13 Sep What does a purchasing agent do?

What exactly does a purchasing agent do, and why is it useful to hire one?

What is a purchasing agent?

Before diving deeper into what a purchasing agent does, it’s important to first explain the role. A purchasing agent helps you find a suitable home that meets your needs. They assist with viewings by asking critical questions to the seller and help negotiate the asking price. In short, this type of agent helps you find the ideal home at the right price.

The steps a purchasing agent helps you with

Type of Property : The most important thing is that the agent understands what you’re looking for. Do you want a large garden or a small one? How many bedrooms do you need? This helps them know exactly what to search for.

Budget: It’s also essential to know how much money you can contribute upfront. Have this checked with your bank beforehand. This gives the agent a clear picture of your spending capacity.

Property viewings: Once the agent knows what you’re looking for, they will search for properties that match your criteria. The advantage of working with an agent is that they have expertise and can assess properties critically and neutrally.

Negotiating the price

There’s usually a listed price, but this should be seen more as a guideline. There’s often room for negotiation. A purchasing agent is valuable here because they know exactly how to negotiate professionally.

The costs:

Most purchasing agents don’t have a fixed rate, and the cost can vary between one and five thousand euros. Some agents work differently, earning money based on a fixed percentage of the final purchase price. The advantage of this is that the agent is more motivated to negotiate the price down, which benefits both you and them.

Things to consider when choosing a purchasing agent

• Do they have a diploma?
• How long have they been in the industry?
• Set up a meeting with the agent.
• What is their approach?

This way, both you and the agent know what to expect. Additionally, here are three tips to make the most out of hiring a purchasing agent.