Property Acquisition Key Facts
An Agent who works to acquire properties on behalf of a potential purchaser is also known as a Buyer's Agent.
A buyer engages the Agent to assist them with a property acquisition under a "Buyers Agency Agreement". This is a contract between you and the Agent and the Agreement details the terms and conditions of the services being provided by the Agent.
The key services offered by a Buyer's Agent include understanding your acquisition requirements and researching and sourcing properties that match these requirements. This involves carrying out a thorough process of due diligence on sites along with relevant stakeholder engagement for example local councils, planning consultants, surveyors and any other relevant parties. Seller engagement including negotiation with the owner directly or their representative on your behalf is also a key aspect of the service provided.
For purchasers who have already found a property or site that they are interested in purchasing, a Buyer's Agent will act to assist in the negotiation to ensure that the best price and terms are achieved.
How can Create assist with Property Acquisiton?
Create has assisted both developers and property owners with property acquisitions.
On the development side, developers may approach us with an area or suburb that they wish to acquire property within. They will provide us with their acquisition guidelines for price and term and Create will undertake detailed research and due diligence to provide opportunities that may suit these requirements. Sometimes, a developer will provide specific details of a property or properties (usually adjoining each other) that they wish to purchase. Create's knowledge of the transaction process, expert relationship management and negotiation skills allows us to engage either directly with the seller or the seller's Agent to secure the site based on the developer's requirements.
Create has also assisted a number of owners of englobo properties with not only the sale of their englobo land but with the acquisition of their future home and investment properties. When an acreage owner sells their property, they need to turn their attention to their relocation requirements. As part of our englobo selling process, Create supports our clients with researching and sourcing areas and properties that suit their needs as well as assisting them with acquiring the site including engaging with the seller's Agent, guiding our clients through the exchange and cooling off period, arranging building and pest inspections and managing them through the settlement period.
