If you are going to use a professional the result you get will be directly related to the quality of service you receive.
There are many people who offer advocate services however there is a difference in the services offered. To me an advocate is someone who will source the deal for you personally, then provide you with a report based on other sales in the area, inspect the property organizes a building inspection if necessary, then buy the property for the best price.
Sounds easy
However I know a number of groups who will find the properties on line then tell you to fly up and see them, they will try and buy the property over the phone and for that charge you at least 2.5%.
Now I believe that you should always do your due diligence but be careful, if you are going to do the work then save the money and do it yourself. What are you paying 2.5%. Often these groups also charge upfront fees as well.
So when selecting a buyer’s advocate
1 Make sure that the person you are talking to is the one doing the work.
2 What is there experience?
3 Ask for a written proposal on what they will do for you.
4 Are they licensed?
5 Ask for references
Using a professional can save you a lot of time and money however it is important to know who you are dealing with and make sure that your investing experience is a good one
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
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Hi Nigel,
Great post!!!
I remember when I was working with a real estate firm in Werribee, I had allot of Buyers agents come in and try and find a deal for their client.
Some buyer advocates where very good but allot of the buyers I knew had very bad experiences.
The first thing I used to ask a buyer agent was this, Have you ever worked as a real estate agent before? Some would say Yes or some would say no, the ones that said no would automatically say, Why is this important?
I personally think that a good buyers agent is someone who has experience in selling a home on behalf of a vendor and also negotiating a deal with the buyer.
I also think allot of people these days do not have enough time to do their own research so if they are paying someone to do their job, pay someone who is not only good but the best in their field.
HMMM maybe I should get into this business, I just love negotiation
Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone MeYour first port of call in finance :)
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