What is a buyer’s agent?
Using a buyer’s agent is becoming increasing popular. They are registered real estate agents who act in the best interest of the buyer rather than seller. At the most basic level they locate properties that are likely to meet a buyer’s needs. But many go further, negotiating with the vendor on price, or bidding on behalf of the buyer at auction. Some will even arrange the settlement.
Pros and cons of hiring a buyers agent
The advantages of a buyers’ agent is that they help people who are time poor or who may be overwhelmed by the whole property purchasing experience. They tend to be concentrated in the capital cities where the choice of properties and the competition for them can be daunting. They may also have access to properties that aren’t advertised. The fees buyers’ agents charge typically range between 1% and 2% of the purchase price. A buyers’ agent can be particularly useful when confronting the emotional stress of buying your own home. But they might not be as useful when it comes to buying an investment property. It can be easier and more cost-effective to use a property investment service like Pfeiffer Property.
What’s the difference between a buyers agent vs a property investment advisor?
Buyers Agent Fees vs Property Investment Service
The most obvious difference is that Pfeiffer Property doesn’t charge you a fee. We deal with experienced and trusted wholesale builders and developers who don’t deal directly with the public. Instead of spending money on expensive marketing campaigns and display homes, they pay us a fee for bringing customers to them.
Why is a property investment service different to hiring a buyers agent?
The service we offer also goes much further than just choosing, buying and settling on a property. We look at every aspect of your investment process. We help you to formulate financial goals and to work out the effect an investment property will have on your lifestyle.
A further advantage of dealing with Pfeiffer Property is our trusted network of client focused accountants, lawyers, property managers, financial planners, quantity surveyors and mortgage brokers. They will help you to minimise the stress and costs of holding the investment while maximising the gain. Unlike buyers’ agents, who tend to work in a single region, our property investment service gives you access to properties Australia-wide. This is important because different cities are often at different stages of the property cycle and that can make a huge difference, both to the affordability of your investment and the long-term capital gain.
Currently, it’s wiser and certainly more affordable to invest in Perth as opposed to Sydney property.
If you are looking to buy yourself a home then a buyers’ agent is certainly worth considering. But if you are looking to invest in property, you’re better off talking to us.
