Buyer's Agent in Perth

Discussion in 'The Buying & Selling Process' started by zac101, 5th Jan, 2017.

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  1. zac101

    zac101 Well-Known Member

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    Hi guys and gals

    Totally new into property. I am looking for a BA for a friend. Also maybe somebody wants to shed some light on what a BA does, how much they charge and how it all works.

    Cheers.
     
    Colin Rice likes this.
  2. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    All REAs can act as BAs, some just specialise in only BA work.
    It really depends on what you're friend is looking for - if it's a new PPOR, an investment property, a development site etc etc as you can probably guess development sites might need a more niche skillset.
    Charging varies a lot - some are fixed fee, some are a percentage of the contract price. All should charge a deposit with the remainder due at settlement.
     
  3. Perthguy

    Perthguy Well-Known Member

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  4. zac101

    zac101 Well-Known Member

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    Thanks @Westminster , could you please recommend a BA for two/three unit development site, i.e R40/50/60 zone, somewhere near Lockridge or thereabouts?
     
  5. Colin Rice

    Colin Rice Well-Known Member

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    @zac101 a BA (Buyers Agent) will source an A grade (or should) property according to your brief, area and strategy etc. They can also help with an area and strategy if your are not sure.

    Typical fee is between 2-3% of purchase price and their are different service levels as well.

    I can PM you a couple of options if you like?
     
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  6. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    For more info on how it all works there is plenty of reading matter at www.rebaa.com.au
     
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  7. zac101

    zac101 Well-Known Member

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    Yes please. 2-3% sounds expensive though :)
     
  8. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Well they don't do it for free :)
    A good BA should be able to help you with negotiations and get a superior property which makes up for their fees.
     
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  9. zac101

    zac101 Well-Known Member

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    Lol @Westminster , never imagined they will do it for free. Yes it depends on the level of service one gets.
     
  10. Colin Rice

    Colin Rice Well-Known Member

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    It will seem cheap if you dont know exactly what you are doing and/or dont have the time and buy a dud or inferior property.

    You are also accessing their network and expertise as part of the 2-3%. This is where the gold is, the network and expertise alone can save you a packet in $$$ and headaches :)
     
  11. noejon

    noejon New Member

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    Hi guys, I am currently looking for some buyers agent in Perth. @Colin Rice, would you mind sharing some of your contacts?

    Thanks a lot.
     
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  12. Colin Rice

    Colin Rice Well-Known Member

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  13. Khash

    Khash Member

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    Hi Colin I know this is an old post but I am looking for a buyer agent for perth, by any chance would you be able to share your list with me if you still have it ? Thanks
     
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  14. Colin Rice

    Colin Rice Well-Known Member

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  15. Matthew Hughes

    Matthew Hughes Active Member

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    Hi @Khash and @noejon, just adding to this that PropertyChat also have their Service Provider Directory here under Forums if you're looking for specific service providers. I also commented a couple of days ago on another thread about using a Buyer's Agent versus DIY investment, I thought this thread had lots of good comments from a range of people which gave quite a bit of information about what the BA will do and what to look for/questions to ask etc if you're after more information etc.
     
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  16. gav3535

    gav3535 New Member

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    Hi @Colin Rice , can you pls PM me the details as well? Thanks.
     
  17. Colin Rice

    Colin Rice Well-Known Member

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    PM'd ya!
     
  18. 4theBoys

    4theBoys Member

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    Hi @Colin Rice , can you pls PM me the details as well? Thanks
     
  19. Colin Rice

    Colin Rice Well-Known Member

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    Done!
     
  20. Perthguy

    Perthguy Well-Known Member

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    You need to start charging a finders fee! ;)