How a Buying Agent Can Enhance Your Property Investment
When it comes to buying any property, a key consideration is how well it will serve you as an investment in the long run. There are a number of things that can factor into this, including any extra work you plan to have carried out on the property as well as natural fluctuations in the property market that can see a property go up in value naturally.
But as with any investment, there is potential to make less money than you had hoped, or even lose money, which is why the experience and support of a well-versed buying agent can help you avoid pitfalls (both common and lesser known) and help find properties that are perfect for your needs and represent a good investment opportunity.
Find out more about enlisting the help of a buying agent to elevate your next property buying experience.
Guidance on market values
In order to maximise your return on investment, the first essential step is to ensure that you are paying a fair price for the property from the outset. What constitutes a ‘fair price’ can vary substantially - and having someone with an intricate knowledge of the housing market in the county will help finding the right property a much smoother process.
Joanna is a RICS chartered surveyor who previously specialised in valuation surveys so utilises that expertise when determining the market value of a property that a client is looking to purchase.
Remember: a £500,000 house in Falmouth is likely to look very different to a £500,000 house on The Lizard, and there are a lot of factors that play into that, but when thinking about making a purchase, it pays to get to know the local area and the market in each area, as this will help you better understand why the properties are priced as they are, and whether your investment is likely to generate a good return.
Unbiased feedback
Perhaps one of the most valuable skills of a buying agent is knowing when to advise a client to walk away from a property; it can be easy to get caught up in the emotion of seeing a new property and overlook any issues that an unbiased pair of eyes may have when looking at a potential purchase.
Unlike working with some estate agents, your buying agent doesn’t immediately benefit from making a quick sale, so will be more likely to be advise whether the property matches your buying criteria, or whether it’s worth shopping around to find something that’s better suited.
Contacts
A good buying agent should be able to introduce you to a multitude of contacts throughout the buying process and beyond. The value of working with the right professionals right from the start is invaluable. These contacts include solicitors, surveyors, builders, recommendations of where to source products, and the list goes on.
What can my buying agent tell me that I don’t know already?
As well as having a wealth of local knowledge to draw upon, a buying agent is usually extremely well-connected, crucially meaning that they can find you properties that aren’t on the market. Buying a property off-market has a whole host of benefits for potential buyers, chief among which is that you don’t have to make a snap decision on whether you want to make a purchase, and instead have more time to consider your options objectively.
Talk to our property buying agents today to unlock a new world of possibility with your property investment.
