Generally, buyers agents are known as professionals that help home buyers to get their desired property. At first thought, they are meant to use their expertise and experience to facilitate good deals that can make buyers get value for their pay and rest in comfort.
Over several decades, Newcastle buyers agents have assisted several home buyers – some of which are investors – to make huge profits that create generational wealth. That’s a noble job! But. Money making should not be for clients alone. Even as a buyers agent, you can amass great fortune buying properties and reselling them for a higher price.
One thing that looks so deceiving is that Newcastle buyers agents are always in control of a robust portfolio of premium assets and a rich connection of top-rated professionals. It is rather pathetic that they only make money from the 6% commissions they get from the overall sales price.
How do you feel about making huge profits from the wealth of top-notch properties under your management? That’s what this article discusses.
Can a Newcastle buyers agent double as an investor?
Why not? In reality, if you are a buyers agent in Newcastle, NSW, and all you do is help people buy properties and get commissions, you are missing out on a big deal. The Australian real estate market is among the most lucrative in the world. Since you have been practicing, you would have seen people from all over the world flock to every part of Australia looking to buy properties.
From a business point of view, a Newcastle buyers agent should not only aspire to be the most relevant in the Australian real estate local markets. You should also consider partaking in the juicy flow of income in Newcastle and beyond.
Real estate is a highly competitive business in Australia. By implication, you might lag if your net value cannot match up with top industry players. Honestly, the best way to live up and compete on the big stage is to invest in real estate and cash in big time.
Come to think of it, how much benefit can your experience, expertise, network, and connections be if you can’t even leverage them to boost your wallet? I think it’s time to flex your business muscles!
To shed more light, we are glad to share some unique advantages waiting for you if you invest in properties as an agent.
6 Reasons a Newcastle Buyers Agent Should Invest in Properties
1. Vast knowledge of the local market
One of the flashy benefits you have as an agent is that you understand how the local market works. You know where exactly to find what. And, you don’t have to stress yourself running around seeking professional advice. You already know where to start and what to do at each point.
Being a local Newcastle buyers agent makes a lot of difference. No guesswork; you know what property to buy, what to look out for when purchasing, which neighborhood is more lucrative, and how to make a favorable deal that suits your best interest.
After years of buying properties for clients, you would have been familiar with the expected downturn in home values. Thus, it is easier for you at the perfect time. Your knowledge of the Newcastle local market will make you overpower even the wealthiest investor in the home buying market. It will also help you not to make an emotional decision that can backfire in the long run.
2. Ability to do thorough research
Typically, it takes less than three months for novice buyers to research the property they want. They would have gone through much stress looking for showings and inspections. They would also always be on the internet checking the following new listing for speculations. In your case, research is made easy.
While other investors are busy going from one place to another in the name of research, you have already snatched up the premium properties in the market. As an experienced Newcastle buyers agent, you have done the research for clients over and over for several years. With that knowledge, you can conduct your analysis in the comfort of your home.
You have all the skills and tools to do comparative market research in Newcastle and decide what price is best for the property listed. No listing agent can take advantage of you selling an overhyped property that doesn’t match the value. You can confidently advance to a seller and make your demands.
3. Access to premium deals
As a Newcastle buyers agent, you are an Australian real estate market insider. By implication, you can access the MLS database to find the best deal possible in the current market. Don’t forget that no investor can get close to the database to make their choices. So, you are already a step ahead.
More so, hot juicy deals will get to you before other investors know about them. That means you can hijack good deals and personalize them before it gets to the public.
4. Easier financing
Every investor should have a solid relationship with other professionals in the industry. With that, you can buy a property even if you don’t have much in your pocket. Meanwhile, novice investors run back whenever they don’t have enough cash to pay for the investment.
Besides, you can quickly get loans from conventional mortgages, private money lenders, and more. In comparison, non-agent investors may have several difficulties applying for housing loans.
5. Robust real-estate network
Newcastle is home to experienced realtors. Consequently, there are countless opportunities for Newcastle buyers agents to leverage the strengths of others to make deals to their advantage. For instance, you can access the best real estate lawyers and accountants; you may even be a good friend of a top-rated listing agent who can happily render professional services without charging much.
6. No agent fee
Except you want to bill yourself for the job well done, you don’t have to pay a dime to an agent to help you find and buy your dream property since you did all that yourself. As expected, you can use the supposed agent commission to cater to other needs.
If an agent decides to invest, he gets the best and safest deal possible. Investing in the Australian local real estate market is a win-win situation for every Newcastle buyers agent. Much of the tedious work is what you do for people happily. The only challenge here is to ensure you input the same energy and commitment you give freely to others into your investment.