We ended up enlisting him as our buying agent after a couple of calls together. There are many reasons why using a property buying agent might be right for you. We talked to a few different agents (all of which were referenced on this website!) Once the independent property buying agent has found a property/properties which fit the criteria specified in the interview stage, the client will be shown around with the guidance of the agent. Indent agents or indenting agents (or firms) are alternative terms for buying agents. Currently we have no energy left and still no house. Thank goodness we listened to him. Still gamely trying to remain relevant in a digital world. Henry not only helps you find the house that you are looking for, but also helps you zero in on the area that you should be looking at. He was very patient and helped us through the entire process of selecting an area, identifying the right house and negotiating the best price. Got a conscience? . However good buying agents do not make any profit from the registration fee; the main purpose of the fee is to increase the likelihood that the client is sincerely committed to the purchase; in case they were not they would lose the registration fee after a certain length of time. Henry then came round to meet us because it felt hard to engage someone I had never heard of or met. We would be happy to deal with Henry again. Some agents charge a success fee based on the purchase price - this is a fixed percentage. I review those that we find, provide objective advice on each and discretion for people who would rather not have their private business paraded in public. On the way, you have also relieved us of a great deal of anxiety by your constantly optimistic approach during a process which has been in some ways unnecessarily protracted. In addition to this, he has advised on the best areas in London suitable to my needs – it worked really well as I was about to proceed with slightly different areas that did not satisfy all the parameters. This page was last edited on 29 May 2020, at 22:34. He made introductions to a wonderful solicitor and surveyor and oversaw the entire negotiation and exchange process, saving us considerably more than his fee, and ensuring it went smoothly. Having just exchanged contracts on a beautiful house in Chiswick just 46 days after instructing him, we can’t imagine going though this process again without Henry’s help and guidance. This does put you in a weaker position in the negotiations but it means that you will have access to properties that other buyers won't and if your buying agent is a skilled negotiator then you may not have to pay a premium. He was there to make sure things were in order and moving at a good pace once the offer was accepted. Home James Property Powered by WordPress. I’ve worked with Henry on a number of different projects in the real estate arena. Help to make your next move the smoothest and painless experience possible. The Property Buying Agent, that’s who. Once we engaged Henry he was with us every step of the way, even helping us pick neighbourhoods to target. Buying a property overseas is a time-consuming, energy-sapping experience. A good buying agent can remove the logistics and fieldwork and manage the full negotiation and completion on your behalf. Now, we will just sit tight for a year or so, in a rental, to recover, and when we have the energy back, hopefully we can deal with a seller that actually wants our business. On the other side some well known estate agencies also offer buying services despite reservations over conflict of interest. In case the buying agent sources a private deal then they charge up to the selling agent commission (for instance the full 5% in the. Some of the most mature thoughts on the UK and global property market. You will need Henry to avoid complete and utter insanity that is all I can say. He has a great personality, and it has been a pleasure to work with Henry. Henry never forgot the ‘must have’ list of things we’d given him……not least ‘room for table tennis’! As is often the case, it can be better to hire a professional who is more capable to listen and understand our needs even though his or her company does not entirely tick all the other boxes. He was always available on call or email, and would get back promptly on any queries or questions we had.  Indent agents or indenting agents (or firms) are alternative terms for buying agents. I suspect Henry’s strongest skill is zeroing in on each individual client’s needs and wants; often having to help them articulate what these are!! Buying Property Learn everything you want about Buying Property with the wikiHow Buying Property Category. He is clearly a well respected man in his field, and on top of all that, fun to be around. This solid foundation soon saw it grow organically from repeat business and referrals. One of the most important reasons for employing an estate agent is the fact that they liaise with the selling estate agents and give you advice. We would miss his sense of humour. I cannot recommend Henry highly enough. We would 100% recommend using Henry as a buying agent. I don’t know how anyone can buy a house without him. Your buying agent should get you to the front of the queue for the best properties. Would highly recommend! Once we had the house decided, he helped us negotiate a great deal, all the while explaining his process. The agent will point out the benefits of the property but also, crucially, will make the buyer aware of any faults related to the property, and any problems which may occur with it in the future. Not only did he find and secure a house that we simply wouldn’t have even known about without his involvement, but he was also a reassuringly constant and calm voice for both of us during the entire process. An indent is an order for goods under specified conditions of sale. or a £2.25m home outside Newbury (bought just after the ‘Brexit’ referendum for 10% less) my