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Buyers Agent

Discussion in 'General Property Chat' started by buckleysg, 5th Aug, 2016.

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  1. buckleysg

    buckleysg Member

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    8th Nov, 2015
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    Location:
    Melbourne
    Hi all,

    A very newbie here. I was tossing around the idea of a buyer's agent. I have read a lot of posts on this forum, but still doubt my abilities. I was thinking how a buyer's agent could assist me.

    I was interested in other people's experiences, particularly as many have talked about getting the right people around them.

    What do they generally charge?
    Have people actually saved money by using a BA's services.
    Can anyone recommend one?

    Thanks
     
  2. buckleysg

    buckleysg Member

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    Location:
    Melbourne
    Sorry meant say Melbourne - North or north west
     
  3. D.T.

    D.T. Adelaide Property Manager Business Member

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    I think that's @JacM territory, worth having a chat with her to see if/how she can help you out.
     
  4. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    Location:
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    @JacM is very active in the Outer West.

    It's hard to quantify how much a BA will save you but...

    ...On a recent deal, Jacqui (@JacM) negotiated the price with the vendor, then on the basis of the building and pest, she negotiated a further discount that more than paid for her fee. I've spend a day shopping with Jacqui myself and I can assure you she factored in and defects into the original offer. We have a very happy mutual client. :)

    If you're looking in the Outer East to South East (also a very hot location), I recommend @Lisa Parker- Buyers Agent .
     
    EN710 likes this.
  5. buckleysg

    buckleysg Member

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    Thank you Peter
     
  6. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

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    If you are just starting out a good BA can save you from buying a sub par property so worth it IMO.

    What do they generally charge?

    Commissions range from 2-3% of the purchase price, for WA anyway. An activation fee may be payable as well.

    Have people actually saved money by using a BA's services.


    Its more about getting access to a property first before the general market get a look in once listed. Im settling on a property next Wednesday that is a retain and build at rear that was purchased and sourced via a BA.

    Can anyone recommend one?


    I can recommend a few WA based ones I have worked with for clients.
     
  7. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    @JacM is awesome - just read her posts and you'll see why.

    Cheers

    Jamie
     
  8. LouiseJ

    LouiseJ Member

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    24th Oct, 2016
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    Location:
    Bexley North Sydney
    I've just gotten quotes from about 8 in the Sydney region as I'm about to buy my first house and am choosing who to use. They range from about $9K to $23K for a ~$1M property for the locate, evaluate and negotiate service. There does seem to be a massive difference in the detail of what they offer although it all looks the same if you skim the glossy websites. The main differences I've noticed from speaking with them all is how they locate the properties (the more expensive ones seem to close more deals which are off market as a percentage of their work - maybe they invest more in agent relationships), second is the amount of DD into the properties with the cheapest options providing what looks like an RP data report you can easily get yourself and the most expensive basically becoming private investigators, walking the streets taking sound readings, door knocking and interviewing neighbours, talking to local police etc. Its a super hard decision since its a lot of money to hand over upfront when you're scrimping a deposit but take the time to chat through how they go about their service before making a decision just on price.
     
    EastOrWest likes this.
  9. KateAshmor

    KateAshmor Victorian conveyancing lawyer Business Member

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  10. Xie

    Xie Well-Known Member

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    Victoria
    Hi Buckleys, it's not so long ago I was where you are now. I wanted assistance to break the analysis paralysis but I didn't want to pay for all services so I worked with Cate Bakos. I can't recommend her highly enough she knows the Melb market and is not only highly professional but also looks out for her clients. She can offer a mentoring program and so I am now confident to purchase on my own. PM me is you want more info or just read my posts.
     
  11. Jacque

    Jacque Buyers Agent and Bookworm, Sydney Business Member

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    Make sure you check out the REBAA members, of which I'm happy to say Cate Bakos is a well known and respected member for Melb. www.rebaa.com.au
    Best of luck.