Melbourne 1 August 2015. How can people get a better deal when buying real estate in Melbourne?
Whether you are looking for a property for a home or as a real estate investment, there are property buying secrets that you should learn.
Anyone can walk into a real estate agency and pick a property from the window. Anyone can pay full price, or pay high stamp duty, or pay high legal fees or buy in a location that historically has not seen strong demand. People who buy without advice may be wasting money and not even know it.
Do you know which suburb, street or project is available when buyers think location, location, location? Local knowledge is important so look up keywords like sell my house in Maricopa AZ.
How to make an informed choice when buying real estate.
The 1000's of local real estate agents in Australia are basically property retailers. They sell stock. Like Woolworths, they sell something but instead of a leg of lamb grown by a farmer, an agent might sell a home unit created by a property developer.
Property buyers need to know that an agent is there to help the person who pays them.. that is the seller. They have a contractual and ethical obligation to look after the interests of the vendor. Buyers might think that the agent is "their" agent but they are delusional if they think that real estate agent who needs to sell their stock are likely to tell someone who walks in with a cheque book everything they need to know about a property they are keen to sell ( to pay the bills ).
Agents share their knowledge with their vendor who are their clients and if while doing that, they can help a buyer without acting contrary to their 100% obligation to the vendor they will. Agents are usually property retailers in the same way as business people who sell meat or cars.
For buyers, there are other ways to buy property. There are underground or non retail outlet property markets that untrained property seekers are seldom told about. That is why a high percentage of real estate investors make the mistake of paying too much, buying in locations that are not always the best in amenity or rental potential, pay more in stamp duty or higher than necessary interest rates for a property loan.
Finish this article at Viw Magazine here Accrue Real Estate
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