We looked at about 50 buyer advocate websites to create this summary of their fees.
Get in contact with buyer advocates and talk to them about your situation.
What we found
- Fee Range: The fixed fees range from $550 for individual services to $10,000+ for a comprehensive service. Percentage-based fees typically range from 1% to 3% of the purchase price.
- Service-Specific Fees:
- Auction bidding services are often less expensive, sometimes with a fixed fee like $550 or $995.
- Full search and acquisition services usually have higher fees, either as a fixed amount or a higher percentage of the property price.
- Initial Costs: Many services require an initial engagement fee, often ranging from a few thousand dollars up to $4,000, which is sometimes deducted from the final success fee.
- Negotiable Fees: Some agencies offer negotiable fees, which can be adjusted based on the service complexity and client's preferences.
- Inclusive Fees: Certain services, like full search and acquisition, include retainer fees in their percentage-based charges.
Examples of Percentage-Based Fees:
- 1% of the property price for appraisal and negotiation, auction bidding
- 1.5% - 3% depending on the property type and service
- 1.65% - 2.75% for Full Search and Acquisition service
- 1.1% for Negotiation and Auction Bidding service
- 1.5% to 2% for Full Premium Service
- 0.75% to 1% for Assess and Negotiate
- 1.5% to 2% for Full Search service (inclusive of retainer)
Fee Structures and Models:
- Initial retainer deducted from success fee
- Engagement fee + success fee structure
- Fixed fee, percentage fee, tiered fixed fee options
- Free consultations (offered by some agencies)
Again, get in contact with buyer advocates and talk to them about your situation.
Buyer advocates can be very beneficial when purchasing a property.
You have a real estate professional on your side that knows the market.
