The Key To Sound Property Purchasing

If there is one thing that works heavily against sound property purchasing among homebuyers and investors, it is their emotions.

The key to making sound judgments in buying the best fit for a property portfolio is to remain objective and not to get caught up in the excitement of bidding at an auction. Don’t decide on buying a property just because the real estate agent was so helpful and nice.

How Buyer’s Agents Can Help

purchasing a house with a buyer's agent

Buyer’s agents can help in sound property purchasing. They have the potential to save the buyer thousands of dollars. This is true especially for those who know the industry thoroughly, having the experience of being selling agents too.

This is because they know the best means of finding the right types of property. Buyer’s agents know the type of stock that various real estate agencies list, they know which suburbs will be a best fit for the buyer. They also know how to negotiate on their client’s behalf which can often mean a quite significantly lower buying price.

When you have spent years negotiating the best price for the seller and then swinging across to negotiating the best price for the buyer – you have a far greater chance of negotiation success than someone who hasn’t done this task throughout their working career.

There are ‘experts’ – and then there is the real expert – something that’s quite different.

Get the Real Experts

real experts can help in sound property purchasing

Take your time to search out a buyer’s agent that has years of experience. Look for those with experience not just in real estate BUT in working as a selling agent and dealing with other agents. Finding a buyer’s agent who is well known for their integrity, knowledge, and experience over many years is essential.

Beware of those with limited experience, those who are just following trends, and those who consider being a buyer’s agent as their second job. They might have many skills but might be very limited when it comes to the overall real estate industry. 

The skills learned the hard way by being at the coal face of real estate for several decades are the ones that count.

Choose a Buyer’s Agent who is A REAL EXPERT.

Get a free consultation from us here today.

4 Hassle-Free Ways to Buy a Property

Have you been planning on buying a property in Western Australia but don’t want to go through all the hassle of searching, checking, and finding off-market properties and then doing the negotiating? Do you feel overwhelmed by all the research and assessment that you need to do to ensure that you’re making a wise decision? Are you looking for hassle-free ways to buy a property?

There are a lot of factors to consider when buying a home and to make it simple for you, we’ve listed four hassle-free ways to buy a property:

1. Figure out what you want.

different houses to choose from

The first step to buying a property is simply to figure out what you want. Do you want a house near the beach? Are schools important? Do you want to be close to the city, in an apartment, or a full block? Or maybe you want a hobby farm or just a building block? There are so many options and the only way to not get confused is to make a plan and decide on what you need and what you want to invest in.

2. Set a realistic budget.

budgeting for a house for hassle-free ways to buy a property

This might not be the first on the list but this is the most important part of your buying journey. You need to identify your budget. Although you’ve already set your heart on a certain property, the feasibility of purchasing that property would still depend if you can afford it. Assess your lifestyle. Will you be able to pay for your new house without compromising your other payables? Buying a new property should be an investment or a reward to yourself and should not let your finances suffer.

3. Research.

real estate market trends hassle-free ways to buy a property

Too many people make on-the-spot commitments only to find they should have done more research or even engaged with a third independent party like a Buyer’s Agent to walk with them through the process. 

Conduct initial research first before buying property. Is the location convenient for you? Is the house compatible with your lifestyle? How about the neighborhood, is it safe? If you have children, you might want a three-bedroom, two-bathroom home. You will be investing a large number of your funds. Make sure it’s a wise and well-thought-out plan before making the final decision. Think about your long-term plans and how this property can suit that. Be a smart buyer and plan ahead.

4. Hire an experienced buyer’s agent.

hire a buyer's agent for hassle-free ways to buy a property

The last and easiest way to buy property is to hire a trusted experienced buyer’s agent who knows your area. Buyer’s agents are experts in locating all the best available property — even off-the-market properties and bank closures. They can organize all the inspections and negotiations, analyze the special conditions of the contract to protect you, right through to the unconditional contract. They know how to ensure that you buy at the very best price. 

