Buying a property in the UK can be cumbersome and complicated. In response to the impact of the epidemic, many foreigners may not be able to fly over to view the buildings in person now, as well as deal with the purchase process. Therefore it becomes necessary to get a great representative and lawyer team to help. But if Hong Kong people do not know much about the British market, what can be done to do help?
In Hong Kong, there are not many people who will help estate agents, while in the United Kingdom, there are similar agents, but they are divided into estate agent and sourcing agents.
The difference between an estate agent and sourcing agent
|Estate Agent||Sourcing Agent|
|Functions||Strive for the highest possible closing price for the seller||Works on behalf of the buyer and the owner to bargain for a lower price|
|Service fees||Average 0.75 - 1.42% of the closing price|
|Fees vary from agent to agent, typically from £1,000 to £5,000|
The table above shows that there is a fundamental difference between estate agent and sourcing agent, and that the functions of the two are completely different.
As a buyer, will be familiar with the local market, but relies on the sourcing agent to help. The market needs to be evaluated and checked base of the agents knowledge.
Different agents may charge outside the normal standardised fees.
Many Hong Kong people are used to the agent of the real estate type, until the end of the transaction, the agent will provide unlimited options and help. But in fact, the UK is not the same, the agent will only be to provide 2-3 properties for you you, and in the end, the deal is good, all you have to pay is a fee of £1,000 - £5,000. That is to say, the more options you request, the higher the cost to the agent's.