What's your budget Peter - I'll give you a hand if you want to look Perth way - it's a lot nicer spending other people's money than one's own - but I still spend it as if it's my own.
Buyers Agents
- Thread starter D.T.
- Start date
What's your budget Peter - I'll give you a hand if you want to look Perth way - it's a lot nicer spending other people's money than one's own - but I still spend it as if it's my own.
Great....because of the following:
http://www.fairtrading.nsw.gov.au/f...d_managers/Rules_of_conduct/Buyers_agent.page
http://www.fairtrading.nsw.gov.au/f...d_managers/Rules_of_conduct/Buyers_agent.page
No, and I never want to be.
buyers agent - This is someone working for you and has your best interest at hand..
i have just started being a buyers agent after many years as a private investor and owning a successful realestate office plus managing other peoples investment. I have seen many people over the years pay way to much for real estate without consultanting there personal agent. Particularly one that works for you and you pay them a fee. its the same as would you operate on yourself no you would use a professional ... a lot of investors use various so go companies that say they will look after your interest, but in reality they are getting up to 30,000 commission when you buy, they will have rent guarantee etc why would they not offer that, they get a big lot of money from the builder when you first buy.. when they have a property valued they will tell you becuase you are from another state that the valuations will come in lower, what a load of rubbish, A valuer should never under value or over value a property because of where the buyer comes from . he can loose his license and be fined. With a buyers agent you can save thousands as long as they have the right tools and programms to do the research. and you pay them..
Overseas in some countries you have a vendor agent and buyers agent -
i have just started being a buyers agent after many years as a private investor and owning a successful realestate office plus managing other peoples investment. I have seen many people over the years pay way to much for real estate without consultanting there personal agent. Particularly one that works for you and you pay them a fee. its the same as would you operate on yourself no you would use a professional ... a lot of investors use various so go companies that say they will look after your interest, but in reality they are getting up to 30,000 commission when you buy, they will have rent guarantee etc why would they not offer that, they get a big lot of money from the builder when you first buy.. when they have a property valued they will tell you becuase you are from another state that the valuations will come in lower, what a load of rubbish, A valuer should never under value or over value a property because of where the buyer comes from . he can loose his license and be fined. With a buyers agent you can save thousands as long as they have the right tools and programms to do the research. and you pay them..
Overseas in some countries you have a vendor agent and buyers agent -
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Kudos to you Propertunity. You are the only BA here who (to me) seems convincing. That you have a personal track record of IP success speaks volumes. Clearly, the larger part of your net worth seems to have come from investing, not from commissions. Noteworthy indeed.
To all the other BA's out there.....please share your stories with us. Start with your best long-term client results and follow with your worst. Let is all hang out. If you are worth your salt, please prove it with a list of examples (preferably not cherry picked ones) of what you have achieved for your clients. The more verifiable (links, pics etc) the better.
Why would they bother? Why would they try and convince people who have already made up their mind and are jaded by bad experiences?
I spoke to a BA today who has 22 signed authorities, 13 owner occ and 9 investors, would suggest he is pretty busy trying to impress the people who have engaged his service rather than enter a kangaroo court that is this thread?
He would argue he has more than enough who believe in his service, why waste time trying to talk unknown internet posters around?
If you don't like them , don't use them , its pretty simple.
Some of us dislike seeing fellow investors ripped off.
Earlier yesterday, on this thread, I asked BAs to list their clients success stories. I wanted to see specific examples of nous. Although the silence is deafening, I will nevertheless keep an open mind.
Perhaps Propertunity can give us some relief? He seems to be the only BA here who has managed to amass a decent portfolio of his own. The rest - nice as they are - seem to be living off their commissions.
Sim
Administrator
This thread is starting to border on troll territory.
As Bigtone said ... why would they bother engaging with people who have already made up their mind and insist on demanding "proof" and jumping to respond to your every demand.
I personally know several buyers agents on this forum who have quite significant property portfolios of their own - one has just gone on holidays so won't be responding, and I wouldn't be surprised if the others read this thread, roll their eyes, and wisely choose not to engage with such open hostility.
Nobody on this forum needs to prove anything.
If you wish to engage the services if a buyers agent and as part of your selection process you choose to directly interrogate them as to their personal property portfolio and personal wealth ... then that is between you and them.
This forum is NOT the place to demand "proof" of anything and absence of such does not indicate anything as to the quality or integrity of services on offer by buyers agents out there.
I agree with Bigtone and Sim. Why would any buyer's agent enter such a "discussion" with such an aggressive tone of posting thus far, and a clear refusal to acknowledge they have a place in the purchase of property. I liken it to several years ago when agent bashing was the flavour of the month. I often stood up for the many decent agents I know and for my own (late) mother who was a highly respected and ethical agent. I should have ignored the jibes from those who may have had one or two bad experiences, but felt I couldn't let it go.
Now it seems to be the time for buyers' agents to cop the flack.
Like has been said, use them if you like, or not...
Now it seems to be the time for buyers' agents to cop the flack.
Like has been said, use them if you like, or not...
Sim
Administrator
Just to further clarify my point ... you are more than welcome to (reasonably) challenge anything a buyers agent says on the forum ... you are NOT welcome to challenge them personally and effectively accuse almost an entire industry of being crooks, which is what you have done.
I've used the football analogy plenty of times in the past on this forum, seems like it is time to trot it out again - "play the ball, not the man". Challenge what they say/do, not their personal integrity or personal attributes.
Totally incorrect.I have a open mind on this subject,besides props insight which has been most educational,there has been no other responses on case studies?Its the results i am interested in seeing.
With all due respect (don't you love that phrase?), it doesn't come across that way.
The voice of an open mind???
Now that is totally incorrect....
Geoff W (not a BA and certainly no property newbie) said this (post #16):
And, while this is not a case study (why should BAs be asked to divulge even the anonymous / sanitised stories of their achievements?) Jacque (who is a BA and also highly experienced investor) said this (post #42):
I won't say who it was - if they care to identify themselves that is up to them - but one BA on this forum who I have known for several years did tell me that most of their clients were out-of-towners who earned sizeable incomes (well into the 6 figures) and for whom spending the weekend (or a lot longer) / their spare time looking at open homes and researching deals was simply uneconomic for them (on a dollar per hour basis). These people (not fools it should be noted) were so pleased with the service provided that most of this BAs business was repeat business.
Why?
Are you considering using a BA?
And, in any event, who made you the Judge, Jury and Executioner?
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Correct me if i am wrong here,this is a information forum,correct?? I think it is anyway.If i was selling a service,i would share the results,be it good or bad,but we have had not many answers to general questions on this thread.Call me Skeptical...............but.
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Sim
Administrator
I sell a service. I don't discuss my clients or the projects I work on with the general public. I don't feel the need to justify myself to anyone ... my clients are happy with the work I do and they refer me to other people.
A buyers agent who doesn't do a good job won't last long - those who I've known personally have a satisfied client base who are very happy with the results they have received and will gladly refer them on to other people.
I don't think they feel the need to justify themselves to you in an online forum ... but I'm sure if you engaged them personally, they would be more than happy to share some details in a confidential manner.
This. Very much this.
I don't see why any professional would need to justify their profession or service just because someone demands it.
I've had a few chats with Propertunity over the past year or so, and I have no issue with referring clients with particular needs on to him. I get nothing from this - except that I know that he will look after my clients.
