Hi,
I am thinking of using a buyers agent to source me property. He works on a no buy, no fee basis which is pretty good. Just wonder from others peoples experiences what is the going-rate for fees’s?
This chap is charging 5% of the 1st $18,000 and then 2.5% on the remaining balance. Done my sums, and well it turns out to be not a bad deal if he comes up with some good +ve properties.
Just wondering if these are like going rates? And if there is anything to look out for when using Buyer Agents?
Cheers
Rob
Hi Rob,
I think I know the same agaent he is in sunshine QLD. Allan his name I think.
This group told me the same figures as you are giving. I couldn’t find any other +ve flow buyers agent if anyone else know pls let us know.
Cheers
Amitthat rate quoted is the same as real estates charge commission in selling a property – it works out close to 3 % overall.
How rich and how busy are you that you are willing to pay 6 grand or more for a few hours work.
sorry to be so rough, but someone had to knock some sence into you.
I think it’s worth and satisfying doing the work yourself.
Well…I don’t have that much money to give away…afterall..if u look at papers closely enough, u will see some bargains…may be you guys are right but it’s not always few hour work. These agent some time come up with really good deal. Like recently there was a deal in NSW with 12% return and 11% below Valuation. How easy to find deals like that easily.
I am checking lot’s of other topic in last few weeks people writing they can’t find a single positive flow property then for these people these buyers agent are not bad.
Cheers
Amit
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