Buyer’s agents can help you choose the right area, making sure it’s a good location to invest in, and maybe offer better alternatives within your planned buying budget. Investing in an experienced buyer’s agent is definitely something you should consider to ensure that your buying journey is stress-free and a smooth process. 

Relax and let the experts do the work

Buying property is an exciting endeavor, however, it can be stressful if you don’t have enough experience with the process. You could be wasting a lot of precious time and energy that could be spent doing more important things like working or spending time with your family.

Do yourself a favor and let the experts do all the heavy lifting. It will save you time, energy, money, and stress from it all. For hassle-free ways to buy a property, contact the real estate professionals at Buying Perth Real Estate and get a free consultation.

Buyer’s Agent vs. Real Estate Agent

Do you often get confused about different terms regarding real estate? For example, there are real estate agents, buyer’s agents, and brokers. Do you know the difference between each type of agent? If you’re looking for a property to purchase, would you know who to call?

The agent you need for your real estate transaction would depend on your objective. You can choose between a Buyer’s Agent and a Real Estate Agent to help you. Here are the differences between the two types of agents:

Real Estate Agent

real estate agent showing a house to buyers

A real estate agent, otherwise called the listing agent, represents the home seller. The seller pays them and they have a legal responsibility to get the maximum price possible for the seller. They do not work for the buyer. Real estate agents are in charge of putting up the property on the market, looking for buyers, and conducting open houses. They are also in charge of negotiations for the home seller, closing the deals, and beyond. 

If you are a homebuyer and have already decided on buying a specific property, you can directly reach out to the real estate agent of that property. The real estate agent will then review your offer and can close the deal once you’ve agreed on everything.

Do you need a real estate agent to sell your property? It’s not required to have a real estate agent to sell your property, but it has its advantages. For one, they’ll have more connections and contacts and will be able to market your property to a wider range of audiences. You’ll have someone to guide you, the property owner, through the whole home selling process and help make it smooth and stress-free.

Buyer’s Agent

buyer's agent

On the other hand, if you only have an idea of what type of property you want and what you need for your new home, it would be best to contact a Buyer’s Agent. As a real estate professional, the buyer’s agent will help you find the perfect property that will fit your needs – regardless of who is selling them. Buyer’s agents will work only for you. The selling agents do not pay them. They are engaged by you and work in your best interests at all times.

The buyer’s agent will do the leg work and research for possible properties that checks all your requirements. Based on your preferences, the buyer’s agent will provide you with recommendations for different properties. 

In choosing the shortlisted properties, the buyer’s agents will base it on hard facts and market data. With this, they will also be able to help you decide on an offer that will put you at an advantage over other buyers. 

Since the buyer’s agent represents the buyer, he/she should also ensure that you are not paying too much. Once you’ve chosen a property, the agent will negotiate with the seller so you can get the best deal and terms. They will also take care of all requirements and assistance that you may need in purchasing the property. This includes selection, research, negotiation, Special conditions to the contract to protect you, right through to unconditional contract. 

Who should you call?

Knowing who to call for your real estate transaction, whether buying or selling, will save you from a lot of hassle. So given all the information, do you already know who to call?

If you are planning to buy a new home in Perth, feel free to reach out to the Buyer’s Agents at Buying Perth Real Estate. We’ll listen to your criteria and help you find the best option. Get a free consultation at https://buyingperthrealestate.com/buyers-agent/

Why You Should Buy A Retirement Home Sooner than Later

What do you plan to do after you retire? Is moving to another community and getting a new home part of your retirement plans? If yes, when do you plan to do it? 

You don’t need to wait until after you retire before you buy a retirement home. Below are some of the benefits of buying a retirement home sooner:

1. It’s an investment opportunity.

If you’re still in the workforce and do not plan on retiring anytime soon, you might think that you don’t need to worry about your retirement home yet. But purchasing early has numerous advantages. If prices of Perth real estate property start to rise to around 5-7% each year. With property prices at today’s current level, this is the time to make your move. 

