Many Australians are into real estate investment, and there are many reasons for this, especially when the economy is not performing well. Stocks and shares are a risky proposition when inflation is high, while many investors see better returns in the property rentals market and in this short article, we present a few good reasons why it is important to use a buyer’s agent when acquiring investment property.
- In-Depth Property Research – When planning to acquire a property, you need to carry out in-depth research to ensure the property is not tied to any loans or that there are no restrictions or holds on the title. Hiring a leading Australian investment property agent is the smart thing to do when looking to add to your property portfolio.
- Detailed Knowledge of the Local Area – A property agent makes it their business to know areas very well, and that is vital when looking to acquire a rental property. The agent might have information regarding a development that is being planned for the future, and buying the property would be a wise long-term move as far as investment goes. If you have some idea of future plans in an area, this can guide you to make the right decisions when looking to acquire property.
- Access to Pre-Market Properties – A buyer’s agent is in the industry and will often know about properties before they go on the market, and this gives you a unique opportunity to acquire an asset before it officially becomes available. If you are looking to sell a property, here is an informative blog to help you find a quick sale.
- Skilled Auction Bidding – Often, the best properties come under the auctioneer’s hammer; properties that have been foreclosed by banks usually end up at auctions, and a buyer’s agent has the know-how and the experience to bid wisely.
The above are just some of the reasons to use a buyer’s agent when acquiring real estate for rental.
Agency Strategy
When you approach a property investment agency, they use the following strategy.
- Discovery Session – This is typically done using Zoom, and it enables the agent and the client to decide on timelines, budget and long and short-term goals. The agent uses this data to create a 10-year property investment roadmap.
- Property Research – The agency performs an in-depth analysis of high-performing suburbs, growth modelling and market trends.
- Property Acquisition – This involves shortlisting properties, negotiating deals and carrying out due diligence.
- After Purchase Support – The agency offers property management advice when required and produces a detailed review for the client.
Whether you are new to the world of property investment or you are an old hand, the buyer’s agent will ensure that you make all the right moves and your investment portfolio will grow while also bringing you a high monthly rental income.
The Australian real estate market is currently on the up after a few years of uncertainty, and if you are ready to invest in bricks and mortar, do the right thing and make a connection with a leading investment property agency, an organisation that has the client’s best interests at heart.
