Do I need a Buyers Agent? - searchpartyproperty

Do I need a Buyers Agent?

As professional buyers agents, we are often asked whether our services are actually required. Anyone can find and secure their own properties, and there are plenty of investors who have succeeded without professional support. So, why do you need our help?

While you do not need a buyers agent to be successful, a good one will make the process a lot easier. From doing the market research to negotiating the sale, we can save you a lot of time and effort. We can also act as a sounding board, helping you make decisions and keeping you focused on your goals.

What a buyers agent does

When asked to describe what a buyers agent does, most people would probably say attend inspections and liaise with the agent. Some may also note that they help the buyer secure the property, including bidding on their behalf at auction. While this is all true, the greatest value we provide comes from the other, less obvious, things we do.

For example, more than simply inspecting a property, a buyers agent should provide a detailed report on its investment potential. This should include details of the estimated rental yield, projected capital growth, a ten year cashflow analysis and any tax benefits (i.e. a depreciation schedule). They should also arrange building and pest inspections on any property you are seriously considering and identify any renovation work required.

In addition to saving you time, all of this should help you make an informed, strategic investment decision. It should help you to put aside your own emotional reaction to a property and focus on the numbers. It should also help you plan favourable purchase terms, based on economics (rather than what you can afford).

Most importantly, a good buyers agent should be a partner in your property investment journey. They will help you understand your motivations and set your strategy. They will also help you to stay focused on your goals and push you to keep making progress.

As part of this, a buyers agent should help you develop your own knowledge and skills. They should support you to move beyond a transactional investment approach to one that focuses on long term growth. They should also share their market knowledge and insight, empowering you to make your own decisions.

The Search Party Property difference

At Search Party Property, we like to say our job is simple – finding and securing great investment properties. However, what we do is a little more complicated than that.

We believe that, more than anything else, investing is a numbers game. We know that, by doing our research and carefully considering our options, we should be able to maximise your returns. We also know that, by drawing data from multiple sources, we can develop the clearest possible picture of a property’s investment potential.

That being said, we also understand that investing can be a highly personal experience. We know that every investor’s situation is different – they have their own goals, motivations, and preferred path to success.

That is why, when you work with us, we take the time to get to know you and what you want to achieve. We specialise in developing tailored investment strategies and will work with you to come up with a suitable plan of attack. We also regularly reassess our strategies, making sure they are still fit for purpose and delivering the desired results.

Want more information on our services and how we can help you on your investment journey? Luke (our Founder) and Julian (our Director) are always happy to have a chat – book some time with them today.