Ways a buyers agent can save you money
October 31, 2014 / Written by Rich Harvey
Searching for the ideal investment property is a time-consuming exercise, especially in the busy Sydney market. RP Data recently identified the high concentration of unit sales that were occurring in the Harbour City CBD, with investors now owning more than half of the units in many, many suburbs.
But this doesn't mean you should give up the search - it just means you need the right help along the way. By engaging the services of a trustworthy buyers agent you will be able to save a lot of time, and more importantly money, during your property search. Here is how.
As Sydney's most awarded buying agents, we have established an extensive folio of property sources and detailed market analysis - have a look at these free reports for an example of the kind of work we put together for buyers.
This removes all of the guessing games when you want to find an apartment in a crowded market. We analyse where prices are rising, the value of homes nearby, how long they have been on the market, demographics, rental yield and much, much more, to give you an accurate picture of the property market. This saves you the significant costs of spending time personally searching around the city.
You won't have to spend months making your own inquiries or being given a narrow list of properties by a selling agent, because we work solely in your favour, for your benefit.
This also applies to sales rebates - at Propertybuyer we are exclusive buyers agents, so don't take sales commission. Our pre-determined set fee structure means that any commission from property transactions s gets passed on to you, which can benefit you by thousands.
And because we act only in your interests, you can benefit from the firm negotiation skills a buyers agent brings to the table.
Gearing the right way
When you want to find a unit to rent out for immediate gains, gearing it positively is often a great way to go. Recent figures from the Real Estate Institute of NSW showed that vacancy rates are falling across Sydney, meaning more and more people are demanding rented housing in the city.
This was particularly strong in Sydney's mid-range suburbs, which have the potential for some excellent capital growth as infrastructure projects like WestConnnex get underway.
The right buyers' agent will know about these projects, and be able to give sound advice on where to buy for your desired gearing system. This applies for both those who want positive geared property for immediate gains and those who prefer the slow-burn of capital growth.