Who's who in the Zoo?

An overview of the people involved in real estate.

Buying - The Buyers' Team

• Purchaser/Buyer
• Buyers Agent
• Conveyancer/ Lawyer
• Finance Broker

What the people on the Buyers' Team Do

• Purchaser/ Buyer - Person buying the home.

• Buyer's Agent -  person helping buyer source & negotiate sale.

• Conveyancer/ Lawyer - person acting for buyer in legal capacity.

• Finance Broker - person sourcing and completing application for money for buyer.

Selling / The Selling Team

• Vendor/Seller
• Selling Agent
• Conveyancer/ Lawyer
• Finance Broker

What the people on the Selling Team Do

• Vendor/ Seller: Person who owns or is selling the home.

• Selling Agent: person selling the home for the Vendor.

• Conveyancer/ Lawyer: person acting for Vendor in legal capacity.

• Finance Broker:  person sourcing and providing finance for transition to your new home.

• Property Manager: Manages the tenancy and property leasing on behalf of the owner.

The Independent's

People that assist both sides in the transaction:

• Pest and Building Inspector - the person/ company that prepares the building and pest report for the property.

• Strata Inspector - the person/ company that prepares the inspection of records and report for the strata / community scheme.

• Surveyor - the person/ company that inspects the boundaries of the property and defines the block of land / allotment for the property.

• Strata Manager - the person that manages the strata fund and repairs of common areas on behalf of the owners within the complex (units/ townhouses/ villas and apartments).

• Tenant - the person/ people living in the property that pay the owner to reside there.

• Property Valuer - the person/ company employed by the bank to determine the value of the property in relation to the loan/ finance application submitted by the buyer.

For more information

Click here to book a virtual advice session or an in person 'pop in'

Click Here