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How Much Does A Buyers Advocate Cost

A buyer’s agent can help you secure a better property, a better price, or both, provided you engage the right one. Like all industry’s, fees for hiring professional services (buyers agents) can vary depending on the agents experience and the level of service you choose.

Many buyer’s agents have two main fee structures, fixed fees or a percentage of the purchase price.

Percentage Of Purchase Price

This fee structure can create an incentive to over spend on budget. As a general guide buyer’s agents full service fees work out to typically be 1.5% of the purchase price. Remember you’re paying an exclusive buyer’s agent to search specifically for you and to be completely independent and impartial, putting in place a pay to spend more structure can work against the buyer.

Agreed Fixed Fee

A set or fixed fee removes the risk of creating a ‘pay to spend more structure.’ For example if you’re looking at spending $700K they may fix the fee regardless of whether the property costs $700K or $800K.

Some other simple points to look out for

  • No fees should be payable until you buy a property.
  • The fee should only be paid two weeks after the sale.
  • Signing fees should be no more than $1000.

More information on buyer’s agent fees.

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    Ken Stewart
    Ken Stewart

    5 out of 5 stars

    posted 3 months ago

    Mark was personally recommended to me as someone who could be of real help in appraising my property of interest and subsequently representing me at auction.
    He made time to meet for an initial chat over coffee. I was immediately impressed and relaxed with his easy and honest nature, as well as his willingness to listen to my needs.
    A genuinely nice bloke... well experienced in the RE scene, totally committed to helping his clients.... all in all, a very worthwhile experience.

    Joshua Peska
    Joshua Peska

    5 out of 5 stars

    posted 2 weeks ago

    Great service and excellent communication. He always offered relevant and helpful advice. I personally recommend anyone looking for property advice and services to contact Wise Real Estate Advice.