| Now is the
right time to buy an investment property particularly because
property like many other investments is cyclical.
We also save you money by using our keen negotiating skills and
knowledge of the market to buy at the right price. Those who
are knowledgeable about real estate know that the number one
most important factor about successful property investment is
buying at the right price. If you overpay it will take years
for you to recover since not only are you paying more than what
the property is worth but if you finance the purchase you are
also paying interest on the amount overpaid. Look at the
example below:
Investor purchasing a two bedroom unit in Darlinghurst
without the assistance of A1 Property Finders
Purchase Price $605,000
Market value $580,000
Interest Rate 5.2%
Interest expense at purchase price $31,460/yr
Interest expense at market value $30,160/yr
Not only has this property cost him
$25,000 more than it was worth but he is now paying the bank
interest on the difference. This means that each year he will
be paying $1,300 more in interest than he otherwise should have
and he will need more capital appreciation to occur over time
to recover his money!!!
HOW DOES IT ALL WORK?
1. You tell us what you want
First you fill out our Property Finding
Information Form [click here] and either print it and fax it to
us on +61 2 9144-3724, or fill it out online, or even better,
make an appointment to see us and we will help you fill in the
details.
2. We call you to discuss your needs, answer any questions
and, if necessary, arrange for a meeting
It is important that you feel completely
comfortable about our services and how we will be able to
assist you before you engage us. We want an open and honest
relationship with our clients that is based on mutual trust and
respect. We do not use hard sell tactics and if, after speaking
with us, you decide that you are not interested in using
our services we will respect those wishes.
3. If you decide to use our services
If you decide to engage us you then enter
into a simple Buyer’s Agency Agreement and pay the engagement
fee.
4. We conduct a comprehensive property search
Once we have been engaged, we conduct
extensive searches and inspect many properties to determine if
they satisfy your needs and desires. Often we might view
between six to ten properties before we find one which
satisfies your brief. This happens because many properties are
nothing like how they are described and often even the
photographs are exaggerations of the reality. With some
properties it is possible to use our contacts in the industry
and inspect them before they are advertised to the general
public.
5. We keep you informed at all times
While we are conducting our research we contact you
frequently to keep you informed about our progress.
6. We prepare a market appraisal and a comprehensive report
For each property we inspect that we
believe is a good investment and matches your investment
criteria we prepare a comprehensive report (including a market
appraisal). The report gives pros and cons for each
property.
.
7. If you are in Australia and/or if you want to see the
property you are buying before we commence negotiations we
arrange for you to inspect the properties.
We make appointments with the selling agents
to arrange inspections of the properties by you. For overseas
or interstate clients who do not wish to personally inspect the
properties if permitted by the seller’s agent, we take
photographs and provide commentary.
8. We get you the best price.
If the property is for sale by private treaty
we negotiate the best price on your behalf. Our experience in
dealing with agents and our knowledge of the market is
invaluable in this regard. If the property is for sale by
auction we attend the auction and bid on your behalf. We
never bid more than what you instruct us to bid based on our
comprehensive report and market appraisal.
9. We put you in touch with competent qualified and
reasonably priced solicitors or conveyancers and assist you in
obtaining all searches and inspections that you need to make
before you buy.
We have a list of solicitors and conveyancers
whom we trust that we will recommend. We do not make any
commission or fee for this recommendation and if we are offered
any bulk savings in fees because of our numerous referrals we
pass these savings straight on to our clients.
WHY SHOULD I USE A1 PROPERTY
FINDERS INSTEAD OF DOING IT MYSELF OR RELYING ON INFORMATION
PROVIDED BY THE SELLING AGENT?
1. A selling agent cannot give you advice.
Their job is to get the best price for their client, the seller,
not for you.
The rules and regulations that apply to
selling agents in New South Wales prevent them from helping you
to the detriment of their client. In addition, because they
only make money when the property is sold, and because their
commission is based on a percentage of what the property sells
for, let the buyer beware. It is not their job to point out the
negatives.
2. Why risk hundreds of thousands for the sake of a small
fee?
It is almost impossible to find a good investment
property in Sydney and the surrounding suburbs for under
$150,000. In fact, many people pay over $250,000 for their
investment properties. It makes little sense not to seek
professional advice and assistance when investing such a large
amount of money. Investing in the wrong property could easily
cost you thousands of dollars.
3. We will always act in your best interests
and never suggest to you a property where we get a fee from the
owner
As licensed real estate buyers' agents we are
bound by rules, codes and regulations that prohibit us from
being paid a fee by an owner to induce you to buy their
property. As business people who value honesty and integrity,
even if these laws were not in place, we would never act other
than with your best interests at heart. Be assured that every
property that we recommend to you is being recommended because
we believe that it is a good property for you based on your
criteria and not because we are being paid anything by anyone
else to get you to buy it.
4. You know to get expert advice for other things, why not
for your financial future?
For many people buying an investment property
is their largest investment. Many also rely on this investment
appreciating in value over time so that they can use the equity
they accumulate for other things or perhaps even to help
subsidise their retirement. Most people rely on professional
help for many aspects of their lives. If they are sick they see
a doctor, if they have complex financial affairs they see a tax
accountant or a financial advisor. Why? Because they do not
have the expertise in these fields. For the same reason most
people do not have the expertise that is needed to know what a
property is really worth and negotiate the best price for it.
How can the skills a person has developed over perhaps only a
few weeks of searching for properties compare with the skills
of the Principal of A1 Property Finders who has been buying
properties for over 23 years? The answer is that there is no
comparison.
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Residential Investment Property