Frequently asked questions
More of us are choosing independent associates without agenda to represent them in the property process. Professional advice helps you avoid the stumbling blocks you can encounter while buying, selling, or investing in property. The property market is brimming with opportunity and expert advice can give you the edge to get great returns.
The premium time to sell is when the number of buyers is high compared to the number of properties for sale. The market tends to open up at the start of the year with pent-up demand over summer. Winter sees less competing listings, but not all properties present well at this time of year. If you’ve got a great garden, spring could be a smart time to sell, but you’ll have plenty of competition. A PropertyDuo associate can help create the best campaign schedule to maximise your sale result, regardless of the time of year.
Real estate agents have vested interests, which is why buyers and vendors are increasingly turning to advocates to represent them. While the current market is full of opportunity, it’s difficult to know what properties will provide a good return, so more people are seeking advice.
Before engaging a buyer’s advocate or property associate you should ensure they:
- hold a fully certified Real Estate Agents licence;
- are independent;
- don’t work with developers or real estate agents on a commission basis, so you know there is no vested interest; and
- have access to a team of researchers and data, and you know they are making informed decisions on your behalf.
Initial discussions are generally free. If you decide to engage a buyer’s advocate, some may have a one-off administration fee covering an audit of your lifestyle needs, financial position and investment goals. If the buyer purchases a property identified and negotiated by the buyer’s advocate, a percentage commission of the purchase price is payable to the buyer’s advocate. If a buyer already has a property in mind, to purchase the commission on the properties purchase price is typically much less and is simply payable to the advocate to inspect, evaluate and negotiate the property purchase.
Typically, they’re a qualified and experienced professional who works with property buyers, owners and investors as a buyer’s advocate and/or a vendor’s advocate. Offering strategic property investment advice, they also review investors’ property portfolios to advise on ways to improve performance.