Investing in Residential Real Estate is one of the easiest ways to build long term wealth and financial security but, like most investments, it doesn’t come without its risks. Buying a home to live in and buying an Investment Property are two very different purchases. Choosing a home in which to live and potentially raise a family is typically a very emotional purchase where the decision is made factoring in many variables which will impact your quality of life. These variables can include proximity to infrastructure such as transport, schools, shopping centres, employment and quite often the visual appeal of the home is a considerable factor.
While these variables also come into play with an Investment property and are factors potential tenants will take into account, as the owner of an Investment property other factors are equally, if not, more important. Rental returns, vacancy rates, timing of the property cycle, maintenance requirements, body corporate fees, finance options etc are just some of the additional considerations which need to be carefully thought through when making a wise purchase of an Investment property.
The team at PPA can help you navigate your way through all of these factors to ensure you purchase the right property in the right location at the right time to ensure the maximum possible return on your investment.
Other reasons to use Buyer’s Agents include:
- Lack of experience in buying property
- Inability to effectively negotiate the best price
- Time poor
- A desire to NOT deal with real estate agents
- Not knowing the area well
- Wanting to outsource the entire process to an expert
- A desire for confidentiality
- Wanting to also be able to access properties which are Off Market
We charge a flat fee of $5900 + GST.
This is broken down into two payments which are the Commencement Fee of $990 inc GST and the Completion Fee of $5500 inc GST.
The Commencement Fee is paid upfront and then triggers the Discovery Call which is a 60 minute call with the client. This is where we provide all the data and information about the regions, towns, projects, growth, vacancy rates and a host of other critical information and research so clients are able to better understand why we are focussing on these particular towns and not others.
An important part of the Discovery Call is to establish our Buying Criteria and what characteristics the property needs to have. Are we looking for something with “Added Value” opportunities ( Sub Division – Granny Flat – Second Dwelling – Cosmetic Renovation ) or are we wanting something more recently renovated where its more of a set and forget investment with nothing more to do except collect the rent ?
We will show our clients as many properties as we need to until we find them the right one that ticks all the boxes and meets the full specifications of the Buying Criteria we have established.
It’s only when we have found the right property, negotiated the best price, organised and then reviewed the Building and Pest Inspection report, sorted out any minor repairs which might be needed and found the very best tenants at the best current market rates, after all that is done, the balance of the fee is paid.
So, to be clear, if we cant find clients the very best deals in a town they love, then no one is going to buy anything and we wont get paid.
This puts the clients in control and forces a win – win scenario for all parties.
We have a comprehensive list of FAQ’s in our “ We Buy Under $200K “ E-book which can be downloaded from the Resources tab.