Category: Property Buyers Agent

Perth House Prices Stable Despite Covid-19

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House prices remained stable over April and selling agents are reporting renewed interest in the form of more phone enquiries and viewings, giving us a promising start to May.

This boost in the spirits of West Australians comes about from the lifting of restrictions and good performance in containing the Covid-19 spread, but we are a long way off returning to normal.

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Karratha Developments to Boost Perth Property Confidence

After hearing for some time about the many new mining jobs up north, it appears things are starting to take off up there. This is welcome news for Perth property buyers and owners.

It’s reflected in the extensive developments taking place up in Karratha. New flights have been laid on, new FIFO camps are being built and housing availability has fallen to 1.5%. These are sure signs of increasing population and demand.

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Property Wizards Honoured with Top Buyer’s Agent Award

Property Wizards has been awarded Buyer’s Agent of the Year 2019 at the Real Estate Institute of Western Australia (REIWA) annual Awards for Excellence.

Taking out the top honour in their industry, managing director Liz Sterzel said she was honoured to be recognized by the state’s peak industry body.

“We are thrilled to be acknowledged for the work we’re doing at Property Wizards for our buyer clients,” she said.

“We believe our recipe for success is that we put the buyer’s interests first and continually adapt our buying strategies to the changing property market. This helps our clients tremendously, where they tread a fine line between missing out on a great property and making a disastrous mistake. (more…)

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Why Buyer’s Agents are on the Increase (Case Study)

In recent years, the popularity of professional buyer’s agents has soared in Perth and across the country.

More and more investors and home buyers in the information age, are becoming increasingly savvy and demanding the services of professional buyer’s agents to work on their behalf.

Buyers now understand that it’s important to have expert help when they are buying property, as well as when they are selling, to ensure they get the best deal.

As well, investors are realising buyer’s agents save them precious time and money. While they spend their time where they can earn money – in their profession – buyer’s agents are locating the ideal property for them.

There is also the benefit that a buyer’s agent can save buyers money on the purchase price because they research the property market intimately and so stop them from overpaying.

Buyer’s agents also have the expertise and access to information that can prevent them selecting a property that will under-perform.

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HOMEBUYERS FOLLOWING INVESTOR FOOTSTEPS

Buyers’ agents have now become a permanent fixture in the Perth real estate market – and it seems investors aren’t the only ones taking up the service. There’s a rapidly growing trend for homebuyers to enlist the help of experts in their search for the family home.

Using a buyer’s agent was once mostly the domain of property investors, but a growing number of owner-occupiers are taking up the trend and with a degree of uncertainty plaguing buyers in today’s market, it’s an area that’s tipped to grow strongly. (more…)

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Property and finance services under one roof (FACT SHEET)

As we announced recently, Property Wizards has launched its finance brokerage arm – so we can now offer property buying and finance services under one roof.

The move was fuelled by our customers’ demand for quality financing:

“Throughout our property buying process so many of our clients ask for help with their finance. They want a smooth process where their property and finance is all taken care of without any hassles, and with a single point of contact. So it made sense to us to extend our service offer to include finance.” – Liz Sterzel, Property Wizards director. Continue Reading…

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Property Wizards launches finance service

Award-winning Perth buyer’s agency Property Wizards has launched its own finance brokerage arm.

Managing director Liz Sterzel said the move was fuelled by their customers’ demand for quality financing.

“When we are going through the detailed processes of property buying for our clients, so many of them ask for help with their finance,” Ms Sterzel said.

“They want a smooth process where their property and finance is all taken care of without any hassles, and with a single point of contact. So it made sense to us to extend our service offer to include finance.” (more…)

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Why it pays to have professionals on your team at auction (CASE STUDY)

Property Wizards represented a client at auction over the weekend and achieved a fantastic outcome – securing them a beautiful home in the Perth hills.

The property was secured at $25,000 below the bank’s reserve using auction techniques and skills to ensure bids did not reach any higher than they had to and through skilled post-auction negotiation. Here’s how… (more…)

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What’s the difference between a real estate agent and a buyer’s agent? (Q&A)

While most people know what a real estate agent – or seller’s agent – is, it seems not everyone knows what a buyer’s agent is – or does.

So we thought we’d break it down. (more…)

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Low interest rates add to the appeal of the Perth property market (TIPS)

Perth, Western Australia, viewed at night reflected in the Swan River.

We already know it’s a great time to invest in property in Perth.

With the Reserve Bank of Australia’s decision last week to keep the cash rate at 1.5 per cent, this certainly adds to the appeal of getting into the Perth property market.

