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The Daily Telegraph recently listed the top 25 most powerful people in property. As you would expect there is a strong London slant and the usual suspects such as the Candy brothers, Lord Rogers and Prince Charles appear on it. Others include major land owners, property owners & television personalities. However, what I found surprising was that property buying agents have now made the list but even more surprising was they had taken not one but 3 positions.
So why have property buying agents become so influential in this established market place?
1. Value - they typically save in excess of 10% of the purchase price. Their fee, typically 2% of purchase price.
2. Knowledge - They know the market place - what has sold, what has not and why, vital in making the right decision and getting the best price.
3. Access - They will know all properties on market, off market with agents, and off-market/privately available as part of their own private property portfolio giving them direct access to vendors which always works to a buyers advantage.
4. Representation - Buyers have somebody on their side to represent and protect their interests. Remember, estate agents may appear friendly and very nice chaps but they are paid for by the seller, so quite rightly first represent the seller’s interests.
Therefore serious buyers realise that to gain priority knowledge, access to all property information and more importantly access to the best properties they need to appoint a buying agent.
The reality is that the service not only pays for itself financially through price savings and knowledge but also in time saved stopping unnecessary viewings and the stress & strain of having to manage the pre-exchange process liaising with solicitors and surveyors et al.
So that is why buying agents are becoming a major influence within the sector and for the discerning buyer, a vital service.
For more information how Elite property Search can help with your property purchase contact:
South West Office: Joe Nisbet tel: +44 (0) 1202 766566
Dorset property search and buying agents
Devon property search and buying agents
Wiltshire property search and buying agents
Somerset property search and buying agents
Central Office: Andrew Findley tel: +44 (0) 1865 479980
Oxfordshire property search and buying agents
Buckinghamshire property search and buying agents
Berkshire property search and buying agents
Gloucestershire property search and buying agents
South East Office: Tim Sharp tel: +44 (0) 1483 256775
Surrey property search and buying agents
Hampshire property search and buying agents
West Sussex property search and buying agents
East Sussex property search and buying agents