Prosper Group is Sydneys leading property buyers agent, Specialising in securing great deals for property investors.
With today’s busy lifestyles many professionals are choosing to use real estate or property buyers agents . A property buyers agent acts on behalf of the buyer to source and negotiate on properties that the buyer wishes to purchase. The client sets a list of criteria with the buyers agent, which includes purchase price, location, desired yield, old or new, type of construction, ability to add value etc.
After being provided with a brief, the buyers agent then takes care of the sourcing, due diligence and negotiating on their client’s behalf.
The buyers agent may also assist the client with refining their criteria through providing research material and information on the property market, economic trends, population statistics, infrastructure initiatives and other key indicators that may assist the client with enhancing the property returns. People use a property buyers agent, or “property buyers advocate”, for different reasons. For some people, being time poor is an issue, whilst others simply want to employ the expertise of professionals who are in the property market buying day in and day out.
Prosper Group is Sydneys leading property buyers agent, Specialising in securing great deals for property investors.
With today’s busy lifestyles many professionals are choosing to use real estate or property buyers agents . A property buyers agent acts on behalf of the buyer to source and negotiate on properties that the buyer wishes to purchase. The client sets a list of criteria with the buyers agent, which includes purchase price, location, desired yield, old or new, type of construction, ability to add value etc.
After being provided with a brief, the buyers agent then takes care of the sourcing, due diligence and negotiating on their client’s behalf.
The buyers agent may also assist the client with refining their criteria through providing research material and information on the property market, economic trends, population statistics, infrastructure initiatives and other key indicators that may assist the client with enhancing the property returns. People use a property buyers agent, or “property buyers advocate”, for different reasons. For some people, being time poor is an issue, whilst others simply want to employ the expertise of professionals who are in the property market buying day in and day out.
Save you time:
The burden of not having the available time and resources often leads to people delaying their purchase decision which may result in poor timing or indeed making a decision around your schedule rather than buying the right property for the right price at the right time. Due to a busy schedule, inspecting three to five properties over three or four Saturdays, simply does not show you everything on the market. Also attempting to save time by searching over the internet is not an exhaustive or effective research method as the properties are often not updated on a daily and sometimes even weekly basis. The buyers agent may review several properties simultaneously for the client, increasing the chances of securing a good deal. For the client this means an exhaustive search has been preformed over a condensed period of time which provides the client with a better chance of obtaining the right property at the right price.
Save you money:
The majority of investors view the asking price as an estimate of the property’s approximate value and base negotiations around this. In reality the asking price is a price provided by the selling agent who is acting for the seller to achieve the highest sales price possible. Through industry experience, current market knowledge, research and access to the appropriate historical records, the buyers agent will analyse and appraise the value of the property, how it stacks up as an investment and provide a report to their client. The buyer’s agent will then negotiate the best possible purchase price, potentially
saving many thousands of dollars for the client.
Professionalism / Confidence:
Just like your stockbroker, buyers agents are industry professionals, with access to the necessary research and software. A “good” buyers agent may accurately judge the property market and may negotiate and be assertive on your behalf as well as look at all properties with an unbiased viewpoint.
Costs:
The fees paid to a buyers agent when purchasing an investment property are tax advantaged (please speak with your accountant about this). A common investment approach is to buy in boom and not wanting to buy in the bust or flatter periods. This strategy is potentially the worst approach to achieving good property investment returns. One should look at buying undervalued assets when the market is at the bottom, instead of paying top dollar when the market is in its peak or booming.
Adopting a counter cyclical approach is recommended. “Buying well” is the key! Buying when the market is at the bottom of the cycle lowers your risk and enhances the potential for capital gains over the short to medium term.
To view case studies of Prosper Groups property buyers agent service please click here Sydney Property Buyers Agent
To contact Prosper Group about are property buyers agents service please visit our website www.prospergroup.com.au or call us on 1300 664373.
property investment melbourne on 03/03/2011 `at` 11:34 AM:
I like your discussion and explanation on the why we should hire a buyer's agent or buyer's advocate.
