Buyer’s agents source property for their clients from the open market place and off market (property that is for sale yet not advertised). We then provide you with a detailed market appraisal report so you know the fair value range for the property you are interested in. We then negotiate on property price via private treaty or auction.
Our experience will:
In the same way a real estate agent caters his/her service to benefit the seller (vendor). The main role of a buyer’s advocate is to look after our client’s best interest.
Just like a selling agent, buyer’s agents are paid a fee by the people whom employ them (the property buyer).
Yes we consistently buy a significant percentage of our client’s properties that are not publicly advertised. The process we follow in our search ensures that we uncover these unlisted properties, which can often be great buying opportunities.
Some of our best purchases over the years have been property that was publicly listed, that we have negotiated great prices for also.
Our job will be to compare the publicly listed and off market properties, and help you choose the best, and most suitable property for your needs.
If the buyer is buying a principle place of residence, fees a buyer’s agent charges are not tax deductible although if the buyer were buying an investment property, the fee would be treated like any other advisor through the property purchases process. For more information on this topic, speak to your Accountant or contact the Australian tax office.
Some buyer’s agents will say that they can secure you a lower purchase price. However, it’s important to remember that this is, by no means, guaranteed.
Yet, it’s not just the purchase price you need to think about. What are the ongoing costs of running this property? Will it be easy to rent? Will it be easy to sell? Which neighbourhood has the best growth potential? Beyond the purchase price, there are many things to consider when buying a property. Using a buyer’s agent can offer financial - and emotional - benefits that should be considered when weighing up the pros and cons of using a buyer’s agent.
1. Time is money
If you have the inclination and time to invest in educating yourself and making an informed decision, then managing the buying process yourself is achievable. However, if you’re someone who is time-poor, then a buyer’s agent would be a wise investment as they will do all of the legwork and research for you, discarding 60-90% of unsuitable properties before you even go to any inspections.
Put it this way; Have you ever thought about how much your time is worth? In a recent survey, participants said their spare time was worth $170 per hour on average. It can take up to 55 hours to buy a property (from research to purchase), so that’s almost $10,000 worth of your time before you even purchase.
2. You’re investing in knowledge
Most buyer’s agents will have access to off-market properties and insights. To put it simply: property investment is our bread and butter; it’s what we do every day. Because of that we know the neighbourhoods, the streets and even the apartment blocks that offer the best return on investment. Furthermore, sales agents will usually bring silent sales to buyer’s agents because they know they are serious about purchasing.
Good buyer’s agents have a robust set of criteria that they use to assess whether a property is a good investment. Tapping into this expertise will help you secure a property that fulfills your brief at a fair price which is preferable to buying a ‘cheap’ place with major flaws. Good properties will always fetch a premium and a buyer’s agent helps you focus on the things that matter.
So, when you enlist a buyer’s agent, you’re not just investing in time-savings. You’re also gaining access to experience, knowledge, and very important industry connections.
3. We know how to negotiate
Negotiation is a skill that develops with use.
Buyer’s agents are professional negotiators who buy property regularly, often weekly.
That means that we would, at a minimum, negotiate the price of 50 properties a year.
As such, we have developed the tactics and emotional detachment necessary for a successful bid, very often managing to conduct the purchase without the volatility of an auction.
Final word
Finally, I want to stress that there is never a guarantee a Buyer’s Agent will be able to purchase the property you want for less money. However, we have consistently been able to secure the property for less money than our clients would have been willing to pay.
Another important factor is saving you the cost that comes with overpaying or buying the wrong property.
By finding you a property that grows at a rate of 8% rather than 6%, a buyer’s agent will actually make you hundreds of thousands dollars over a lifetime. With the right property, the buyer’s agent’s fee will repay itself many times over.
Most people spent their life working hard to increase their income. But as we all know, “it’s not what you earn, it’s what you do with it, and how you invest it“ that really counts. Not everyone has the time, expertise or motivation to put their money to work properly. So they just work themselves hard instead.
If this sounds familiar to you, you probably need some help. As our name suggests, Search Find Invest will help you build your property portfolio with quality growth assets. Over time, this asset base will create you wealth; it will work hard for you, earn you an income, and provide for a secure future.
That depends a lot on your individual circumstances and personal goals. Both new and existing properties have their advantages. Ultimately, owning an investment property(s) is the same as running a business, and successful investors understand to treat it as such.
This means that each investment opportunity must be scrutinized with the bottom line in mind. We use advanced market analysis tools and software to examine each type of property, and help you determine the best investment for your individual needs. This takes the emotion and guesswork out of the picture, leaving you with bottom line numbers. This makes the decision much easier for you to make.
