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January 5, 2005
What is a Property Finder?
Property Finders specialise in searching out, locating and negotiating the purchase of property on behalf of the buyer.
Several buyers agents charge an engagement fee before they begin the search for a property. Users of the full service can expect to pay a flat fee or a percentage of the property purchase price. Using a property finder to bid at auction, meanwhile, carries a much lower fee.
Investors should note that the cost of using a property finder is tax-deductible when purchasing an investment property. Unfortunately, for the owner-occupier, no such tax break exists.
Why then are many prospective owner-occupiers willing to hand over this money to a property finder? For some it is the time saving on offer. Having the property finder search out ideal properties keeps many buyers’ weekends free from scouring through newspapers, meeting with agents and attending inspections.