Stop getting smashed at auctions!

If you're currently in the market to buy property, chances are you're frustrated and even annoyed for several reasons.  You're likely to be spending hours researching the right home or right investment property, one that ticks all the boxes and at the right price.  But then you make an offer or bid at auction and you get steam rolled by the competition.  Frustrating and annoying indeed!

So what can you do about it?

Most people just give up and find reasons to justify their defeat.  You know what I'm talking about... "I don't want to buy in this market anyway as prices are too high and the bubble will burst soon".

The fact is that you can buy well in any market, including the present cycle where property prices are strong.

Buying a home or investment property can be challenging.  When the market is as strong as the present time, it's easy to give up or to buy a substitute property just for the sake of moving on, or for the fear of not missing out.  But if you're crystal clear on what you want and you have a purchase strategy, then I'm here to tell you that you can achieve your goal if you're prepared to ask for help.

Right now the best person to have in your corner (apart from your trusted Mortgage Broker) is a Buyers Agent.  The right professional is what makes all the difference!

I have seen first hand the significant value these guys bring to clients when buying property.  And whilst the service can cost several thousand dollars, their fees are negligible given the significant purchase you are about to make.  In fact I can go on to say, that many of our Buyer Agent contacts have made tens of thousands of dollars for our clients in the last 12 months from buying the right properties.

Remember this.  The best time to buy real estate was yesterday.  The next best time to buy real estate is today.

Here are 3 key reasons why I think you need to engage a professional right away if you're serious about buying the right property at the right price, particularly in the current market cycle:

1)  The hidden market

Many properties are viewed and considered before they are advertised to the public and some acquired without the property ever being marketed at all.

This hidden market is transacted between Real Estate Agents and Buyers Agents.  As they saying goes, it's who you know that counts!

2)  What's the right price to pay? 

Don't be fooled by the quoting range as we all know very well that this is merely a "guide" which is usually blown away at auction.

A home in my area sold for $1m over reserve very recently, which was 25% above the so called "reserve" price.  This may be an extreme example but I'm sure you'll agree most auctions are achieving significant prices above reserve in the current market.

A professional will guide you to ensure you pay fair market price, or they'll advise you to move on and find you another suitable property at the right price.

3)  Create wealth through property

Once upon a time the great Australian dream was to own your own home.  Nowadays, it seems that the great Australian dream is to own a property portfolio!

But be aware, not all properties are investment grade and only a percentage of properties on the market will create wealth for you in a predictable way.

Whether buying your own home or an investment property, the right professional will guide you to ensure you buy a property that will outperform the averages over the long term.  After all, capital growth is key to achieve true financial freedom.

There are many buying strategies that are used to buying the right property at the right price.  If you're out of your depth, engage a professional and get the help you need.

Important information: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. For this reason, any individual should, before acting, consider the appropriateness of the information, having regard to the individual’s objectives, financial situation and needs and, if necessary, seek appropriate professional advice.