Buyers agent for PPOR

Hi,I'm buying my first PPOR and am considering a buyers agent.what are people's thoughts on whether or not this is worth it?ive spoken to a few who charge around $11,000-15,000 for their service.
A few concerns I have:
One buyers agent I spoke to charges a percentage of the purchase price.this seems like a conflict of interest to me....what's the incentive for them to get you a lower price if it means loss of income for them.also I don't understand why you pay them more to purchase a house worthy say $600k compared to $500k;same amount of work I assume.

Another agent told me that if their are other buyers on their books looking for something similar,if they contacted the agent first they get priority over you for the properties.again seems like a system that could disadvantage me.

 

This bit is normal. Ethical buyers agents will only take on clients with different searches at the same time and the rest go on a waiting list.

Yea. I would not use one who used a percentage. Using a sliding scale or bracket for higher price ranges is normal though. As prices go higher, the requirements get a lot more specific. Eg there's a million 500k homes about, but only a few $3mil ones, so would take more of a search. Expectations are higher too.

Its quite unusual that a BA would be used for a ppor since there's so much personal preference / tastes involved. Especially for a first.

Is there something really unique or special you're looking for? Or just trying to delegate the process?

 

Hey Amber

What’s the reason behind using a BA to purchase an owner occ property? There’s nothing wrong with doing so - just trying to understand the rationale behind it.

Which city/state are you looking to purchase in?

Cheers

Jamie

 

Looking in Melbourne.its PPOR but only for a few years;ideally wanting something that will have good long term capital growth,will most likely rent it out in the future.so I guess my goals are multi faceted

 

I guess just wanting to make sure I buy a good property that will hold its value long term;don't want to buy something that not in an ideal area or doesn't have the features etc that will enable it to increase in value over the years.i tried to buy a place a couple of years back and got totally overwhelmed by the whole process;so maybe its peace of mind and also having someone to help guide me and assist in figuring some things out along the way