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Buying-agent support for managed or jointly owned property — Buying agent
Identify the proposed purchaser, the property or acquisition goal and your authority to give instructions. Explain the connection to managed or jointly owned property and the buying-agent tasks requested. Keep separate legal, valuation and financing responsibilities visible.
Service scope
Buying-agent advice for a defined acquisition commissioned by an identified person or organisation connected with managed or jointly owned property. The property, purchaser, representative mandate and agency task are established before advice or negotiations are undertaken.
What is normally included
- Establish the purchaser and acquisition brief
- Provide the agreed property search or acquisition advice
- Coordinate authorised agency steps and specialist handovers
What is not included
- No assumption that a manager can buy for all owners
- Assumed authority of a manager to purchase
- Binding advice on collective ownership
Typical tasks
- Establish the purchaser and acquisition brief
- Provide the agreed property search or acquisition advice
- Coordinate authorised agency steps and specialist handovers
- Document property-selection criteria and report how shortlisted options match them
- Record offer instructions and decisions made by the authorised purchaser
What to include in your brief
- Legal purchaser and authorised representative
- Acquisition purpose and property
- Agency scope and separate legal/finance advisers
- Target location, property requirements and acquisition timetable
- Agreed search budget and any existing agency appointments
Choosing the right professional
Choose an agent who identifies the actual purchaser and mandate before negotiating. Confirm which search, appraisal and coordination services the engagement includes.
Important considerations
- The representative may need additional authority before commitments can be made
- Unclear purchaser objectives can cause inappropriate searches or negotiations
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