Britain's buying agents AKA property finders are becoming cheaper. Unlike estate agents which represent the interests of sellers, buying agents help buyers. Buying agents are widely established in the United States and Australia.
In Britain, buying agents have been a luxury only the rich can afford, so, to widen their appeal, a new service called The Buyers Edge has been launched by the Association of Property Finders and Buyers Agents (APFBA).
Under this scheme the usual upfront fee, which can sometimes be as much as £700, is waived and a finders fee is paid only if the agent negotiates a lower sales price on a property - this fee would be 1 per cent of the home's value and a percentage of the saving made.
More information available from the the APFBA at http://www.apfba.org/
(All The World's a Home : Global Property News)
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