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... some BAs charge just under $20K (2.5%+gst). In saying that I would rather pay this amount of money to a good BA than to a REA (past experience .............)
I think if Nathan gives the 'nod's up' to people he does it as a favour, but please correct me if I am wrong with this.
Cheers
Kristine
Hiya
2 of my first investment properties were bought using Buyer's Agent; are they worth their money?
Answer: Absolutely! The returns were many multiples of their fee! (and almost half is tax deductible anyway!)
For me, it provides someone with experience to "hold" my hand, guide me and generally prod me gently into overcoming my "procrastination".
Will i use one again? Absolutely!
Hint: Propertunity is a gem!
How's that work, I thought their fee was added to the cost base of a property and only claimable if/when you sold
I may be speaking out of place, but Nathan is a buyers agent working for a licensed buyers agency.
Never tell them what your thinking.Yay and nay. Depends on the person, though through lack of practice I probably come across as arrogant and annoying. Mainly because i know they are lying to me and i feel a need to put them in their place.
This don't mean it's going to be cheaper, often the opposite.1. Find me a house before it hits the market
This is just bad negotiation skills, though at least your good enough to realise it aint working for ya.Im kinda hoping here that when a buyer agents puts in a bid on my behalf, the other agent knows its serious. Where as if i put in a bid myself, i seem to get agents either use my price as a benchmark and try to push others higher and just ignore me.
Ensure your BA is appropriately licensed, insured, experienced and preferably an investor themselves.
Bernard Madoff was too!!Either the person is a licenced Estate Agent, complete with registrations and insurances or they are scamming you.
If you go through life looking for cheap ways of doing things you will find there is always a dodgy person willing to help you, usually for a fee.
Highambitions,every time someone new comes too this site the same line up off BA spring into the slow-motion undramatic action,make up your own mind who you will use,just sit down and calmly and read their post,it's all a one way street with anyone working in Real Estate the same lines every time,the same as Banks that give foolish loans that have a small probabilty of blowing up,but at the end of the day you are the one left holding the can,noone else,so don't run in blind then look for someone to blame,read what" Kristine" has posted several times till it sinks in that is experience talking,btw it does not matter what happens to property prices over the next 6 months,what matters is what happens to prices overe the next 5-10 years,and not one person knows what will happen over that period..good luck willair..Hi All,
I am thinking of buying one or two investment properties in Sydney, As I am not from the area, I was pondering whether I should hire a buyers' agent or not. The fact that there are some dodgy/unethical buyers' agents out there (throughout Australia) is putting me on the back foot.
I have often read stories about buyers agents, where the client ends up making a bad purchase because the agent wasn't truly looking after the buyers' interest. I think you know what I mean............
What do you think about my thoughts, am I just being overly cynical and suspicious OR do you think there is some substance in my thinking ? What have been your experiences ?
I believe that if someone hires a genuine/ethical buyers' agent, who works strictly for the buyers' interests, puts in hard work to find right property at a good price for the buyer. If this happens, I think employing a buyers' agent is well worth it and thus a good expense.
So, do we have any good buyers' agents in Sydney, if you know about them, please provide recommendations.
If you don't wish to say something about someone in public, pls feel free to PM me.
Hope to hear from the experienced Sydney investment fraternity.
Thanks.
Highambitions