- carlinParticipant@carlinJoin Date: 2005Post Count: 211
Due to being time-poor, I'm thinking of using a buyers agent to purchase our next IP. Must be Adelaide-based.
Would love to hear any recommendations.
Also….how exactly do they charge? Is it a % of the purchase price? If so, how much? And are there other costs in using one?
I know that they can sometimes save you money, but of-course their fees need to be taken into account in doing the maths.
Finally, can you get them to help at different stages? eg: If we found the right place, could they come in an negotiate on our behalf? Or bid on our behalf?
CarlinJosh AthertonMember@josh-athertonJoin Date: 2011Post Count: 269
I only know 1 buyers agent in Adelaide who tried to help a client purchase a property from me last year. I’m not recommending him, infact I’m letting you know to not use him! Simon Swift was his name. I’m not one to bag people but I have no qualms doing it in this case. He caused nothing but trouble. Sorry I don’t know any good ones.
They usually charge you an amount to do all the work, not 100% sure about the cost but if you get a good one I’m sure it will be worth the cost. There’s some buyers agents on the forum which will be able to help more than me
Good luck! JoshigreenParticipant@igreenJoin Date: 2011Post Count: 14
I am from sydney and was intending of using a buyers agent. I called 3 of them and found
1) He was pushing me to buy one of his property listed by his Wife Xenia
2) The worst – Pushing me to buy an interest in a not yet constructed townhouse
3) Waterman and Waterman – he seemed genuine. However, he said it would take sometime to get the property I was looking in my budget 350 to 450K. Which I think was fair. I decided to fly to Adelaide and bought one in christies beach
I got the above 3 referrals by doing a search from this forum and somersoft
igreencarlinParticipant@carlinJoin Date: 2005Post Count: 211
Thanks for all responses so far.
What I don't get with using a buyers' agent is if their payment's based on what you pay for a place, where's the incentive for them to get it for a good price?
There's more incentive, with that charging system, to make you overpay.