With the recent boom in property prices throughout Australia, there is no time like the present to break into the investment market. The bustling city of Melbourne is a bit of a property hot spot at the moment, and buyers are snapping up anything they can get their hands on. If you are looking to purchase your first investment property or are looking to expand your portfolio, it can be a bit of a minefield to navigate. Fortunately, there is some help on hand available to help give you a competitive edge. Two types of specialists buyers often turn to are investment advisors and buyer agents. These terms may be a little unfamiliar, so let’s see how they can help you get into the investment game.
What is a Property Investment Advisor?
A property investment advisor provides advice and education on property investment. Usually, they will consult with you on your financial and property goals and help formulate a plan to reach them. They offer an extra layer of security and help you understand the potential risks involved. They can also connect you with the right lender and policy to suit your personal circumstances. There are numerous property investment advisors in Melbourne, and they can even provide information on potential hotspots and the areas with the highest rate of growth. A good property investment advisor has the qualifications, skills and connections to help make your property investment plans a success.
What is a Buyer Agent?
A buyer agent also referred to as a buyer’s advocate is usually someone with a lot of expertise in purchasing a property. They have a good eye for detail and know what to look for in a purchase. They can investigate, evaluate, negotiate and even bid on your behalf. Many find their services useful, especially when purchasing in an unfamiliar area. They differ from real estate agents, who usually represent the seller of the property. After working with you to understand what your goals are, they can help you find areas and locations you might be interested in. They work with both first home buyers and investors, tailoring the properties based on your needs. A buyer agent in Melbourne will have a good knowledge of the area and the latest property trends.
Property investment can indeed seem a bit daunting at first, especially in a place like Melbourne. However, you don’t need to do it alone. With the help of a specialist like an investment advisor, or buyer agent, the experience can be much more enjoyable. With the right skills and qualifications, they can help make your property investment goals a reality.