What is the difference between a buyers agent and a Real Estate agent?
A buyer’s agent works exclusively for the buyer, whereas a Real Estate agent works directly for the vendor (the seller) and is unable to give you unbiased advice. A Real Estate agent’s responsibility, as required by law, is to act in the best interests of the vendor, while the goal of a buyer advocate is to buy for the lowest possible price and best conditions possible.
Do I really need a Buyers Agent to buy Property?
No, hiring a Buyer’s Agent is not a must however if you wish to save money and time as well as get the best knowledge of the local market of the area in which you are investing or buying a property in you should have a buyer’s agent on your side to ensure the right deal at the right price.
What is the benefit of using Buyer's agent?
A buyer’s agent is dedicated to making your life easy when it comes to buying property. At GuruMantra we will take the time to understand your needs and goals and provide strategy steps to achieve them.
Whether it’s your first property or if you are an experienced property investor, we will take the time and stress out of buying. We know the tricks of the trade and can negotiate a better price on your behalf because we are experts in the industry and do this every day.
From start to finish we will assist you with every aspect of the buying process, everything from providing a shortlist of properties and arranging inspections, to bidding on the property on your behalf and organising all of the paperwork once the property is settled.
Can you provide a gurantee of your service?
We guarantee not to waste your valuable time sourcing inappropriate properties. We will deflect all the stress and detail and save you months of endless searching. We will spend time with you upfront so that we clearly understand your needs and will target the search based on agreed preferences. With our help, you will save time, money and stress on your next property purchase. You will gain access to more properties, be better informed about comparable sales, the true value of a property and capital growth projections for the area, and you will make a more informed decision. When you decide on the right property, we will negotiate for you so you will be able to make a rational decision about the price without the stress and pressure of dealing with real estate agents or having to negotiate.
When should I use buyer's Advocate?
We suggest you seek buying advice on every property transaction, the same as you would do if you were selling. You are making a huge investment, so why not make sure it is the wise one?
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How long will it take to find me a property?
The time it takes to find property for a client varies from case to case. For example, investors can be quicker than someone looking for their dream home. For some, it may take a week while for others a few months, but generally, we would be looking at some time between 30 days to 90 days. For more information please click here.
Are buyers' agents fees tax deductable?
If you are purchasing a property for investment purposes, the cost of using a buyers’ agent is generally tax deductible (forms part of the acquisition or “cost base”). Check with your accountant to see if the fee would be tax deductible in your case. Unfortunately, you cannot claim the fees as a tax deduction if the property is purchased to live in however you still save on the property purchase price.
Can you buy the property on our behalf even if we are not available??
Yes, we can. We do buy properties for our overseas investors time to time If you are still looking for more information please click here.
What happens if I change my mind on an area or a type of property once I engage you? Do I have to pay another engagement fee?
We will always be working in your best interests and realise that your ideas about the type of property you want may change. When we meet initially to discuss your “buyers brief”, we will work hard to ensure that your wishlist is achievable and also realistic, so the likelihood of changing your mind is reduced. However, if you change the initial brief significantly, there may be a review of the fee, and an additional fee would be charged to cover the time already spent searching. We will work with you to make sure you are completely happy with your next property purchase, even if you change your mind.