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Anyone Use Negotiator/ Buying Agent to Buy a Property?

  • 17-01-2014 06:21PM
    #1
    oiskpoisk
    Registered Users, Registered Users 2 Posts: 6 ✭


    Hi,

    I have come across a business that can be used to help negotiate the price of purchasing a property. Its the first I've heard of it.

    I am thinking of buying a 2 bed apartment in Dublin city and wondering if I should use them to avoid estate agents trying to get me to buy over the odds by saying there is bidder at a higher price etc.
    Really don't want to pay over the odds unnecessarily for a place or get caught out by ghost bidders!

    Just wondering has anyone ever used that service before?
    is it worth it at 0.5% of the sales price?

    Use a Negotiator for Buying a property? 2 votes

    Yes
    0% 0 votes
    No
    0% 0 votes
    Unsure
    100% 2 votes
    Tagged:


Comments

  • #2
    FrClintPower
    Registered Users, Registered Users 2 Posts: 784 ✭✭✭FrClintPower


    oiskpoisk wrote: »
    Hi,

    I have come across a business that can be used to help negotiate the price of purchasing a property. Its the first I've heard of it.

    I am thinking of buying a 2 bed apartment in Dublin city and wondering if I should use them to avoid estate agents trying to get me to buy over the odds by saying there is bidder at a higher price etc.
    Really don't want to pay over the odds unnecessarily for a place or get caught out by ghost bidders!

    Just wondering has anyone ever used that service before?
    is it worth it at 0.5% of the sales price?

    I've no experience of this myself, but alarm bells are ringing regarding the final sentence. If the buying agent gets 0.5% of the sale price, their incentive is to increase the sale price and not to minimise it to your benefit.


  • #3
    Gloomtastic!
    Registered Users, Registered Users 2, Paid Member Posts: 9,237 ✭✭✭Gloomtastic!


    In the States both the seller and buyer have their own agents looking out for their clients' interests.
    Considering the price you will be paying and if you are inexperienced in negotiating with possible sharks then it may be worth it if they can get a sizeable discount off the asing price.


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