Although you might not be able to move in yet, by buying now you can use it as an investment. You can use it as a vacation home. You can even rent it out; therefore, generating additional income for you.

2. It is easier to get approved for a mortgage while you are still fully employed.

Employment status is one of the factors that lenders consider for those who apply for a mortgage. They prefer to work with borrowers who have a steady salary as they feel more secure with them. Having a stable income means the borrower is capable of paying the mortgage on time.
When you apply for a mortgage after you retire, they will also look at your debt levels and assess your credit score — which leads us to our next point.

Employment status is one of the factors that lenders consider for those who apply for a mortgage. They prefer to work with borrowers who have a steady salary as they feel more secure with them. Having a stable income means the borrower is capable of paying the mortgage on time.
When you apply for a mortgage after you retire, they will also look at your debt levels and assess your credit score — which leads us to our next point.

3. You can work on your credit score.

When you plan early, you will have more time to pay off your debts. As a result, you can maintain a good credit score. Having a high credit score will help you get a good deal when applying for a loan for your new home. You will be more eligible for a lower interest rate.

Start early with being conscious about your credit score. Be mindful of your financial behaviors — pay your bills on time, avoid spending beyond your means, and clear your debts. Then, make sure to maintain your credit score even after you retire. When you retire, your income will decrease. With this, make sure to adjust your expenses and lifestyle.

4. It will give you more time to save up.

The sacrifices you will do for saving up early will benefit you in the long run. You will have more money to afford a bigger deposit; hence, lessening your monthly mortgage payments. You can also use your savings for future renovations or upgrades for your new home or even to make your home interior design dreams come true.

Buying a new home is a big move that requires a lot of planning and saving up, especially if it’s for your retirement. You need to give yourself enough time to plan as this will be where you will be settling down when you grow old. It is the place where you will spend your later years in life. You will spend all your time there so it is best to think about it carefully and decide on the lifestyle you want to have for the rest of your life.

Do you already have an idea of your dream retirement home but don’t know where to start? Planning to buy a retirement home? Let us help you turn those dreams into reality. Reach out to the buyer’s agents at Buying Perth Real Estate by sending an email to clive@buyingperthrealestate.com or check out our website.

A Sad Haircut

The Barber I’ve been going to for the last decade has closed its doors, so I had to look around for someone else that was close to home and would do a good job.

After searching Google, I found someone within three minutes from home.

I rang. It was an Italian voice on the phone saying, “yes, come around straight away”.

It turns out that he had only been operating the business for seven months. As I walked in, I noticed that he was open seven days a week and it seemed as though he was the only one there.

It turns out that he had been working for some else for the last fifteen years and thought it was time to launch out on his own—a bold move.

It turns out that he paid $50,000 too much for his premises and was stitched up with a bank loan at 7.5% interest.

He thinks he did well. 

If he had used me as a buyer’s agent, I could have told him that the property he bought had been on the market for nearly two and a half years and they would have sold it at a heavily discounted price if it had been negotiated strongly.

I also would have been able to set him up with a 4.5% commercial loan through a broker/s with integrity. And he would have paid it off in ten years instead of sixteen without having to work seven days a week.

Buyer’s agents are not well known in Perth, and it is disappointing that hard-working buyers don’t know that we exist and could be securing a much better deal than they can by doing it alone.

It is for this reason that I choose to spend my time as a buyer’s agent looking after time-poor people who have limited knowledge of the market, and want someone to negotiate the best price for them and set up their finance in the best way.

Next time you’re thinking of purchasing a property, allow me to represent you as a Buyers Agent. I can help in selecting your property and negotiate the best deal for you. I’ll help make your property purchase stress-free and, quite likely, save you a bunch of money.         

https://buyingperthrealestate.com/buyers-agent/

PS. It was a great haircut!