Purchasing an investment property involves various upfront costs and fees, including:

– Down Payment – At minimum, 10% of the total purchase price. A 20% down payment avoids paying for lender’s mortgage insurance.

– Stamp Duty – A tax paid to the state government, varies depending on property value and location. Typically between 3-7% of the purchase price.

– Legal Fees – Covers the conveyancer or solicitor to handle contracts and paperwork. Around $2,000 on average.

– Inspections – Building, pest, and sometimes drainage inspections to identify structural or pest issues. Usually $300-500 each.

– Mortgage Fees – Lender fees for loan application, mortgage registration and other administrative costs. Approximately $1000.

– Title & Land Tax – Registration of your ownership title and annual land taxes. Depends on state.

– Property Management – If not self-managing, fees for a property manager to handle tenants. Around 7-10% of rental income.

– Buyer’s Agent – Hiring a buyer’s agent to research properties and negotiate purchases. Fees range from $5,000-$50,000.

When budgeting, it’s important to factor all these expenses into your investment property purchase. Being prepared for all costs allows you to enter the market informed and ready.

Hiring a Buyer’s Agent Provides Complete Support for Your Property Search and Purchase

Save Time and Effort – A buyer’s agent handles all the legwork of finding, researching, and negotiating to buy your ideal investment property.

Access Exclusive Listings – Agents leverage industry connections to access off-market property listings before they go public.

Streamline Interstate Buying – Agents manage the entire process for seamless interstate purchases across Australia.

Maximize Savings – Experienced negotiation means paying the lowest price and best terms on your property purchase.

Stress-Free Experience – Agents manage the entire complex process so you avoid hassles and enjoy peace of mind.

SMSF Knowledge – Agents understand SMSF rules and regulations to help you purchase within your fund correctly.

With end-to-end support from property search to securing your ideal investment, a buyer’s agent provides invaluable assistance for a smooth, rewarding buying experience.

Expert Location Research – Agents spend hours analyzing data to identify optimal suburbs that match your investment goals.

Objectivity – Agents remove emotion from the buying process and make objective, prudent purchase recommendations.

Master Negotiators – Agents have honed negotiation skills to secure properties at the best possible price and terms for clients.

Act Quickly – Agents act instantly when a promising property hits the market to arrange viewings and make a timely, informed purchase offer.

In-Depth Market Knowledge – Agents utilize local market insights to identify undervalued properties with strong rental demand.

Guidance on Regulations – Agents have expertise on taxation laws, lending criteria, and compliance issues to advise clients.

By leveraging an agent’s location research, emotional detachment, negotiating prowess, and ability to act decisively, you gain invaluable advantages in securing the right investment property at the right price.

Here are some suggested questions to ask when vetting potential buyer’s agents:

1. Are you a licensed buyer’s agent? This ensures they are certified and regulated.

2. What is your knowledge of the market and current real estate trends? Look for expertise about market conditions and factors driving growth.

3. How responsive are you to inquiries via email, phone, and WhatsApp? Timely communication is key for a smooth process.

4. Will you take the time to understand my investment goals and find properties aligned with my long-term strategy? Client-centric customization is ideal.

5. Do you push clients to purchase properties before they are ready? Reputable agents don’t pressure clients.

6. Can you provide references from past clients I can contact about their experiences? Check reviews and testimonials.

The agent’s responses will give you a feel for their professionalism, knowledge, communication skills and consultative approach. Vetting thoroughly helps find the right buyer’s agent to partner with.

There are 2 parts- retainer’s fee and full service fees. The retainer’s fee is usually paid in advance and guarantees that the service provider will allocate time, resources, and expertise to the client’s needs. Full service fees are typically outlined in a detailed agreement between the client and the buyer’s agent.

Yes, we’ve had 100% success rate on that.  

The goal of this discussion is twofold. First, it will allow me to better understand your needs as an investor. In turn, this will help you evaluate if Acceler Investing is the right fit to fulfill those needs.

Our conversation will cover key areas including:

– Our Step-By-Step Buying Process – I’ll walk you through our proven process to ensure a smooth purchase experience.

– Location Analysis Approach – We’ll discuss how we leverage research and data to pinpoint high-growth locations suited to your goals.

– Property Selection Criteria – I’ll explain our methodology for finding undervalued properties with strong income and capital growth potential.

– Past Successes – We’ll look at examples from our portfolio showcasing our track record of securing profitable investments for clients.

This overview of our buying process, location selection, property analysis, and past performance will provide insight into our capabilities. It will also allow you to assess if we are the right match to meet your investor objectives through our data-driven approach. Does this agenda align with the areas you’d like to discuss?

We follow the data-driven system to understand the right spot for our clients to put their hard-earned money. So right now, we are buying where the data is showing  strong trends in the right direction and investment-worthy.  

That’s awesome!  
You can contact us via the following:  

Give us a call at: +61 414 186 804

Email us at contact@primepursuit.com.au

Visit our “Contact Us Page“

Drop us a message via the contact form  
Click on the free booking call.