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Updated over 6 years ago on . Most recent reply
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What is your opinion on buyers agents?
I live in New Zealand in a city with very expensive housing, so I have started to invest out of town in a cheaper city.
I have a couple of doors and want to acquire more but am finding it very hard to find deals.
I have been talking to a buyers agent in the city I'm looking in, and it seems like it could be a real good way of being able to thoroughly look into a market that I don't know as well as my own. They seem to have plenty of connections to both on and off market deals.
Is this just another name for a turnkey? Everyone talks about having a great agent on your team, especially when buying long distance, but do they mean buyers agent? Ie, the buyer paying the agent?
They charge approximately 4.5% per purchase, which isn't huge, but isn't insignificant. Then again, if they find deals that I couldn't and they are more than 4.5% cheaper, then it must be worth it right?
What is the general consensus here?
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