The buying agency business is booming, owing to a lack of prime Central London property for sale on the open market, and the general market uncertainty. New start ups in the sector are keen to take a bit of business from the established agencies, who scoff at the notion. FrancisLong, of Hanslips, a 12-year-old buying agency says: “New buying agents are mostly disillusioned estate agents who lost their jobs in 2008. A buyer should always ask an agent about their track record.”
Are traditional buying agents worth the money? Yes, if you can afford it. They will do everything for you, including investigating what Long calls a “huge checklist of details such as overhead pylons, private water supplies and the neighbours.”
Lucy Alexander, The Times
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