A recent property review reported on an increasing number of buyers engaging in a professional buyer’s agent. It seems the everyday property buyer is starting to recognise the value of expert assistance in the current, highly competitive, market.
Investing in direct property and building a diverse property portfolio remains one of the most popular wealth creation strategies among Australians. Yet many Australian investors simply don’t know where to begin – from sourcing the right property to negotiating price – the process is involved and mostly daunting for an inexperienced buyer.
Now, more than ever, the use of buyer’s advocate has become a key strategy for both experienced and novice investors alike when in comes to securing “the” property.
SO, what are the benefits of using a buyer’s advocate to secure an investment property?
- Removing the guesswork, presenting you with the hard facts enabling calculated, well-informed decisions. The diligence of the process when a buyer has the right advice can end up saving valuable time and money.
- Managing the process; guiding you through the entire purchasing process you remain confident 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.
- Time and money will be saved. A buyer’s agent can also minimise risk when searching for, identifying and analyzing 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 the 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 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, removing the emotional bias from the purchase 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”, Says Director of Riveren Property, Sophorn En.
Mr En said this can lead to clients feeling overwhelmed and often causes them to back out of the whole process and “ultimately pay the biggest price by missing out entirely.”
For all the benefits of a buyer’s advocate, there are very few reasons an investor should feel unprepared.
By mitigating the risks and removing emotion from the purchase, a buyer’s advocate gives the everyday buyer a competitive edge and strong guidance through the life cycle of their investment journey.