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Old 19.04.2021, 14:35
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Happy to purchase services of professional real estate agent

Hi,

I consider purchasing an apartment in canton of Zurich that is about to be delivered at the end of Apr 2022 and would like to purchase a professional advise from real estate agent.

Any ideas who offers these services?


Thanks
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Old 19.04.2021, 20:56
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Re: Happy to purchase services of professional real estate agent

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Hi,

I consider purchasing an apartment in canton of Zurich that is about to be delivered at the end of Apr 2022 and would like to purchase a professional advise from real estate agent.

Any ideas who offers these services?

Thanks
Here's a thread explaining that, around here, a buyer's agent is not the usual thing, and that most agents work for the seller.
https://www.englishforum.ch/housing-...questions.html

However, perhaps someone who knows of a buyer's agent will be kind enough to recommend one to you. I hope so.
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Old 19.04.2021, 21:17
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Re: Happy to purchase services of professional real estate agent

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Here's a thread explaining that, around here, a buyer's agent is not the usual thing, and that most agents work for the seller.
In principle thatís correct, but as Swiss real estate agents donít have any principles, it is quite difficult to tell. All they care about is getting their commissions which means they can also work against the interests of the seller.
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Old 19.04.2021, 21:20
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In principle thatís correct, but as Swiss real estate agents donít have any principles, it is quite difficult to tell. All they care about is getting their commissions which means they can also work against the interests of the seller.
Yes, that may well be so. Is is different in other countries? Real estate agents with principles, who care about the interests of the seller, and not about getting their commissions.

I like the idea of paying a buyer's agent for a consultation, for advice and, possibly, to actually help find a property and settle the deal.
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Old 20.04.2021, 09:25
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Re: Happy to purchase services of professional real estate agent

Alextarki, just a heads-up as you navigate the shark-filled waters of Swiss real estate agents:

There is one agency I know of where the buyer pays the commission... but they work for the seller! Yep, you pay the guy explicitly working against your interests.

Given the bone-dry Swiss market, I would not be surprised to eventually see more agencies going this route. There is simply far more demand than there will ever be supply.

FYI, I've seen ads in the back of glossy AD-type magazines directed to UHNW clients offering property search services. But as I have no personal knowledge of any of these, I won't link them. Easily found when googling, though.

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Yes, that may well be so. Is is different in other countries? Real estate agents with principles, who care about the interests of the seller, and not about getting their commissions.

I like the idea of paying a buyer's agent for a consultation, for advice and, possibly, to actually help find a property and settle the deal.

Doropfiz, in other countries there are two agents involved in a sale, the buyer's agent and the seller's agent, each representing one party's interests. While there is some truth to the stereotype of the self-serving agent, at least in some other countries the profession is regulated to a greater degree, there are laws that govern the agent's behaviour towards a client. In addition to the buyer's agent, back home one also uses lawyers, one working for the buyer and one working for the seller, to finalise the deal. The lawyer has a fiduciary duty to the client.

Unlike in Switzerland, where one is largely on one's own. (The notary is supposed to be neutral, looking out for the letter of the law, not either party's interests.) IMO and IME, as a buyer I would hesitate to pay an agent here without a greater level of consumer protection regulation in place.

A buyer or seller should assume that the real estate agent is working first and foremost for his own interests. Keep eyes wide open, count fingers after shaking hands, and if your agent invites you to dinner bring a long spoon.

