Why a buyer’s advocate gives you a competitive edge in property.
In the current, highly competitive market it pays for the everyday property buyer to recognise the value of expert assistance.
In this case, we’re talking specifically about a buyer’s advocate, and here’s why...
While investing in, and building a diverse property portfolio remains one of the most popular wealth creation strategies among Australians, many Australian investors simply don’t know where to begin. From sourcing the right property to negotiating price, the process is highly involved and mostly daunting for an inexperienced buyer.
According to recent reports, the use of buyer’s advocate remains a proven key strategy for both experienced and novice investors alike when in comes to securing “the” property.
Ready to invest?
TMFG can help, but first, we’ll break down some of the actual benefits of using a buyer’s advocate in case you’re not convinced.
Benefits of a buyer’s advocate:
Removing the guesswork.
A buyer’s advocate can present you with the hard facts enabling calculated, well-informed decisions. When the buyer has the right advice, the diligence of the process can end up saving valuable time and money.
Managing the process.
A buyer’s advocate can guide you through the entire purchasing process maintaining confidence in your decisions, while the project is being managed from beginning to end.
Fair representation of interests.
A buyer’s advocate will provide unbiased advice that represents your interests above anything else.
Save time and money.
A buyer’s advocate can minimise risk when searching for, identifying and analysing investment options most suited to your personal financial position,
Accessing off-market investment opportunities or exclusive projects, not available to the public market.
Identifying sound investments.
A property professional is more equipped to identify areas with greatest capital growth potential or rental yield prospects.
Dealing with all negotiations involved in securing the best property at the right price and terms for you.
Acting as a liaison.
A buyer’s advocate can liaise between you and all third party consultants – connecting you with financial planners, mortgage brokers, accountants, conveyancers, architects, builders and developers. Providing one port of call, rather than dealing with multiple parties.
Property Agencies, such as Riveren Property are seeing buyers reap these benefits first hand, and not only in the investment, but in the process – especially when bidding at auction. Acting diligently on behalf of their client, an agent removes the emotional bias from a purchase, which can make an enormous difference for the investor.
“The number one problem our clients face is that they simply don’t have enough time or energy to dedicate themselves to going through all the different steps and processes involved in purchasing an investment property.”
– Director of Riveren Property, Sophorn En.
Mr En said clients often feel overwhelmed which can cause them to back out of the whole process and “ultimately pay the biggest price by missing out entirely.”
An investor will feel very prepared when using a buyer’s advocate. On top of the expert advice and confidence in facilitating the process, by mitigating the risks and removing emotion from the purchase, a buyer’s advocate gives the everyday buyer a competitive edge at the beginning, and strong guidance through the life cycle of their investment journey.