The most asked investment questions according to a buyer’s agent
Property investors have already started laying out plans for 2018 by keeping their buyer’s agents and the rest of their financial teams close so that they can formulate better strategies and make the best decisions in order to succeed in the business of wealth-creation.
As early as now, many investors are excitedly coming up to their agent’s office to implement their New Year’s resolutions as they continue buying investment properties, according to Cohen Handler’s Simon Cohen.
However, despite the brand new year, the most common questions asked remains: “Is the market going to crash?” and “What should I look for?”
Simon said: “I always have the motto, ‘If you're buying the right property at the right price, it's always the right time,’ ” the property professional said.
Instead of waiting for the perfect timing to enter the property market, spend time educating yourself so you’re well-prepared for the moment you finally dip your toes into the property investment game. After all, you are more likely to lose opportunities while waiting and sitting on your hands than you are when you’re actually investing.
According to Simon: “[In] the last four years, no client [has] ever sat in front of me and said, ‘I'm so happy I waited ‘til now.’ Everyone's saying, ‘I should have, I should have, I should have.’ ”
“Property in Australia is such a great asset [to invest in] and [there are] such … blue-chip assets, if you can afford it,” he added.
Whether or not the property markets in Australia are going to crash anytime soon, no one can say for sure.
Smart Property Investment’s Phil Tarrant advises property investors to invest time in getting a good education and seeking good advice from the best professionals in order to be able to make well-informed decisions and ultimately achieve their financial goals.
Aside from a buyer’s agent, there are a lot of professionals who can guide you through your property investment journey.
Phil said: “Surround yourself with talented professionals … We're fortunate in Australia now that there are some really high-quality, high-caliber buyer's agents within the marketplace, [so] … hopefully, people are making more informed decisions.”
“[Find] a good buyer's agent [and other property professionals such as an] ... accountant, financial planner, [and a] mortgage broker ... speak to these guys, use their expertise, [and] pay for good advice and for good service. It's money well-spent,” he concluded.
Tune in to Simon Cohen’s Q&A episode on the Smart Property Investment Show to know more about identifying assets that can be subdivided and why it’s important to do your research before implementing specific strategies, as well as the most useful measures to evaluate the performance of your property portfolio.
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