In the search for your dream home, there are numerous factors to consider. One such consideration is hiring a buying agent. But what exactly are the costs associated with hiring a buying agent? And how do they set their prices?
In this blog, we dive deeper into the world of buying agent fees and find out what to expect when using buying agents in your search for a new home.
What to expect.
Purchase brokers usually work with a flat rate or percentage of the purchase price, known as a “brokerage fee. These rates can vary, but in general the cost is between €2500 and €7500. By knowing these guidelines, you can get a better idea of what to expect.
When hiring a buying agent, it is essential to seek transparency. Ask for a clear quote that specifies costs and associated services. That way you won’t have any surprises and can make an informed decision.
The amount of a real estate agent’s brokerage fee depends on cases:
- The price range in which you are looking (the more expensive the home, the greater the responsibility and liability of the buying agent and the more expensive the fee)
- Either you want the buying agent to go with you every viewing or you want the first viewing to go to a property by yourself first.
- Whether the broker provides only part of the service. For example, just helping you make the deal on a home you have already found(targeted buying assistance) or whether you just want a full service buying agent.
- The knowledge, experience and skills of the buying agent. In other words, how good is he/she. There are bargain-priced buying agents for €2500 but (beware) often cheap; expensive.
This is approximately what a buying agent costs:
- Targeted purchase assistance: €3000.
- Rate for starters: €4500.
- Rate for homes from 5 to 7 tons: €6000.
- Rate for homes over 6 tons: €7500.
These are guide prices and these prices are based on an estimate based on market experience.
So now you know approximately how much a buying agent costs. So, if you are about to hire a buying agent, ask for a clear quote that specifies costs and services. Take the time to compare several buying agents and make an informed decision that fits your needs and budget. That way, you can take the next steps toward your dream home with confidence.
Do you have questions about the cost of a buying agent or are you looking for professional advice? If so, please feel free to contact us. We are ready to help you in your search for a new home.