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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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  • Wise Real Estate Advice

    Wise Real Estate Advice
    Reviewed from Google

    5 out of 5 stars

    Ken Stewart
    Ken Stewart

    5 out of 5 stars

    posted 2 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.

    Ainsley O'Sullivan
    Ainsley O'Sullivan

    5 out of 5 stars

    posted 1 month ago

    Richard and I worked with Mark over a few weeks to secure an amazing property in Brunswick West in a very competitive market. Without Marks' expertise in Real Estate of the area, we would have struggled to buy in such a short time frame. Mark was also excellent at communicating with us. We spoke many times a day to get the deal done. Money well spent when our time was limited. Thanks again to you Mark.