Last edited by meloncollie; 20.04.2021 at 11:23.
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Old 20.04.2021, 10:46
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Re: Happy to purchase services of professional real estate agent

We were lucky...We rented this house for 3 years and when the owner decided to sell, we bought it, we did it direct without an agent, just used an English speaking lawyer and notary. No commissions paid out...saved us quite a lot it seems.
Personally, I would prefer to not use agents at all....I have 3 houses and don't use one for renting out in the UK, just manage it remotely...of course it helps if you have decent tenants too.
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Old 20.04.2021, 11:18
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I like the idea of paying a buyer's agent for a consultation, for advice and, possibly, to actually help find a property and settle the deal.
My Brother paid an agent 1% to find a property in CH, they will do a lot of legwork, it just depends if time or money is more important to you.
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Old 20.04.2021, 11:40
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My Brother paid an agent 1% to find a property in CH, they will do a lot of legwork, it just depends if time or money is more important to you.
1% on a 2million franc property is still a lot of commission....but hey ho! each to their own.
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Old 20.04.2021, 11:47
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1% on a 2million franc property is still a lot of commission....but hey ho! each to their own.
Generally it's attractive to the higher budget property purchasers who use a a buying agent.
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Old 20.04.2021, 14:25
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Re: Happy to purchase services of professional real estate agent

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Doropfiz, in other countries there are two agents involved in a sale, the buyer's agent and the seller's agent, each representing one party's interests. While there is some truth to the stereotype of the self-serving agent, at least in some other countries the profession is regulated to a greater degree, there are laws that govern the agent's behaviour towards a client. In addition to the buyer's agent, back home one also uses lawyers, one working for the buyer and one working for the seller, to finalise the deal. The lawyer has a fiduciary duty to the client.
2 agents, 2 lawyers...

What's the typical cost of such a setup, relative to the property value?
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Old 20.04.2021, 14:27
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Re: Happy to purchase services of professional real estate agent

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Alextarki, just a heads-up as you navigate the shark-filled waters of Swiss real estate agents:

There is one agency I know of where the buyer pays the commission... but they work for the seller! Yep, you pay the guy explicitly working against your interests.

Yeah, propertyowner.ch charges buyer 3% "provison" on purchase price, absolutely nuts. I must say that even though market is very overheated I do hope buyers have a bit of self respect not to do such deals
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Old 22.04.2021, 01:41
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2 agents, 2 lawyers...

What's the typical cost of such a setup, relative to the property value?
Given that I can buy a gorgeous historic house on a hundred acres for a fraction of the price I would need to shell out for a tiny dump with no land here... it doesn't matter. I'd still come out ahead.

Best argument for having someone on your side who is actually on your side: No need to mainline ulcer meds to get through the process.
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Old 22.04.2021, 08:24
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Given that I can buy a gorgeous historic house on a hundred acres for a fraction of the price I would need to shell out for a tiny dump with no land here... it doesn't matter. I'd still come out ahead.

Best argument for having someone on your side who is actually on your side: No need to mainline ulcer meds to get through the process.
The agent will find property that is not on the market officially then negotiate & will often will get the property at a lower price than you could achieve. Hence it's definitely worth paying if buying a higher value property in CH, difficult to know where higher price starts in CH but I would suggest about 5 million, about the same in London. That 50k fee may save 10-20 times the fee as there are not 100 people looking to buy in that price range & the seller does not know who has given an insulting offer either
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Old 22.04.2021, 09:03
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Re: Happy to purchase services of professional real estate agent

Reducing the selling price works against the agents commission. Few Swiss agents are willing to do that. Try offering a share of any price reduction, say 10%, may be more effective. If they arenít too lazy to do the work.
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Old 23.04.2021, 19:44
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Re: Happy to purchase services of professional real estate agent

Alex, if you go through an agent I recommend going through one who is a member of an industry association such as SVIT.ch or USPI.ch. Realtors have to meet standards to join, they are held to a code of conduct, and clients have recourse if something goes wrong. Be aware that realtors in Switzerland do *not* need a license to operate and are not required to be members of a trade body! Beware Remax Switzerland -- their agencies (Remax "Excellence") are independent franchises and if they charge you fees that were never disclosed or agreed, the head office (Remax House of Switzerland) will not intervene on your behalf. There is no published code of ethics and no recourse for clients. Your only option will be the (costly and protracted) legal route.
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