Buyers Agent Fees and Commission percentage
How much does it cost to hire me to help you find and buy the perfect property?
What is a Buyer's Agent commission?
It has been common practice for buyer’s agents to charge for their service as a listing (sales) agent does, which is to charge a percentage of the sale price.
A listing agent commission percentage is generally 2% or more (plus gst) so you’ll find that the average buyers agent commission on a purchase between $1M and $5M could range between $20,000 and $100,000, representing a significant chunk of a buyer’s deposit.
Under this structure the more the buyer ends up paying for the property the more they pay in buyers agent fees, and the buyer’s agents final fee is unknown until the property sales contract is signed. This method of charging doesn’t exactly seem fair.
How is the Buyer's Agent commission calculated?
At Unicorn Buyers Agents we’ve developed a better, fairer fee structure so that when we work for you the exact fee has been agreed in advance and there are no surprises.
We have done away with the commission model and we are a fixed fee flat rate buyer’s agent with six purchase price brackets and a fixed fee associated with each bracket- all outlined in the table below.
We are proud to advertise our fees in plain sight and we know you’ll find them very reasonable, calculating out to between 1.5% and as low as .8% inclusive of GST. We charge a modest upfront engagement fee to commence work for you, with the balance only being payable on unconditional exchange of your property.
What percentage do most realtors charge?
A selling agents commissions can average around 2% or more, with most buyer’s agents aiming for this as their benchmark number. This commission percentage model means before you’ve even made a purchase you’ll have to negotiate an agreement with your buyer, even then knowing you’ll pay more in fees if you pay more for your property. We firmly believe our fixed fee model is much fairer and more transparent.
What Our Buyers Agents Fees Include?
We have three distinct services on offer.
Our most popular option is our full service ‘search, appraise, negotiate’ option and our buyers agent fee for this service includes practically everything and is unlimited until we buy your property, and beyond.
We dig deep to uncover the very best on and off-market properties, and conduct thorough due diligence on all of them, to ensure there are no hidden surprises. That includes arranging inspections for building and pest, engineers, heritage architects, and other specialists as required. We’ll negotiate, and attend auction. We also help with the details all the way to settlement, co-ordinating trades, gardeners, cleaners, removalists, locksmiths, and more, to ensure the transition over your new property is seamless.
We over deliver on service for our ‘appraise negotiate’ option also. We’ll advise you on the likelihood of securing your target property before commencing work for you, saving you time and money. Your success is our success and we want to get it right – the first time.
We are so confident we will find you a property that meets your brief and ticks your boxes, that we are offering a money back guarantee on your engagement fee if we dont. This means there is zero risk for you in choosing Unicorn Buyers Agents to work for you so you can proceed to hire us with confidence.
*Guarantee applies to my option one service.
|OUR FEES - OPTION 1: COMPLETE PACKAGE - FULL SEARCH, APPRAISE AND NEGOTIATE|
|Property purchase price||Engagement fee(inc. GST)||Success Fee (inc.GST)||Total Fee (inc. GST)|
|Up to $1 Million||$4,000||$11,000||$15,000|
|$1.1 Million - $1.5 Million||$4,000||$16,000||$20,000|
|$1.6 Million - $2 Million||$5,000||$20,000||$25,000|
|$2.1 Million - $3 Million||$5,000||$25,000||$30,000|
|$3.1 Million - $5 Million||$5,000||$30,000||$35,000|
|Over $5 Million||$7,500||$32,500||$40,000|
|OUR FEES - OPTION 2: (YOU FIND THE PROPERTY) WE APPRAISE AND NEGOTIATE|
|Property purchase price||Engagement fee(inc. GST)||Success Fee (inc.GST)||Total Fee (inc. GST)||Number of negotiations included|
|Up to $1 Million||$2,000||$4,000||$6,000||3|
|$1.1 Million - $1.5 Million||$2,000||$6,000||$8,000||3|
|$1.5 Million - $2 Million||$3,000||$6,000||$9,000||4|
|$2 Million - $5 Million||$3,000||$8,000||$11,000||4|
|Over $5 Million||$5,000||$10,000||15,000||4|
|OUR FEES - OPTION 3: AUCTION - (YOU FIND THE PROPERTY) WE BID ON YOUR BEHALF|
|Bidding at Auction||$750|
Ready to take the next step? We’d love to hear about your property aspirations and understand if I’m in a position to help you. If you’d like to book a free 20 min discovery call you can do so below. I look forward to hearing from you.