All Topics / Help Needed! / Career Question: Buyers Agent vs Valuer
Hi everyone,
I need some help/opinions so I thought I'd ask the forum and gather your thoughts.
I am currently working as a trainee valuer, but working solely on auditing rating and taxing (which I don't find terribly exciting). My real interest in property is to learn more about investing in residential property so that I can do that myself by finding deals and one day build up my own portfolio. I chose valuations to learn more about the 'nuts and bolts' of property and essentially, to give me better knowledge to invest…..however, I know that there are buyers agents out there who work either solely or mostly for investors and develop a strategy for them to build their portfolio.
My question is, what real estate career would best give me the experience or ability to be a better property investor? A residential valuer? A buyers agent?
Please let me know your thoughts and if you can recommend anyone in Sydney with the focus on the investment side of things as opposed to finding people 'homes to live in.
Cheers
I think you might as well do the full real estate licencee course in you are thinking of being a buyers agent. it is only a little bit longer but would open up much more opportunities. Bigger money too I would think. It is also good that you are getting some experience in a valuer firm as you can see how things are done. Getting some real estate experience would be great too,
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Contrary to Terry's comments, valuers are highly sought after and there is a vast shortage of qualified valuers. Why restrict yourself to residential (you are only limited until you get suitable experience in each field) eg commercial, specialist retail valuer, special property (eg telco, leasehold, marinas, natural resources, plant and machinery etc)? There is little money to be made as a res valuer (great and important training ground) however there is a vast variety of work available in commercial offices leveraging off the val skills learnt to become property/asset managers, analysts for property trusts and a wide variety of other roles. Most val courses (degree) are 4 years and qualify for API membership (essential for recognition).
Suss out the careers section of the API website for more opportunities.
Thanks for your response guys.
Scott, I definitely understand that valuers are in short supply and I don't want to sell myself short. What I am really referring to however, is which is better to help with being a better investor or helping you more in regards of knowledge and skill to being a better investor….valuer or buyers agent???
RR, I am a strong believer that a professional background which is gained by well rounded training and through structured learning as opposed to a short 'ends justifies the means' sales course will provide you with the financial nouse and understanding that you seek. Short courses & in-house agency based training may give you glimpses into property dynamics however structured learning in property economics (although more time consuming) will give you indepth knowledge, research skills, curiosity etc to benefit your clients in a more tailored fashion ie you will understand what you are spruiking, know what is a good deal and one to walk away from based on knowledge not instinct & trial and error.
Real Estate sales people have a great reputation (just watch ACA etc), rarely does a professional like a valuer get such a media hammering (usually only when you are appearing as an expert witness justifying someone elses valuation of a $50M of a development).
RR, as you have given your thread a bump, I'll give you the opposing view to SNM.
I would agree that as SNM intimates, Real estate Agents do have a bad name to some extent (and for justifiable reasons), the same can be said for Plumbers, Mechanics, Doctors, Dentists and just about any other industry that you care to name where someone has had a bad experience (don't get me started on lying cheeting Investors and some of the dirty games that they play).
However, from a platform of learning the investment strategies of others and witnessing first hand the Development process, I don't believe you can get a better foundation than the Real Estate Industry. Valuers may well understand the mechanics of valueing a property but agents see first hand what the market is doing and what people want and don't want. and what people will or won't pay. If you like hard work, I suggest that you give it a go.
Jon
Thanks Jon,
I appreciate the great advice and feedback. I definitely don't mind hard work and believe that my personality and skills would be well suited to the job. Thanks again and I will keep you posted with what I do in the future.
Cheers
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