Choosing the right Real Estate Agent to sell your property or buy an investment property can be daunting. When selling, you want to know that your home is in good hands and well placed to fetch an attractive sale price in the current market. Buyers want to find a trusted and reputable Agent who will transparently help them to grow their property portfolio.
While we can’t tell you exactly which Agent to choose, here are some things you should look out for when choosing a Real Estate Agent to buy or sell property.
Knowledge of the local area is a major advantage for Agents when selling property to potential buyers. Agents should have the necessary knowledge to answer potential buyer’s questions about the area and be able to add value to the property by talking about its proximity to local facilities.
Buyers will feel much more comfortable buying a property from an Agent who knows the area and can talk about local schools, hospitals, shops and other facilities.
If a buyer is new to the area, they will want to be reassured that the property and its location are a good fit for their lifestyle and will cater to their needs. It is important that Agents can confidently sell both your property and the suburb in which it lies.
If you’re looking to buy an investment property, choosing an Agent with good local knowledge will be a huge advantage when it comes to finding a suitable property with good growth potential.
Selling property is an involved process and Agents need to have enough time to dedicate to the sale of your property. Agents can quickly find themselves run off their feet managing multiple property sales and vendor relationships.
If an Agent is not contactable or is too busy to meet, this will not only cause frustration for yourself, but it can be a major deterrent for potential buyers. Remember, if an Agent is not contactable at this stage when they should be trying to win your business, there is little chance that they will be able to competently manage the sale of your property.
It is crucial that Agents can work around busy schedules and conduct open homes at convenient times for buyers. Buyers also expect Agents to dedicate time to them to answer any questions they have about the property, so they will need to be available for the buyer. If you are choosing a Real Estate Agent to purchase an investment property, it’s important that you look for an Agent who is flexible and can work around you.
Are they depreciation savvy?
For buyers looking to purchase an investment property, depreciation is a major drawcard. Depreciation makes owning an investment property much more affordable due to the tax benefits. This means that a depreciation savvy Real Estate Agent will be able to use depreciation as a selling point to investor buyers.
Agents can use BMT Tax Depreciation’s online depreciation calculator to provide potential buyers with an estimate of the likely deductions they would receive should they purchase the property. If you’re selling your property, this may be the incentive a buyer needs to make an offer.
You should carefully choose a Real Estate Agent who is able to add value for buyers, has the necessary local knowledge to answer buyers’ questions and can dedicate time to ensuring your property buying or selling experience is a positive one.