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Charges by Sourcing Agent | JiaYu

What is a sourcing agent? What fees does a sourcing agent charge?

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.

Difference between Estate Agent and Sourcing Agent | JiaYu

The difference between an estate agent and sourcing agent

Estate AgentSourcing Agent
CustomerSellerBuyer
FunctionsStrive for the highest possible closing price for the sellerWorks on behalf of the buyer and the owner to bargain for a lower price
Service feesAverage 0.75 - 1.42% of the closing price
(including VAT)
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.

The difference of Agent between the UK and Hong Kong | JiaYu

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.

所以喺英國買樓,真係要揀真睇真啲,慎選一個可靠嘅代理,買樓流程順暢,所有事都會事半功倍!

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