A Buyers Agent acts exclusively for the Buyer. We work hard for you to get you the best result possible with your purchase.
We will sit down with you and learn exactly what service you need from us, then explain how we will work and which fees are applicable for this service.
We make sure you fully understand and are satisfied before you actually engage us.
We do have a city office; however we find that visiting you in your environment is easier for you, so we actually prefer to visit you, at a time most convenient to you also.
When you buy a new property you would expect to have far fewer maintenance issues than with an older property. Where there are issues with new properties, it is likely that they will be covered by the builder's warranty for a number of years. You also have far greater depreciation aspects.
Well located and well bought existing properties that are well maintained can also be great investments. Doing a well-planned renovation can greatly increase the cash flow and value also, making existing properties even better investments.
It will depend on your personal situation, and most importantly, the bottom line return that each asset will deliver. We base our recommendations on actual figures, rather than emotion or guesswork.
Definitely! A good property manager will look after all this. Tell them what you expect of them and keep a close eye on what they do. If you need help, we deal with some experienced and reliable property managers and can introduce them to you.
Our Buyers Agency service will help you. They will;
Yes we can! You can choose to have us handle the entire process for you, or simply the sections you need help with. Our Buyers Agent services and fees will always be adapted to your requirements.
Absolutely! We will find out from you what is your dream home, and work tirelessly to get it for you, at the best possible price and with your most suitable terms.
What you mean is that you have no cash deposit. Cash is not really necessary when you have equity in your own home.
Having sufficient assets against which to borrow is all that is required and in this way, you can borrow the full amount plus all the additional costs. Finance your investment property with an investment property loan that is affordable with manageable repayments.
If you have owned your own home for a few years, you will have built up quite a bit of equity in your property. You will have paid off some of the loan, and there's a good chance that your property has increased in value too.
Instead of finding a cash deposit, the Bank/Lender (subject to approvals) will allow you to use the equity built up in your home as security on your investment property.
It is the compounding effect of property values, which is so powerful. As each year passes growth occurs on top of growth.
If a property is worth $500,000 today and next year it increases in value to $535,000, then the year after that if it increases at 7% again the value will be $572,000, which is $535,000 plus 7% (or $37,000) and on goes the escalation. Its exponential growth accelerating at a faster rate as each year passes.
It is a little like planting a tree. Early growth is slow, but as it establishes itself it grows faster, and starts to fruit. The fruit drops, and more trees grow and start bearing fruit. Over time, you will have an orchard.
It is a similar kind of compounding effect with property. Property wealth creation comes slowly at first, but eventually arrives in abundance. You have to make a start, no matter how small.
With prudent property investment all that you need is the right information, the right structure, time and patience.
Yes they do. Property is no different to other markets that go up and down with supply and demand and the desire (or need) of particular vendors to sell quickly.
The good news is that property is not as volatile as some other markets and even though values may pull back a little for a while they often tend to stabilise rather quickly. The other point here is that if you don't need to sell at that time, it won't really affect you.
Some of the types of properties we advocate are in regions with massive government spending and intrinsic value through mining, infrastructure, industry and development. This is the biggest sector of the market. This is the sector that experiences the smallest impact in an economic downturn.
It's the top end of the market that gets hit first because tenants scale back their accommodation expenses in a financial squeeze and look for something cheaper. That means that the demand for average properties actually increases!
They may not be as glamorous as some of the higher priced properties but they are certainly more solid and predictable and you can own more average properties for the same investment that you would need at the top end of the market.
Diversifying your risk with several average priced properties will hold you in good stead should a tenant vacate on one of your properties, the others will still bring in income until you fill the vacant property.
Our finance experts will ensure they set you up with a financial buffer to see you through any lean times. They will also present a range of insurance options to cover you for anything longer term. These can be structured and funded so they will have no effect on your personal cash flow.
Yes we've heard these horror stories too, however we believe the key to stress free property management is good tenant selection, firm property management and insurance.
If you (or your property manager) check out your tenants past history, check up on their references and generally interview them, you will usually sort them out fairly quickly.
The next key to success in this area is to carry out regular property inspections as often as permitted by law (or have you manager report to you in depth). If your tenants do not look after your property, do not pay the rent on time, or cause lots of complaints, it's time to be firm and move them on. Just to make sure that you have taken every other precaution, you need to insure the property and recognise that if things go wrong, you can always fall back on your insurance.
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Address: Suite 1512/83 Spring Street Bondi Junction 2022
Postal Address: PO Box 2192 Bondi Junction NSW, 1355
Telephone: 1300 132 970
E-mail: info@searchfindinvest.com.au
