Buyers Agent

What is a buyer's agent? 

A buyer's agent is a real estate professional who helps individuals looking to buy a home, assisting them in finding suitable properties, negotiating with sellers, and navigating the entire home-buying process. The buyer's agent aims to protect the buyer's interests and ensure they make informed decisions throughout the transaction. 

How much are buyers' agent fees? 

The cost of buyer’s agents can vary depending on numerous factors such as where you’re located and the pricing structure you choose. 

Commission 

The most common structure is calculated using a percentage of the property price. This typically ranges anywhere from 1-3%. For a $1 million property, this translates to a commission of $10,000-$30,000. 

Tiered fixed fee

In this fee structure, a buyer's agent applies a fixed charge that fluctuates based on the tier or price range to which the property falls under.

Fixed fee 

With a fixed fee, you simply provide a set payment to your buyer's agent, and it's not linked to the eventual purchase price of the property. This flat fee can range from a few thousand dollars to tens of thousands, especially for luxury homes 

What is the difference between a real estate agent and a buyer’s agent? 

A real estate agent typically refers to a professional who is working for the seller (vendor) to achieve the best sale. A buyer’s agent however, works for the buyer. Quite simply, the difference is the client that these agents work for.