Why use usProperty investors engage Plum Property Buyers' Agency for a variety of reasons, depending on their individual circumstances. Do any of the following apply to you? - Access to research material: The key to buying the best property is research. Plum Property has access to property market data (some of it via exclusive database subscriptions), and extensive industry contacts. Access to this information enables us to provide our buyers with the best possible information about market conditions, target markets, growth projections and specific properties, which helps to determine more accurate property valuations. Do you have access to sufficient property market data to do all your own due diligence and make wise decisions by yourself?
- Time saving: Some people use Plum Property because they are too busy to do all the reading, research, inspections and negotiations. They choose to outsource much of this work to us, in the same way that you might outsource a lot of the detailed research work to a stockbroker before buying shares. Can you justify using your spare time to do all this work yourself, when someone else is available who might do a better job?
- The right price: When you buy a property there is always a risk of paying too much. Most buyers increase that risk by negotiating directly with a Real Estate Agent who is trying to get the best possible deal for the seller. Sometimes it is desirable to protect the buyer from making impulsive or emotional decisions. Other times it is simply a matter of utilising a professional negotiator who has specific expertise and is frequently buying property. The right price is determined by recent comparable sales in the area, not the seller's asking price, and we have access to data on all historical sales in areas where we recommend property. Do you feel that you are experienced enough as a property buyer to negotiate the best possible deal?
- Diversification: A fundamental objective of any sound investment strategy is to diversify the portfolio and we can help you to achieve geographical diversification, where the risks of the market falling in one region are balanced across a number of other regions. Is your property investment portfolio balanced across different markets? Are you confident that you can invest in other regions without assistance?
- Drive-By Syndrome: One of the most common mistakes investors make is to only invest in their local area, partly because they are familiar with it, but also because it makes them feel secure to be able to drive by and see the property that they own. Whilst this makes them feel good, it usually results in a poor financial outcome compared with a proper investment strategy that evaluates all the options. Are you stuck in your local comfort zone when it comes to targeting property?
- Distance: For many people it is simply not practical to visit distant regions to evaluate properties and negotiate the purchase, so they are restricted to buying in their local area. The logical solution to this problem is to use Plum Property because we have knowledge of the target region, and can provide you with access to attractive opportunities which otherwise would be out of reach. Does it make sense for you to search for investments in remote locations when someone else has the time to do it properly?
- One stop shop: Our group can provide you with all the services you require to purchase investment properties, including access to loan finance, accounting services and ongoing tenant management. Do you already have relationships with reputable and trusted suppliers of property related services?
- Confidence: The Australian Property Investor magazine (November 2005) interviewed a young couple who were using a buyers' agent to buy their first few investment properties. They said "If you're nervous about doing it on your own, use a buyers' agent until you feel comfortable. For the reassurance and peace of mind it's worth every cent." Do you feel confident about buying investment properties without assistance?
- Rich, famous or private: Many people don't want their identity revealed when they are investing in property. They may wish to avoid publicity, or they may think that if the seller knows who they are the price will go up. Whatever the reason, we will respect your privacy and act as your confidential "go-between". Do you have any reason to remain anonymous?
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