clients like to pay as little as possible. Henry is an absolute authority on the housing market, and we felt very safe in his hands. Once we found the one, where we’ve been for 6 months now, Henry really came into his own in sheltering us from the often fraught negotiations and the ‘will this/won’t this happen’ drama that invariably comes with many property transactions. These are some of the best that I recommend you consider. I called Henry and he talked about us, who we were, why we were here; what we might want in a house, in a neighbourhood. We got a great deal with his help, and so we were very happy with his services! As Hertfordshire's trusted and independent property buying agent, I will help you to secure your dream home and act on your behalf and your behalf alone. Henry and I spoke following that and his sound advice and guidance gave us the confidence to market our property and successfully sell in less than a month. I am a buying agent. These wise words not only saved us from making a costly mistake but calmed us through the intermittent episodes of panic that come when you think you’ll never find a home. There are varying terms for a buying agent which include: property consultant, property acquisition consultant, relocation agent and property finder. We hired Henry to help us find a flat in a specific area of London after unsuccessfully looking for almost 1 year ourselves… Henry listened to our requirements carefully and, rather quickly, managed to find the flat where we live now – matching nearly all our requirements and with a large discount on the asking price! Henry is always available to chat over the phone and has been available to help us even well after completion happened to deal with a few follow-up questions and for us to happily settle in. Zoopla says that it’s just 3.86% and figures published by Hometrack suggest that a average buyer pays 97% of the asking price. News and views for the 'haves' in the housing market. Not only did Henry lighten the work load and anxiety of buying a home, he made it a fun and rewarding experience and unlocked possibilities we simply would not have imagined in our own. So we found our neighbourhood; then Henry thrashed out the pros and cons of each individual house that he and we liked the look of. Buying agents are still estate agents in the. As this specific section within the property industry is still relatively new, in comparison to estate agents for example, the specific terms used are still debated in each country. Qualifications of a Buyer’s Agent The ideal person in today’s complex property environment should be fully conversant with strategies of real estate selling and buying. Research a street, village or town looking at crime, natural threats such as flooding and over-flights by planes. Add a mix dirty money, enormous hikes in stamp duty taxes, and, during recent years, a macro environment with Brexit on the horizon. My wife and I are getting ready to complete on a purchase we have made with Henry’s help. He is blunt, straightforward and very knowledgeable. We came to rely on his honest opinions and his extraordinary knowledge of the market: it is both wide and deep. But his advice, optimism and support was critical in helping us through what was quite a stressful process. Property buying agents: Would you spend £15K just to find a home? I recommend Henry’s buying service without reservation. It is very clear to us that without your help we should not have achieved our objective, since the property we purchased was not on the market and we had no access to it. Of course many people start off asking too much for their home and a third of sellers currently on the market have reduced their guide price at least once according to the website Zoopla.co.uk. Buying agents are still estate agents in the eyes of the law and as such each must sign up to a redress scheme. One of the UK's original property buying agents. Henry took the time to really understand our needs and educate us on the marketplace to give us a true picture of what was and wasn’t reasonable to expect for our budget and search area. We were very happy with his services and I wouldn’t think twice about working with him again. Liaise with solicitors, valuers, surveyors, architects, builders and contractors. Christopher Middleton reports. Its easy to be sceptical but his dispassionate advice, insight and stewardship have been invaluable to us during this process. Buying agents often claim that they can get a higher discount on the sales price than a private buyer could manage because they better know the prices at which similar properties have been recently exchanged in the market and they make use of good negotiating skills. He drove the purchase through smoothly, dealing with solicitors, surveyors and other inspectors. As time poor as I am, and with my main home remote from the area in which I was interested, without Henry’s involvement, this process could have taken years or, indeed, may never have happened. but ended up with Henry for a couple reasons: – Style really resonated with us He always gave constructive feedback on the properties we viewed. Almost as important to your success in moving will be a good lawyer and perhaps a competent mortgage broker. And very importantly he made the whole process such fun. Introduce the best mortgage brokers, accountants and wealth managers along with advisors, tradesmen & lawyers. If the buying agent or one of his staff, has any personal or business interest in the property, the buyer or seller, must be told as soon as possible in writing. While initially buying agents catered exclusively to wealthier demographics, lately, especially in more competitive markets like London or Paris, the entry-level has significantly dropped to properties valued at around £500,000 or €500,000 (see The Daily Telegraph,). I charge a retainer of £2,400 including VAT and then;- 25% of any saving achieved from the asking price OR 3% (2.5% plus