Power to buyers

A Northland real estate firm has set itself up as a "buyer's agent" - whereby a property buyer pays it to work for them, rather than the seller.

Waipu-based goodGround Real Estate says it has done three deals in which it has worked exclusively for the buyer, and it believes there's a demand for the service.

Founder Martin Albrecht says through the firm's new Buyer Agency Agreements, agents work to get the buyer the best deal on a property.

For example, a client to whom he had sold a farm wanted to also buy the farm next door and asked Albrecht to work for him rather than the seller. He managed to save the buyer $90,000.

"At the time there wasn't a lot around about how you set that up. We managed to do it ... and that's what gave me the idea."

At one point he got a call from a woman in Wellington wanting help to find a house for her in-laws who had arrived from the United Kingdom.

No Wellington agents were able to do it.

To read the full NZ Herald article, click here

Posted: 28 Mar 2010

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