Tuesday, May 04, 2010

"This is money" article - Can a buying agent save you money?

Interesting article on This is Money which you can read here.

"If you are serious about moving it's hard to see the flaws"

I'm not sure that people still see buying agents as being just for the super-rich - thanks to Phil,  Kirsty and others that view seems to be a thing of the past.

If I was moving a long distance in the UK I would certainly use a buying agent, if I were buying a property in a different country with additional linguistic, legal and cultural barriers then it's clearly a "no brainer".

We may not have "super powers" but we certainly know our local market and you'll be safe in the knowledge that we are acting solely for you and not the seller.

One final thought on the idea mentioned of taking a fee as a percentage of the saving made (in this case 15%). 

Yesterday morning I sent a client a shortlist of houses I'm suggesting he visit when he comes out.

Top of the list is a house that is being marketed for €330,000.  His budget is €250,000 and I sent it to my client as I know that the owners would accept this. 

In the "buyers" market that currently exists I think it's far fairer to take a simple percentage of the purchase price.

Mind you, the client is always right so if anyone wants to work with me on this basis then I'm happy to hear from them!


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