VAT) of the purchase price OR a fixed, up front fee of £12,000 again including VAT. Who works for the buyer? Because of the different nature of buying agencies, prospect buyers are often advised to contact more than one company to compare and contrast their benefits. It took us 2 years in all to find our family home and throughout this period Henry was invaluable counsel in explaining that we need not rush or settle for second best at inflated prices. Working with Henry meant that we have undoubtedly ended up with the perfect house for our family, and the process to getting here was far less painful than it could have been without his help! It gave us tremendous peace of mind to have someone with his expertise telling us whether properties were correctly valued and working with him was a delight. Earlier this year, we were fortunate enough to be introduced to Henry and engaged him almost immediately and what a fantastic experience and happy to say a successful result. Your email address will not be published. You get the real deal with Henry. Buying Agents based in the Cotswolds. He also negotiated the deal and set us up with a great straight-shooting solicitor. A buyer’s agent generally offers two types of services: 1. The seller’s un-helpfulness eventually make us quit the process, even though Henry went to great length to sort them all out. Buying Guide Property Agent Selling Guide Tips & Advice In 2010, only 11% of HDB owners sold their flats without the help of a property agent. Among his qualities: knowing the market, and what constitutes fair value, in different parts of the country; knowing how to disabuse naive buyers of their (our) more stupid ideas; and patience and responsiveness, even when the flow of (our) idiotic questions became a torrent. We never had a sense that he had a service model box and we had to fit into it. Independent buying agents like to stress their autonomy from selling agencies who, depending on the country, either act on behalf of sellers or as mediators between the two parties (See The Independent,). I am very pleased that he has helped me with finding the house of my dreams and the overall deal execution process (end-to-end). I have relationships with the best local estate agents, having built up a highly regarded reputation over the last 15 years. The success fee is a percentage of the sale price. For this reason the buyer may rely on other advisors or their own judgment before taking an investment decision. This was our first time buying a home in the UK – and in London no less – and Henry did an excellent job of preparing us to be attractive buyers. I would thoroughly recommend Henry’s services. A mortgage broker and a top financial planner can make or break a deal and whilst there seem to be more than half that are ‘below average’ there are surprisingly few that I have had first hand experience of and can heartily recommend. The market was especially choppy and he helped us steal a great deal due to his patience, perseverance and insights into the UK housing market. Confusingly there are two but this is the one (along with it’s own ‘Buying Agency Code’ that I helped draft) that I have signed up to. In order to ensure the most efficient property viewing experience, most agents offer a chauffeur and sometimes even helicopter viewings to their high-end clients. Watch out for the terrible dad jokes though! Thanks Henry! Often they will also offer personal concierge services which can schedule all viewings, book hotels, transfers and other amenities for the client. Advise on areas, compare and contrast different places. He was always available to talk things through day or night in any time zone! This happens because the selling agent typically prefers splitting his commission with the buying agent rather than waiting longer to find another buyer and sell the same property. Learn about topics such as How to Write a Letter of Interest for a House, How to Buy Government Owned Tax Lien Homes, How to Determine Land Value, and more with our helpful step-by-step instructions with photos and videos. Thank you Henry. then here are 50+ other buying agents in London & across the country that you might consider before you make up your mind. As a seller, you are legally obliged to give enough information regarding the property … Luckily, I took the plunge and reached out to Henry to ask for his advice. My clients are adults who want to make informed decisions, not to be told what to do. His introductions to lawyers, surveyors and mortgage brokers made life easier. Finally, though our budget was certainly at the low end of what Henry typically deals with, at no point did we feel like we didn’t have his full attention. (Tip - for goodness sake don't read the comments!). In addition agents are typically able to connect the client with all necessary technical trades people who are required at different stages of the buying process such as lawyers, surveyors and other professionals. But he can also provide enthusiasm when you can’t supply much of your own; I needed that at the beginning, when my only requirement was to be in London, and didn’t know how to narrow my focus without missing things that would suit me. (Having a buying agent is a big help – sellers know immediately that you’ve got money for the right deal and are not playing games or kicking tires.). I met Henry a short while ago when he successfully negotiated on behalf of his clients who were hoping to buy in SW London. Henry’s website stood out with its informativeness, wit and personality. Thank you so much for your help! He helped us find our next beautiful home despite a tricky market. He listens with a very open mind and then gives his professional opinion. Britain was beginning the process of leaving the EU, facing an election and about to be engulfed in a world-wide pandemic and a lockdown. Most real estate agents will accompany you to all the viewings. A fully independent property consultant providing