

Weekly Stats

Monday 11th December
Total Auctions 1366
Passed In 434
Passed in after Vendor’s Bid 207
Sold Before Auction 153
Sold at Auction 776
Sold after Auction 3
Clearance Rate 68%
Total Private Sales 373
Source: REIV, week ending 10/12/2017
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Testimonials

Emil and Penny

On January 12, 2017

When we bought our current house 5 years ago we asked JPP to help us find it. WhRead more

Wayne

On November 22, 2016

Justin provided excellent communication and service. He attended to all our querRead more

Daniel

On October 19, 2016

Your service is very great! We very satisfy! The post Daniel appeared first on JRead more

Sandra

On March 2, 2016

Hi Justin and Ian, Thanks very much for all your assistance in helping me to buyRead more

Carla & Paul

On June 29, 2015

When you haven’t bought property before, you should consider a buyers advoRead more

Anna

On April 30, 2015

I’m really glad I made the decision to use JPP Buyer Advocates. Justin gavRead more

Anonymous

On January 28, 2015

We’d like to acknowledge the excellent service you provided us with in buyRead more

Anonymous

On January 28, 2015

Hi Sam, Sorry, I have not been able to get back to you and Ian sooner but MeaganRead more

Anonymous

On January 28, 2015

Ian, I am writing to express my appreciation for the services you and your firmRead more

Anonymous

On January 28, 2015

It was only a few short months ago that we first read through the testimonials oRead more