If you are looking to invest in property in Australia, it pays to have an experienced investment property agent on your side. A property buyer’s agent can help you make the most of your investment, and ensure that you get the best possible return.
With the right buyer’s agent, you can rest assured that you are getting the best advice and service possible. No matter what type of property investment you are looking for, a buyer’s agent can help you find the perfect property for your needs.
What is a Buyer’s Agent?
A buyer’s agent is an investment property agent who works exclusively for the buyer, providing them with expert advice and guidance throughout the entire property purchasing process. Buyer’s agents are highly knowledgeable in the area of property investment in Australia, and they can help investors make informed decisions when it comes to purchasing a property.
Buyer’s agents provide investors with valuable insights into the current market trends, and they can help investors identify potential opportunities that may not be visible to the untrained eye. They can also assist in negotiating the best price for the property they are interested in purchasing, ensuring they get the best deal possible.
By engaging the services of a buyer’s agent, investors can feel confident that they are making an informed decision when it comes to investing in property.
Benefits of Using a Buyer’s Agent
A personalised property portfolio
With a tailored selection, you can spend your time inspecting properties that fit your requirements instead of sifting through the masses of options out there. Buyer’s agents work with you to find the one that’s right for you, so you don’t have to waste time on investment opportunities that don’t fit your needs.
Some buyer’s agents, such as Monopoly Wealth, specialise in putting together full property portfolio plans that take into account your early retirement goals (because that’s everybody’s dream, right?).
Gives you back your weekends
Finding the right property can be a time-consuming process, but home buyer’s agents can decrease the amount of time you need to invest in the process significantly. They perform extensive research and due diligence, then strategically handpick a selection of properties that meet your criteria, giving you a tailored selection to choose from.
You’ll reap the benefits of their network and expertise
Buyer’s agents have an in-depth knowledge of the real estate landscape and a network of contacts who can find a wealth of properties that fit your criteria – some of which may not even be on the market yet! This means that you have access to properties that you may have missed if you choose to go it alone.
Levels the playing field
While buying properties may seem easy, there are many pitfalls inexperienced buyers fall into. Buyer’s agents can help you navigate the process, knowing what to look for and what to ask. They level the playing field, so you do not fall victim to spruikers.
Are Investment Property Buyer’s Agents Really Worth It?
The simple answer is yes. Having a professional buyer’s agent on your side saving you time, money and unnecessary mistakes.
Firstly, buyer’s agents have professional negotiation skills that are essential to the home buying process. Purchasing a property is one of the most significant investments we make in our lives, and ensuring you receive the best possible outcome is essential. A buyer’s agent has experience and knows how to handle every aspect of the negotiation, including bidding at auction, ultimately saving you money and securing a better deal.
Secondly, emotions can often cloud judgement when purchasing a property, which is why a buyer’s agent is necessary. Their expertise is invaluable and will be able to take the necessary steps to ensure buyers remain objective throughout the buying process. From identifying, critiquing and finishing on the right property for your needs, a buyer’s agent will guide you into making informed decisions.
Thirdly, purchasing a property can be a stressful experience, even for seasoned investors. Thankfully, a buyer’s agent can reduce the stress for buyers by managing the process throughout – from identifying properties for sale to inspection, paperwork and everything in between. With a buyer’s agent on your side, you’ll be guaranteed support and a hassle-free experience.
Lastly, a buyer’s agent has industry contacts within the market. They are aware of every property for sale and will have access to silent, off-market properties, which may not be possible with a selling agent. A good buyer’s agent will open up possibilities that would have been next to impossible to access for an ordinary buyer. They can potentially source properties that would never reach the market, widening the scope for finding the perfect investment property or home.
If you’re purchasing a property either as a home or investment, it’s essential to have an experienced buyer’s agent on your side – unlike a selling agent who works on behalf of the seller and cannot simultaneously represent the needs of the buyer and the seller, creating a conflict of interest. Ultimately, having a professional and knowledgeable buyer’s agent by your side will save you time, money, and give you peace of mind.
How To Choose Your Buyer’s Agent
Choosing a good buyer’s agent can be overwhelming, especially for first-time property buyers – so let’s break it down for you.
Qualifications
A buyer’s agent with extensive experience in the industry and a valid real estate licence is crucial as they can provide expert guidance throughout the property buying process. Therefore, it is advisable to avoid hiring agents who are not licensed estate agents or are not accredited by PIPA.
Just because an agent offers lower fees does not necessarily mean that they provide great value, so it’s important to look beyond fees when selecting an agent.
Localised knowledge
Local knowledge of the property market is another vital aspect of a good buyer’s agent. You should engage an agent who has a strong track record of successful buying in the area you plan to buy in. This local knowledge will save you time and ensure that you get the best investment strategy within your budget.
Emotional bias
A good buyer’s agent should also be unbiased and able to put your goals, preferences, and long-term plans first. They should provide you with a shortlist of properties that fit your needs, taking into consideration various aspects like the location, size, amenities, and other desirable features, without being swayed by emotions or personal bias.
Ready to guide
A good buyer’s agent should not leave you hanging after purchasing the property. They should continue to provide professional assistance in helping you find a reliable property manager and tenants if you plan to rent it out. They should also offer valuable advice on whether to renovate or rent it out as it is and suggest reputable industry partners and contacts for your future steps.
A good buyer’s agent is a valuable investment in ensuring that you make the right property purchase decision, save time and money in the process, and achieve your long-term property investment goals. Therefore, take your time and choose the right agent that meets your needs and preferences.
Choose Monopoly Wealth for all your property investment needs. Call us on 07 5491 8648 or email hello@monopolywealth.com.au to set up an appointment.