a bespoke buying and selling service for residential properties in Central London, Surrey, Hampshire and West Sussex Now more than ever in this changing world, I'm helping clients to find their perfect London or Country property, whether it's up or downsizing, providing a solution to the work life balance or finding a long term rental investment. His advice was brilliant, and whilst not always what we wanted to hear allowed us to assess the situation with our eyes wide open. Over the past decade, on average my clients paid £143,000 (11%) less! Our property buying agent proved to be an impressive negotiator with difficult agents and solicitors, and pulled us through the inevitable wobbles in the house-buying process with his calm but clear advice . Henry assisted me every step of the way. When positioning an offer on his client’s behalf, Henry’s diligence, preparation and sense of urgency was excellent, which made it easy and straightforward to negotiate with the sellers. More of us are using buying agents, at huge cost. No question of ours, no matter how inane, garbled or confused was met with anything apart from graciousness and a reply marked with unerring clarity and wisdom. Sourcing the best country houses, equestrian property, farms and small estates. For a brief period of time your buying agent will have a detailed and personal knowledge of your affairs so you must trust them and have confidence in what they are doing and they in you. Daily Industry news from Graham Norwood, the original property hack. Most buying agents have significant transactional experience; however, like estate agents, only few of these professionals have a surveying qualification so they may not be the best advisors when it comes to valuing the property and predicting future market trends. Property Buying Agent specialists Cotswold Buying Agent cover The Cotswolds, Gloucestershire and Oxfordshire to help you find your ideal residential property finder and negotiate the best possible terms. I called some agents and they were polite and explained their terms of business. We ... As our Pocket Agent, Henry’s concise, non-waffling approach and wealth of understanding ... Henry is one of a very rare breed - someone who is willing to give his time and share his ... more and more deals are being done ‘off-market’, These are some of the best that I recommend, those available but not advertised on websites or in agents windows. A full set of code of ethics is set out by The Property Ombudsman, which any respected buying agent would be a member of. He provided honest and pragmatic views, good advice and acted as a very useful buffer between us and the seller’s agent. French companies are forbidden from charging any registration fees and are required by law to tie all their compensation to the successful completion of the transaction. It is a team effort and I am very happy to recommend individuals who can help you & make it happen. I am not the only buying agent and it’s more important that you have the right advisor than that it necessarily be me. After we narrowed down to a target property, Henry found the “right price” and made things with the selling agent go smoothly. 25% of £1m+ homes sold in London in the first half of 2017 were sold ‘off-market’ & up to 40% of the homes I buy aren’t advertised on the internet or in an estate agents window. (PayWall). We never felt the stress of buying a house, and it actually turned out to be quite an enjoyable process. He oversaw our purchase of a lovely house for a keen price, and kept us on the straight and narrow when our property search threatened to veer wildly off piste at several junctures. Henry – I look forward to working with you again soon! As with buying a house, it is generally recommended to go through an estate agent to sell your property. A full service that sees them search out properties that meet their client’s criteria and negotiate the purchase of the property chosen, whether by private sale or auction. Property buying agents act on behalf of a buyer in the same way that an estate agent acts for a seller. I was acutely aware of my lack of knowledge of the country property market in my target area and might not have had the confidence to pull the trigger on a purchase without Henry to provide advice and perspective on the market. At the outset he was helpful in getting us to clarify and prioritize our wish list and budget. We would have been completely lost without Henry’s advice. Henry’s expertise, professionalism and in-depth market knowledge is exceptional. We wouldn’t hesitate to recommend Henry to anyone considering a property purchase and indeed would strongly advise it – he is worth every pound of his fee! Fees and charges. We thought it might have been a mistake to have enlisted Henry when we found a property so quickly. However each company has a few areas where it is stronger and only in those locations may it be able to deliver a superior value, especially when it comes to sourcing special opportunities. "Transaction costs are moderate to high in France", https://en.wikipedia.org/w/index.php?title=Buying_agent&oldid=959656550, Creative Commons Attribution-ShareAlike License, In markets where the average selling time of a luxury property is high, buying agents tend to split the fee with the selling agent and therefore the service has no additional cost to the buyer. We had been looking for a property for a while and being mostly based oversees it was proving a challenge. You will see that on February 16, 2017 my wife, Belkis, posted a comment above. After 37 years in the business I have bought and sold over 1000 properties. His knowledge of the “micro-climate” of each street is extraordinary”Oh, I wouldn’t bother with that – you can hear the trains!”