Buying your first investment property
September 21, 2022Strata fees and your investment
September 23, 2022Investing in property can be complicated, stressful, and expensive if you don’t know what you’re doing. Luckily, there are experienced buyer’s agents who know everything there is to know about the Adelaide property market and will lead you through the process to make sure you get the best deal possible. If you’re in the market for an investment property here in Adelaide, or if you want to learn more about what it takes to invest, read on to find out why engaging a local buyer’s agent is a smart idea.
1) A local buyer’s agent will save you time and money
Fear of overpaying for a property is the most common fear and concern for many aspiring investors. Using a local buyer’s agent will bring an objective view of which homes have great investment potential and represent good value for money and quickly omit those that don’t. They can also negotiate on your behalf, making sure that you get the best deal possible.
2) Working with a buyer’s agent increases the probability of you finding a property that will outperform the market
A local buyer’s agent who knows the Adelaide market will be able to point out up and coming hot spots in that might not have been on your radar. An experienced investor will also be able to identify which properties within these areas are likely to make a great investment.
3) A professional buyer’s agent will help you avoid buying a lemon
An experienced buyer’s agent understands the Adelaide market and it’s cycles. While some areas might appear to have great rent appeal, they mightn’t have much capital growth potential. A great buyer’s agent also understands the marketing tricks and traps often used by real estate agents to get buyers paying top dollar for very average homes.
4) Experienced negotiators are more successful at securing homes below market price
Some property investors are tempted to save money by negotiating on their own, but experienced negotiators are often more successful at securing homes below market price. A great buyer’s agent can accurately estimate the market value of a home and are not distracted by an emotional attachment when negotiating on the purchase price.
5) A good buyer’s agent will have access to more properties than you will on your own
If you’re looking to invest in Adelaide, chances are you only know about the homes which are currently listed on the various real estate portals (like realestate.com.au). A local buyer’s agent however, will have established relationships with loads of real estate agents and can help you to find off-market opportunities.
Need help buying an investment property in Adelaide?
As you can imagine, buying an investment property is not always as easy as it looks, especially if you are doing it for the first time. The process can be overwhelming and confusing, which is why you need someone who will help you find the perfect property and act on your behalf every step of the way. At Rosie & Rosie, we’re here to provide that advice and guidance when it comes to purchasing your next investment property. Contact us now for more information about our services. We’d love to help!