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Does anyone have experience in dealing with a Buyers advocate?

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Julian Ash | 07 Oct 2014, 01:24 PM Agree 0
Hi, I am seriously considering engaging the services of a Buyers advocate. I currently have 2 properties but I am unsure if I am on the right track.
I fell if I engage an expert it will give me a better chance of purchasing the correct property and assisting with my strategy.
  • Richard | 09 Oct 2014, 03:08 PM Agree 0
    Hi Julian

    I am in the exact same position and keen to read any advice that your post generates. I am also not sure where to access a genuine buyers advocate or investment advisor.

  • YIP Publisher | 29 Oct 2014, 09:26 AM Agree 0
    Hi guys. Have a look at the Buyers Agents that are members of REBAA (Real Estate Buyers Agents Association of Australia).
  • | 10 Nov 2014, 07:43 PM Agree 0
    Hi guys,
    My husband and I were in the same position of needing assistance with our property investment strategy. We researched that many property investment advisors, until we came across Rixon Property Group Australia. The consultant assisted us in selecting a property best suited for us and developing an investment strategy in expanding our portfolio further. Not only did he advocate on our behalf but kept us updated throughout the entire process. We were especially impressed by how quickly we got tenants into our property with no fuss at all.
    We are on our third property investment with Rixon Property Group and we can't vouch for them enough.
    I hope this review was helpful and good luck!
  • | 14 Nov 2014, 09:16 AM Agree 1
    Hi Julian and Richard,
    It is important to distinguish between a Buyers Agent licensed by your state govt. and work 100% for you, and property marketers who are often paid sell of new apartments or developers.
    We at Strategic Buyers Agents are licensed, based in Melbourne and with members of our Strategic Alliance in Sydney and Brisbane.

  • Scammer protector | 23 Nov 2014, 07:12 PM Agree 0
    Run away from these types of companies they take fat commissions and often overstate values and rental returns. Go direct to a local project builder and they can work with real estate agents or land developers to find you a site. You will save thousands.
    <edited> I am a builder and we have had these developers broker deals with us in the past. They take our retail price and ad fat commissions it is not hard to do it all yourself and builders and local realestate agents can help.
  • cas | 09 Feb 2015, 12:55 PM Agree 0
    no reply but I need some advise has anyone ever dealt with Core property advisory
    • Disappointed Client | 09 May 2016, 01:02 PM Agree 0
      I have bad core experience with Core Property Advisory.
      The negotiated price from Core Property Advisory are generally more expensive that the actual market price. They do not bother explaining the hidden fees upfront, and they can be quite quite pushy. I would advice seeking alternatives.
  • StIves buyer | 19 Feb 2015, 10:48 AM Agree 0
    I used someone called Hylton John a few years back. He broke the Auctioneer's rhythm, asked bidders to identify themselves and took all the stress out of the process for me. I was new to the whole auction process in any event, so for my needs - great having one
  • ElisaT | 20 Feb 2015, 04:15 PM Agree 0
    Property buyers are the same as any other business, they can be a fantastic resource but you need to do your research check them out, reviews are always a good place to start, talk to them and in the end go with your instincts.

    I have seen clients get some fantastic deals using property buyers and others where we have seen a rather complacent approach.
  • Cyrus | 24 Feb 2015, 05:06 AM Agree 0
    Try Wakelin, Monique Wakelin is good and they are reliable.
  • NeoChats | 25 Feb 2015, 09:02 AM Agree 0
    Hi Julian

    A buyers agent can really help you save time. However, be careful as most buyers agents only focus on their area of expertise. Ie. They may only be focussed on the North Shore, or the Eastern Suburbs, or the CBD. Yes, and the property specialists that just earn fat commissions are not looking out for your interests.

    Pick an agent that can really help provide you with some feedback on the specific properties that you choose. An agent that has the skill to look at properties in different areas and across different property strategies.

    Some buyers agents are only paid for properties they find for you. The fact that you have already found your properties means you need to find an agent that offers the service of helping you, if you have already found the property.
  • | 25 Mar 2015, 04:57 PM Agree 0
    Does anybody have any experience with Maxi Own?
  • Gina | 20 Apr 2015, 08:56 AM Agree 0
    Generally, a buyers agent helps you find property within your specifications. The fact that you have already bought a few properties and your questions indicate you are looking for assistance with setting your property vision pathway or a property plan over several years.

    Think of every property you purchase as having a domino effect on the rest of your wealth creation portfolio. You need to consult someone that can give you guidance on how to set up a plan of a few properties that can be purchased within your capacity based on your unique circumstances today and over the next few years. They also need to help you ensure the next purchase in your property vision pathway is a powerful anchor to maximise your ability to implement your overall property plan.

    Someone who can educate you on all the property strategies available to you, mentor you through your property journey and also has experience in property due diligence and search would be ideal.
    • Jaish | 13 May 2016, 06:14 PM Agree 0
      What you said resonates with me and aligns with what I'm looking for in a buyers agent. Have you had positive experiences with any in particular?
  • phileosofos | 27 Apr 2015, 04:48 AM Agree 0
  • the property guy | 13 Jul 2016, 05:07 PM Agree 0
    It is super important to ensure that a company whose services you engage are researched based. Many are in the pocket of the developer and the builder which means even if they don't have THE BEST OPTION FOR YOU, they must still sell the property to make money.
  • Roshani | 17 Aug 2016, 03:37 PM Agree 0
    Like they say it is good to identify between the 3 type of property professionals
    1) The Salesman - who sells property for the seller and you know they are there to sell the property
    2) The Spruiker - who masquerades as the 'property advisor' and tries to flog off the plan and newly developed houses away from the main city centers. They even give you rental guarantees at times so it would be good to do your due diligence as to the demand in the area after the rental guarantees expire.
    3) The Advisor - A specialist who works for the buyer and provides independent and unbiased advice on the pros and cons of a potential investment property and will provide you at least 3 properties that you can choose from.

    It is worth paying for good advice before putting $400K into someone's pocket.
  • Roshani | 17 Aug 2016, 03:39 PM Agree 0
    The second one is certainly not a professional. Just wanted to point that out in my previous statement.
  • | 09 Sep 2016, 03:56 PM Agree 0
    I feel and understand your frustrations. Distinguishing between whether they are buyer's agent or a marketing professional is absolutely key and unfortunately for many this is easier said than done.

    I've engaged the services of a buyer's agent - after some serious hunting around. Throughout my investing journey I've looked at the services of all sorts - financial planners, agents, mentors etc. etc. and many of them either were't offering what I needed OR were only interested in taking your dollars (i.e. they were either the salesman, spruiker or advisor).

    I've FINALLY found the services of a buyer's agent and I can't be happier with the outcome. Definitely worth it.

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