Daily Bulletin

Real Estate

  • Written by Mark Ribarsky, Founder of Vendor Advocate Melb

Real estate agents handle the sale of a property.

Buyer’s agents represent buyers and help them find the right property at the right price.

Solicitors, valuers, building inspectors and mortgage brokers are other vital parts of the property transaction process.

Recently Vendor Advocates have joined the ranks, and sellers are relying on them more and more when taking their property to the market.

So, what does a Vendor Advocate actually do and do you need one?

Your personal representative

Buying and selling property are major life events which shouldn’t be undertaken lightly. There’s a lot of money at stake, and many things to consider along the way. It can be very stressful and it’s easy to feel overwhelmed by the whole process.

A vendor advocate is a property professional who will represent you as a seller. Before you put your house on the market, they will identify your needs and find you the right real esate agent to suit your goals. They will usually come back to you with a shortlist of agents so that you can make the final choice.

They will also review the agent’s marketing plan, negotiate the commission and make sure the agent will do everything they say they will.

They will help you answer questions like:

  • Should I go to auction?

  • Is my asking price right for the market?

  • What incentives can I supply to entice buyers?

  • Do I need a video tour of the property?

They’ll answer a whole lot more questions, and give you advice on how to achieve the best outcome when selling your property. They’ll also keep an eye on the agent, making sure they are not taking advantage of you and ensuring that they are working in your best interest. They’ll check up with you regularly and re-evaluate your strategy as needed.

How much does a Vendor Advocate charge?

You won’t believe this, but most Vendor Advocate are FREE!

The vendor advocate prepares the property for sale and does all the ground work prior to handing it over to a real estate agent. The advocate handles all the paperwork and communication with the seller, so the real estate agent’s job is much easier. The real estate agent then gives part of their commission to the vendor for making their life easier.

So, you don’t have to pay them. The Vendor Advocate takes their fee from the real estate agents commission so you don’t have to worry about any extra costs.

Aren’t they basically the same thing?

Although most Vendor Advocates are licensed real estate agents, they do not replace the actual selling agent.

The Vendor Advocate is your personal representative, and works in your best interest, not the real estate agent’s. They make their money from the real estate agent, so it is in their best interest to help you get the best outcome from your property.

You can be sure that the advice a Vendor advocate gives you is independent and best suited to your goals and needs.

Whether you hire one or not is up to you. A good Vendor Advocate will save you time, money and a lot of hassle. Think of them as your personal assistant for the entire selling process – free of charge!

Be mindful of who you choose

Not all Vendor Advocates will be the right fit for you. Before deciding to hire one, ensure that they are qualified and reliable. Ask lots of questions and request information about their experience in helping people sell homes. Ask for references and check with some of their previous clients about their experience.

By Mark Ribarsky, Founder of Vendor Advocate Melb.

Writers Wanted

Of all the places that have seen off a second coronavirus wave, only Vietnam and Hong Kong have done as well as Victorians


Mould and damp health costs are about 3 times those of sugary drinks. We need a healthy housing agenda


How To Spot On A Good Online Gaming Website


The Conversation


Prime Minister Interview with Kieran Gilbert, Sky News

KIERAN GILBERT: Kieran Gilbert here with you and the Prime Minister joins me. Prime Minister, thanks so much for your time.  PRIME MINISTER: G'day Kieran.  GILBERT: An assumption a vaccine is ...

Daily Bulletin - avatar Daily Bulletin

Did BLM Really Change the US Police Work?

The Black Lives Matter (BLM) movement has proven that the power of the state rests in the hands of the people it governs. Following the death of 46-year-old black American George Floyd in a case of ...

a Guest Writer - avatar a Guest Writer

Scott Morrison: the right man at the right time

Australia is not at war with another nation or ideology in August 2020 but the nation is in conflict. There are serious threats from China and there are many challenges flowing from the pandemic tha...

Greg Rogers - avatar Greg Rogers

Business News

Guide to Shipping Container Hire

If you are thinking of hiring a shipping container rather than purchasing one, there are many great reasons to do so. It is a more affordable option and when you are done using it for what you neede...

News Co - avatar News Co

Top 5 US Logistics Companies

Nothing is more annoying than having to deal with unreliable shipping companies for your fragile and important packages. Other than providing the best customer service, a logistics company also ne...

News Co - avatar News Co

Luke Lazarus Helps Turns Startups into Global Stalwarts

There are many positive aspects to globalization. It is no secret that those who have been impacted by globalization tend to enjoy a higher standard of living in general. One factor that has led to ...

Emma Davidson - avatar Emma Davidson

News Co Media Group

Content & Technology Connecting Global Audiences

More Information - Less Opinion