Budget player joins ranks of buying agents
By Tanya Powley
Published: March 5 2010 18:13 | Last updated: March 5 2010 18:13
House-buying agents have traditionally been the preserve of wealthy property purchasers – but a new low-cost company has now launched with the aim of bringing its negotiating skills to the mainstream market.
Buyers Edge, unlike rival buyers agents, does not charge an upfront fee. Tim Hammond, its chief executive, says homebuyers will pay a fee only if the company negotiates a discount on a property that a client wants to purchase. Buyers Edge will then charge either 1.5 per cent of the purchase price or 15 per cent of the saving on the asking price, whichever is greater.