. And it was refreshing to deal with someone who had no conflict of interest. Henry has been with us all the way. Only few companies in Europe have expanded to cover more than one country by employing different professionals. They’re there to offer their professional advice in what can often be an emotional situation, ensuring that lines of communication remain open and nothing gets confused if there are unanticipated delays. Would recommend without hesitation – many thanks Henry. Henry has taken care of almost everything (organizing the survey, finding a solicitor, …), which was really awesome as I’m quite busy at work and as I’m also not from the UK. Henry handled everything from finding suitable properties, talking to agents, recommending great solicitors, surveyors, builders and more. Will research the motivations of the sellers and look for pressure points like death, debt or divorce. He speaks fluent ‘estate agent’ and took a huge amount of stress off our shoulders. More than a half of respondents said they expected the value of their home to rise in 2014, with only 5.9% anticipating a decline. We have recommended him to a number of our friends and contacts. Its vital that you have the right person helping you even if that person isn't me. My girlfriend and I were searching the property market for months and were outbid several times on properties we liked during the post-lockdown boom in house-hunting. Henry has just helped us with an 8 month journey from North London to Godalming in Surrey. Award-winning, often breaking news with one of the sharpest property teams. He was also very responsive throughout and available whenever needed. Buying a property is one of your most important life purchases. Once we chose the neighborhood, he helped us narrow down and find houses which were both good value as well as being in our budget. The better buying agents will also have extensive knowledge of the properties in your target area and will contact owners of suitable properties directly to enquire if they would sell. Our house is perfect for us. Henry has been incredibly helpful as I’ve floundered about trying to buy and sell in a tricky market. 34 likes. Watership Property Limited is an independent property search and acquisition company. I am a buying agent.I look for homes (and other assets) and seek to acquire them on behalf of my clients. Definitely recommend! The overall fee structure is made of a small registration fee which is refundable (provided that the buyer completes the purchase within a certain time defined in the contract) and is charged upfront, and a success fee which is a percentage of the purchase price of the property and is paid at the exchange of contracts or when a preliminary contract is signed. Buying agents also often have close ties with property developers where the agent can get access to new properties before they come onto the open market. The care and commitment he has shown to two kiwis adrift in an unfamiliar habitat has been incredible. (see ‘fees‘). If you need buildings insurance from exchange of contracts or ongoing insurance or would like to know more about Homebuyers Insurance then there is more detail here; I have worked with a lot of surveyors and recommend these who have all worked for previous clients if you are looking for a common sense, practical and sensibly priced survey. Henry was extremely patient with me and over a few months, spent hours on the phone sharing his knowledge and expertise, whilst providing guidance and relevant information which enabled me to proceed, without pushing any specific agenda on me. He helped us with everything from honing in on potential areas outside the M25 through to managing estate agents and closing the deal. He gently but quickly dispelled our myths about the London market. Buying agents might have access to off-market properties through their network of contacts, although this depends on the market conditions and on how well connected the agent is locally. We specialise in finding houses, estates, farms and building plots for private buyers in London, Wiltshire, Berkshire, Hampshire, Surrey, Oxfordshire and Gloucestershire. And we had fun. He not only makes the process easier and actually enjoyable, but also helps cut through so much of the fluff and fantasy that surrounds the process. Negotiate with the seller and their agent. It therefore makes sense to seek some independent, professional advice. Alternatively other agents charge a fixed amount of money plus a percentage of the saving of the discount to the original asking price. That’s the message circulating at the top end of the prime property market on the run-up to one of the longest, and strangest, pre-election campaigns in history, the outcome of which … For employees of a company filling the role, see. TPO agents who are members are required to follow the Code of Practice for Residential Buying Agents. We knew no one and we didn’t know London. Find hundreds of 1000s of properties for sale & to rent from leading UK estate agents | OnTheMarket Henry provided much needed guidance, advice and inspiration to our house search. We provide a tailor made service acting exclusively for a restricted number of non-conflicting buyers. This “after-care” was an unexpected bonus that has proved at least as valuable as his buying agent services. The decision to work with Henry was definitely the right one and I enthusiastically recommend him. Confusingly there are two but this is the one (along with it’s own ‘Buying Agency Code’ that I helped draft) that I have signed up to. He just gets the job done. I work in a very busy environment and therefore it was really important to me that I had someone who I could trust and who was on my side. He knows the property market like the back of his hand, is clearly highly regarded by professionals in the business and communicates clearly and efficiently. The Buying Agents specialise in acquiring exceptional homes and property investments in the most desirable locations. People often under-estimate just how important a good property conveyancer is to the house moving process.
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