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hi from brisbane

Discussion in 'Introductions' started by boganfromlogan, 10th Jan, 2017.

  1. boganfromlogan

    boganfromlogan Member

    Joined:
    10th Jan, 2017
    Posts:
    19
    Location:
    Brisbane
    Hi there, just joined and hoping to gain some insight into investing in property. Have dabbled to date. Initial question ....... what is the advantage of a buyers agent, and how much do they cost?
     
  2. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,279
    Location:
    Canberra and Sydney
    Welcome :)

    Nice user name :D

    Plenty of posts on the pros of using a BA - most that I know of charge a flat fee (anywhere between $6k to $10k) but some charge a percentage of the purchase price. Perhaps look for a recommendation for one in the area you're looking to invest and then ask them about their fee structure.

    Cheers

    Jamie
     
    Ross Forrester and KayTea like this.
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,247
    Location:
    Gold Coast
    Hiya

    What region are you looking for the BA to source for you in ?

    ta
    rolf
     
  4. KayTea

    KayTea Well-Known Member

    Joined:
    10th Aug, 2015
    Posts:
    376
    Location:
    Brisbane
    Advantages (IMHO) -

    (1) They focus on 'the numbers', and take all the emotion out of buying
    (2) They are likely to have access to research resources that the average buyer is not likely to have
    (3) Some real estate agents have great relationships with BAs, and will let them know of properties hitting the market, before the general public gets a chance to see/buy
    (4) They can use their experience and expertise in negotiating
    (5) They do all the work - with both the IPs my BA purchased for me, I got a phone call saying "I've found your property", and then they passed on all the details. I could have turned the properties down, but had no need, as they ticked all the boxes.
    (6) Great for interstate purchases - the laws/conditions etc can be different in each state, so having someone who knows what they are doing can really help

    For the money I paid, I think I'd use my BA every time - she saved me soooooo much time, and I couldn't put a price on the value of her knowledge.