On working smart: The top 5 reasons why Aussie investors use buyer’s agents
As property investors grow their portfolios, arming themselves with the right tools trumps learning every nook and cranny of the real estate business all by themselves.
This year, InvestorKit partnered with Smart Property Investment and Agile Market Intelligence to capture an up-to-date picture of Aussie investors’ perception of how to make it in the property investment arena. Through the Buying with Confidence report, the agency aims to propel buyers towards steady growth in their investment journeys.
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If you’re on the fence about tapping the assistance of a buyer’s agent, hearing from investors who have already decided on using or have used buyer’s agents can help you decide.
1. Making the right investment decision
Full-service buyer’s agents take responsibility for the investment process way before any negotiations commence. They conduct market research and due diligence to get you the best deals and run them against your goals and current investment capacity.
Hence, it isn’t unexpected that the topmost reason for using a buyer’s agent is getting their money’s worth and making the right investment decision. In particular, 64 per cent of current and future agency users believe that paying for such services can get them the most bang for their buck.
2. Streamlining the process
Buyer’s agents have the knowledge and experience to scout for the best properties according to investor preferences and clinch them.
Hence, next to making the best investment decision, another top motivator for investors to use buyer’s agents is the opportunity to streamline the process. In particular, 52 per cent believe that with whatever is in their bag of tricks, these agents can hit the gas on their investment journey and get them to their goals faster.
3. Taking over the negotiation process
Missing out on deals and overpaying are costly mistakes you wouldn’t want to make during a property purchase. For exactly one in two investors surveyed, it takes a professional who knows the ins and outs of the game to land them the best properties at their best possible price.
4. Having an expert to rely on
No matter how hard one works to avoid errors and bottlenecks, at the end of the day, buyers don’t know what they don’t know. An expert who can cover all bases gives them a solid headstart in building their asset portfolio.
According to almost one in two agent-assisted investors, having an expert they can rely on is a top reason for opting out of a do-it-yourself strategy.
5. Setting up a property investment strategy
Drafting a wealth-building blueprint requires understanding the property investment landscape and identifying relevant elements, such as capital/financing options, risk appetite and timeline.
Accounting for all these considerations can be overwhelming. This makes laying down a strategy the fifth most commonly mentioned driver for buyers to tap an agent’s assistance. In particular, three in 10 investors point to the utility of buyer’s agents in setting up an investment strategy as their reason for tapping their expertise.
Read our Buying with Confidence report to start working smarter!
