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Just because you have a license doesn’t mean you can drive

Melbourne Buyers Agent. Just because you have a license doesn’t mean you can drive

 

The property market is a talking point for the vast majority of Australians. The main reason being, that we are all in it in some way, shape or form.  Whether it be as homeowners, investors, soon to be homeowners or renters.  This could be the reason the Buyer Advocacy industry is abundant with new businesses in recent years.  This to me, as the owner of a Buyer and Vendor Advocacy business is of interest and is also becoming a concern. 

Buying a property whether it be a home or investment is a huge decision and should not be entered into lightly.  There are various important steps that you need to consider before coming to your final decision - borrowing, financial planning, tax, budgeting, property management (for investors) and whether or not to engage professional help to buy your property. 

The concern comes not from the new businesses opening, I was once a new business owner and encourage healthy competition.  Rather it comes from the inexperienced Buyer’s Advocates opening businesses. A high level of hands on property buying experience is required to successfully navigate the intricacies of selecting, researching and negotiating the purchase of a property on behalf of a client.  Completing a short course in Buyer Advocacy is just not enough to take on the responsibility of spending hundreds of thousands of client’s dollars. 

The short courses tend to be focused on marketing and lead generation and pay less attention to the major function of a Buyer’s Advocate which is professional asset selection and negotiation.  Inexperienced Buyer’s Agent’s are essentially gambling their client’s money during their ‘training wheel’ phase.  For those Buyer’s Advocates who have been working in the industry as an employee then this is not a concern, as they have the ‘hours on the board’ to be able to transact in the best interest of their client. What can seem like small details of a property transaction can be costly mistakes if not handled correctly.  

Our team at The Property Bureau have 25 years of PURE Buyer and Vendor Advocacy experience and together we have transacted thousands of properties in Melbourne in all stages of the property cycle.  We have 70 years of combined real estate experience ranging from sales, residential and commercial property management, property development and Owner’s Corporation management. There isn’t much we haven’t seen and helped our clients through over the years. 

When considering which Buyer’s Agent to engage it makes sense to draw on a company that has years of experience to give yourself assurance that your acquisition is handled with due care and professionalism.  Do not just rely on google or social media when choosing your advocate - speak to friends/family, read reviews, meet with company you are considering engaging face to face and interview them to make sure you are comfortable with the people who will be spending your hundreds of thousands of hard-earned dollars.  If mistakes are made, you may not get a second chance to try again. 

For professional and experience Buyer and Vendor Advocacy, speak to our team at The Property Bureau on +61 3 9018 7870.

 

 

 

About the author

Kristy prides herself on making her clients feel welcome, understood and in safe hands from their very first meeting.  Her 16 years of residential and commercial experience in the Melbourne property market has taught her to ensure every ‘i’ is dotted and ‘t’ crossed and how imperative this is when transacting property. 

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