Here, we have answered a few common questions. We have tried to keep it short, sweet, and to the point. But if you need us, we are just a phone call away!
- Tim & Maddison
FAQ
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Are Buyer’s Agents only for people that don’t live locally?
“In my experience working over in the US, more than 80-90% of property transactions have a buyer's agent attached, compared with about 2.5% of transactions in Australia. I think the attitudes are shifting here as our market heats up, people really need the help even local people that are trying to buy down the road. Last year there was some data that came out of Sydney that said about ¼ transactions involve a buyers agent in Sydney - they have always led the charge in this space because they have had so much heat in their market for so long. But I think the likes of Queensland and other states are quickly following suit.” - Maddison Bonner
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What do you specialise in as an Agency?
“We purchase properties in all locations across SEQ, across various segments, for myriad buyers. But our passion project is our ‘Build Wealth’ Strategy. This is a strategy that we have personally implemented and now use for our clients. We target houses in quality locations with good bones for a cosmetic renovation. We build a plan to execute in a cost effective way so that our clients can manufacture equity & yield fast. Through this strategy we are not purely relying on market growth but can manufacture the growth ourselves. Our clients then have accessible equity for the next purchase.” - Tim Gaynor
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Can you purchase a property in a shorter time with a Buyer’s Agent?
“Every situation is different. Some market segments are more tightly held than others or more competitive. Some Buyers are more specific than others. This will all impact your purchasing timeline. But with a BA you will always have this information up-front so you can manage your expectations. We will also give you the push you might need for the right thing or hold you back from rushing into the wrong thing!” - Maddison Bonner
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Are off-market opportunities the main reason people use Buyers Agents?
“That can be a big part of the reason why people come to us and it is something we really focus on. Roughly 70%-80% of our purchases are off-market. But we do purchase things on-market too. It’s important to note that not all ‘off-markets’ are good deals. Some Sellers can have really high expectations until they get some market feedback.” - Maddison Bonner
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Is it expensive to use a buyer's agent?
“Not as expensive as making the wrong decision. In property you can make some big mistakes that can cost you everything. If we are doing our job right, we will make you our commission back on the purchase during a negotiation or within the first month or two of equity in the right asset.” - Tim Gaynor
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Do you need finance pre-approval to engage a buyer's agent?
“We will always be happy to have a discovery session with you before you get your finance in place, but to start the process you will need to have this organised. If we know what budget you have and can work closely with your broker it makes the process really seamless.” - Tim Gaynor
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Is there a minimum budget for using a Buyer's Agent?
“No! We work with clients at each end of the spectrum & everything in between. Whether it’s your first home for $400k or a trophy home for $15m our process is the same. Your first property purchase is so important because it can set you up for future wealth creation. We take this ver y seriously & want to be on the journey with you.” - Maddison Bonner
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Do you specialise in purchasing for medical professionals?
“We do have a specialist division of our business that is tailored for medical & dental specialists. Due to my background in medical & dental finance, I have a specialised skill set within the Buyer’s Agency space. We offer a highly detailed experience for specialists that also allows for after hours communication to accomodate the unique demands of the industry.” - Tim Gaynor