Forum Replies Created
- Originally posted by grossrealisation:
hi all
whats the difference between this and bird dogging.
teach meAs they told me bird dogger was a searcher
here to help
A buyers agent must be appropriately licensed (here in NSW anyway) to act on behalf of buyers. They must either hold a full RE licence or a restricted licence, which allows them to work for buyers only. A truly independent BA works exclusively for buyers and is not involved in the selling of any property. The term “bird dogger” refers to someone who sources property for you, usually a friend (or a friend of a friend) but they cannot legally “charge” for their services. If they are receiving an income, then they need to be registered and licensed accordingly.
My suggestions would be, when researching someone to source a property for you, to ask the following of them:
Are you appropriately licensed?
What is your track record?
Do you act EXCLUSIVELY for buyers? (ie no selling or affiliation/referrals with REA’s)
Do you have any testimonials?
Have you invested in property yourself?
What reports/data do you use to aid in your research?
Do you charge a fixed fee or a percentage of purchase price?
(fixed fee is preferable as why should they receive more money for a higher price?)
Why should I choose you over Company X?
Are you a member of REI?
How long is your agreement for with me?
(contract of engagement)Spend some time on finding a BA that you really TRUST, as this is the key. They should be working on finding your property with the same zeal that you ideally would.
And check their passion level. The truly good ones are excited about what they do and get a genuine buzz out of helping property owners to find their dream!
Good luck!Cheers,
Pro-ActiveThat’s 9.35% inclusive of GST. Pretty high, in my books. Shop around for a better fee- between 6.5-8% is more of a standard in Brisbane.
Cheers,
Pro-ActiveI’m happy to recommend http://www.propertyresearchers.net.au as a company of good standing. Speak to Scott McGeever, the managing director (07 3368 1604) who is a licensed BA as well as a valuer. He also operates on the Sunshine Coast.
Hiring a BA is a smart move, especially if you’re time poor and investing/buying interstate.Cheers,
Pro-ActiveI would recommend Simon- I’ve heard good stuff about him!
Check out this site for more information on the regulations regarding buying property in Australia if you’re an expat or overseas.
Cheers,
Pro-ActiveThe article you saw about Peter’s landbanking would have been in the latest issue of API magazine. There was also a post on SS about it
have a look here:http://www.somersoft.com/forums/showthread.php?t=21137&highlight=landbanking
Cheers,
Pro-Activehttp://www.residex.com.au outlines past median prices, capital growth figures and overall returns in their Quarterly Residential Property reports.
For suburb info, try Domain (as mentioned) and realestate.com.au as well.
Cheers
Pro-Active
