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Risk warnings and important information
None of the content above should be considered to constitute investment advice. Individuals’ objectives and circumstances vary and as such appropriate investments for one may not be appropriate investments for all.
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Best Buying Agent London

Best buying agent London  

Also referred to as property search agents or relocation agents, a buying agent acts on behalf of a buyer, and not the seller. Much more prevalent in the United States, around 1% of UK property acquisitions use a buying agents.

A buying agent represents the buyer’s interests and undertake negotiations on their behalf to secure a property for the best possible price.

Buying agent – what services?

A buying agent should be finding property and making sure that the properties they show their clients are suitable, in both quality and value. A good buying agent should always accompany their clients on a property visit and, through their substantial contacts, have access to off-market properties too.

Buying agent – other services

A buying agent should also provide the other services required when purchasing a property – lawyers, surveyors, electricians, plumbers etc. – to ensure the smooth running of the purchase. If a buying agent is unable to secure these additional services, they must advise their clients accordingly, with no direction towards their own fee.

Buying agent – the fees

A good buying agent will follow the process through to completion – when their fee is due, which is usually from 1% to 2.5% of the purchase price. Most buying agents work on a retained basis, with fees of £500 to £2,500 the norm. A buying agent’s contract is usually between three and nine months.

Buying agent – relationship with estate agents

A buying agent may collude with estate agents to ‘wrap up’ an area and force out ‘normal buyers, but most form positive relationships. This ensures that estate agents have a steady supply of serious buyers and a buying agent will receive access to the most desirable properties, before they reach the open market. Purchasing a property is one of the biggest commitments you’ll ever so careful consideration is crucial.

Ask our experts at Compare The Financial Markets and use our bespoke property search below to find the right home, or investment, for you.

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