About 30k too much
Agreed..........
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About 30k too much
I agree. If I was buying a $3m property and I could not inspect the properties myself, I would certainly want the best team that I could find to identify potential properties for me. If the BAs can negotiate a 1% discount off the property, the fee is covered right there.For those that do, for any living away, or earning serious money doing something else, who just don't have time, who want a particular result and decide they will get a better result with a custom service (even charged at 30k) Then if they are sure their BA will generate more than 30K in value then its a no brainer to use one.
Source 4 of this type of property a year $120k income, not bad. Easy to afford a lease on a BMW!
On ya bike then...
they are not looking in the $3m - $3.2m budget and nor were they quoted the fee mentioned in this thread.
A lot of people seem to have missed the response some days ago from James, the buyers agent in question. Here is the relevant bit:
This is exactly what I would perceive to be the case.the higher the price bracket, the fussier the clients and the more time-consuming the brief (and related parties that we deal with during the process).
Again this matches exactly my perception of the job, and the costs involved.Much like selling agents (whom, as a reminder, would be charging approx anywhere from $45K++ for selling a $3m property- a job that, it could be argued, often entails less work) buyers agents are acting on behalf of those who usually don't have the experience, skill, exposure or time to do the job themselves (or indeed may not want to!)
Yes, it is only the client who can really say what the value is to them.As Big Will has so aptly written, Value is something that is personal, some will value something higher than others and others will not value it. I don't believe criticising and naming an agency's fees on a public forum is very helpful unless you know the specifics of the brief and, even then, it's up to the individual to decide if the value is in the service being provided.
My two cents worth anyway...
I want to stress that they are not looking in the $3m - $3.2m budget and nor were they quoted the fee mentioned in this thread.