What are the advantages of using a buying advisor?
Using a buying advisor allows you to save time, reduce stress, and have a professional acting in the market solely on your behalf. We have access to a wide range of on and off market properties, and will preview them on your behalf to ensure you don’t waste time seeing properties that don’t fit your requirements. Using a buying advisor also allows you to have a professional negotiating on your behalf, aided by relevant market knowledge and experience.
In many cases a buying advisor can also save you money through having the relevant market information and knowing what pitfalls to look for, allowing you to be in the strongest negotiating position.
Why don’t I just use an estate agent?
Estate agents act for and are paid by sellers of property. Selling agents have no contractual obligation with a prospective purchaser and are essentially motivated to get the best price for their client (the seller). This is a direct conflict to what most buyers are trying to achieve.
A buying advisor will act on your behalf to secure you the best deal available, providing market insight and relevant comparable data where appropriate. Those who use a buying advisor have the peace of mind that there is an accredited professional acting independently and objectively on their behalf.
Do you market and sell property?
No. Our view is that those who actively market property and act for buyers simultaneously have a clear conflict of interest. Potentially an advisor who does both, could recommend a property they are marketing to a buying client, and that property may not objectively be the most appropriate for that purchaser.
We do offer a managed sale process whereby we will screen and select a sales agent on your behalf as well as represent you throughout the process. As part of this process you would be liable to pay our fee and the sales agent fee on completion.
One of our core values is complete transparency.
Will I see ‘off market’ properties?
Through our relationships with local estate agents, developers and owners, we have access to a number of off market opportunities.
‘Off market’ essentially means the property has yet to be openly marketed. The benefit of this is limited competition and the opportunity to secure a favourable deal. It goes without saying, all appropriate off and on market properties are considered in any search.
How much do you charge?
We have a unique approach whereby we look to agree a fixed fee upfront with all our clients. This is based on a percentage of the budget and will remain fixed irrespective of the final purchase price. We feel this emphasises our independence throughout the process and provides clarity on costs.
We do charge a non-refundable registration fee to cover administration costs and strategy development resource. Rest assured we will only charge this as we commence the search process after we have agreed a strategy and process, unlike others who charge for an initial conversation. Our view is that this demonstrates fairness and value to our clients.
Our terms of engagement provide a plain English approach to how you will be charged.
If I don’t end up purchasing a property, will I still be charged?
Only the non-refundable registration fee.
If a transaction does not occur due to reasons out of your control e.g. a vendor pulls out, we will continue to work to find the appropriate property.
What makes Allen Wargent different?
We have extensive experience acting for property owners. We fix our fees once agreed. We don’t take commissions from anyone else. We are personally active investors in markets such as London, Sydney, and elsewhere in the UK and Australia. We walk the talk.
How much time will I save?
From starting your search to getting the keys on average will take about 3 months. If you spend an hour every working day over that period focused on your property purchase, essentially that’s 60 hours of your time. A quick internet search will tell you the average figure is more like 70 hours per purchase. If you run your own business and you charge your clients $250 per hour for your time, that’s $17,500 of potential lost income.
Do you handle funds for clients?
No. Unfortunately we are unable to handle funds for our clients due to necessary regulatory requirements.