ALEX GREAVES DISCUSSES THE GROWING DEMAND FROM CLIENTS LOOKING TO INSTRUCT A BUYING AGENT, TO ASSIST WITH THEIR RESIDENTIAL PROPERTY SEARCH & ACQUISITION (TIME & LEISURE MAGAZINE – FEB 2025)
WHAT IS A BUYING AGENT?
A Buying Agent can also be known as a ‘Search Agent’ or ‘Property Finder’ and they act for property buyers to source suitable homes, negotiate terms and guide a transaction through to successful completion. Most importantly, a Buying Agent will only ever represent the buyer, whereas estate agents always represent the seller and their best interests
WHO USES A BUYING AGENT?
Historically, Buying Agents were viewed as an ultra-exclusive service only available to the rich and famous, however the industry now caters for a wide range of budgets and buyer demographics. Examples include busy families, downsizers, first time buyers and people relocating to the UK from overseas. Our clients value specialist independent advice and support to help save them time and money, in what is often a stressful and time-consuming process.
WHAT KEY SERVICES DO THEY OFFER?
At Ridgestone Property we take full control of the property search process for our clients, which will include previewing homes, detailed pricing and condition analysis, tenacious negotiation of price and purchase terms, legal sales progression support, and where required referral to a trusted network of industry experts.
DO BUYING AGENTS ALSO HAVE ACCESS TO OFF-MARKET HOMES?
Yes absolutely, and this is also a fast-growing trend right now, and in some areas of London and the Home Counties, off-market sales account for over 50% of all transactions. We have exclusive access to these prized opportunities and have an unrivalled track-record of acquiring off-market homes for our clients.
HOW MUCH DO BUYING AGENTS COST?
Fees will usually involve a small upfront instruction fee with a set % of the purchase price due upon legal completion. At Ridgestone Property we offer the most competitive fees across the market, but we also offer an incentivised structure based on the discount saving that we achieve. In 2024 we saved our clients an average of 8.8% vs the property asking price
If you would like to have a confidential and no-obligation discussion with regards to your specific property requirements, then please do get in touch.
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