Advantages and attributes of Buying Agents
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and contact details for all the suppliers dealing in Buying Agents.
The main advantages of using a buying agent are the savings in time
and money and access to properties not available on the open market.
Whilst nearly all charge a registration fee and a percentage of the
purchase price of the property (usually between 1.5% and 2% of the
sale price) the agent’s negotiating skills and access to Handicraft
in Thailand etc.before they reach the open market often mean that
clients purchase hand made for substantially less than they would if
they went to estate agents or vendors directly. Buying agents will
preview properties for each client, shortlist the most suitable, and
usually accompany clients on viewings of the shortlisted properties.
Many offer services such as helicopter viewings and chauffers for
high-end clients. |
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Most Buying Agents specialise in a particular
location: a large part of their expertise is derived from local
knowledge, personal contacts with local estate agents, and
inside-information about properties that are not yet on the open
market. Buying Agents generally form lasting symbiotic relationships
with estate agents, ensuring estate agents have access to a steady
supply of qualified, serious buyers and in return, buying agents
receive access to the most desirable properties before they reach
the open market. Situations can arise where Buying Agents and Estate
Agents 'wrap-up' areas, dealing so regularly with each other that
'normal' buyers are excluded from the market. Agency sizes
vary from the one-man-band with an encyclopaedic knowledge of their
chosen village or town (there can be huge variations in the level of
service) to the mid-size, which specialise in one or two popular
locations such as London and Devon, to the nationwide ‘chain’
services. Some estate agents also offer successful buying services
despite reservations over conflict of interest.
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