So while interest rates have stabilised, they are likely to rise. So if you’re ready to buy, the time really is now.

What should you do next? (more…)

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Why you need a buyer’s agent in your corner (Q&A)

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As people have become more aware of the workings of the real estate industry, many buyers now recognise the need for representation.

Just as you might engage a lawyer, a doctor, an accountant to address specific legal, health, financial aspects of your life, it makes sense to engage a professional buyer’s agent if you’re considering buying property.

And, if you are considering buying a house or apartment, the seller is likely to have an agent on their side, so why not have a professional on yours.

Whether you’re just starting out, or even if you’re a pretty savvy property investor, you’re probably asking, “but what can a buyer’s agent do that you can’t do yourself?” (more…)

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What you need to know about property development (TOP TIPS)

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So you want to buy a property to develop or subdivide, but not sure where to start or what to look for?

Knowing how to secure a property with superior development potential can be difficult, especially if you are just starting out.

Here are our top tips for a successful development project: (more…)

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Why waiting can be a costly error in property investment (eBOOK)

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While it’s one thing to rush and make poor decisions under pressure, waiting for “the right time in the market” can prove equally costly, and may not be a smart property investment strategy.

In periods like this, when the Perth property market is at a low, many investors become increasingly concerned about whether or not it is “the right time” to enter the market.

But, such a situation provides the perfect illustration of why waiting to get into the real estate market can be costly.

By the time buyers who’ve held off realise the theory that there is a “right time” to enter the market is flawed, they’ve already missed the boat. (more…)

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Getting to know Trevor Dunkley

Getting to know Trevor Dunkley

Trevor Dunkley is an independent buyer’s agent with a wealth of successful property experience, and your first port of call when you meet the team at award-winning Property Wizards. To help you learn more about our services and our team, we’ve put together this Q&A with Trevor.

Describe your role at Property Wizards — what do you do?

Getting to know Trevor DunkleyAs the first contact you will have with Property Wizards, my role is to get to know you and find out what you want from your property purchase. Whether you’re looking for an investment property or a home to live in, I will talk you through the services we offer and how we can help you. Once I’ve got a clear understanding of what you’re looking for, I will focus on developing the best strategy to achieve your goals.

As soon as we have your strategy and requirements knuckled down, I will brief the Property Wizards team to ensure we find the best property for your strategy and at all times keep in contact with the buyer’s agent conducting the search to ensure they are meeting the parameters you have laid down.

How long have you been involved in real estate investment?

It has been more than 30 years since I started my career in Real Estate, and I’ve covered the full spectrum from property sales to residential property management and commercial and industrial leasing. I established Property Wizards Buyer’s Agency with Liz Sterzel almost a decade ago and we’ve dedicated our efforts to helping our clients build their wealth through property investment.

On top of these years of professional experience, I have also built a successful portfolio of investment properties. My strategies work and I am always ready to share these strategies with my clients, so their successes can match my own.

How did you get into this business?

Many buyers forget that Real Estate Agents are required by law to look after the interest of the sellers, making it impossible for them to act impartially and look after the interests of buyers. We looked for this type of service ourselves at one time when we were too busy to search for and assess properties, but it wasn’t available in Perth. Liz and I saw a need for buyers to receive at least the same representation as sellers and since we started offering this service we’ve purchased hundreds of properties for our clients.

What strategies have you adopted to ensure your personal success?

There are a range of strategies the potential investor could adopt, from yield-based strategies to capital growth strategies. My preferred strategy revolves around ‘adding value’ to a property; for example I’m currently undertaking the development of one of my properties to convert it from a single house on a large block of land to a multiple dwelling site of ten units. I also have a few rental properties that I hold for long term growth and I prefer to keep a mix in my overall investment strategy.

What part of your job motivates you the most?

The excitement of my clients when they build their property portfolio through property investment, development and subdivision.

If you weren’t in this career, what would you do for a living?

I enjoy working with people and helping them achieve the kind of success that makes a difference in their families lives because ultimately, that’s what it’s all about. I would be working in a field where I could help people in another way to achieve what they want for themselves and their families, whether it involves property or something completely different.

Property Wizards Logo and tagline If you have an interest in building your wealth through property, then call us on (08) 9381-7450, or request a FREE Starter Pack.

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

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The benefits of buyers agents

The Benefits of Buyers Agents
The benefits of buyers agentsAround most of Western Australia the property market is stable with modest price growth, good turnover and low levels of listings.

Interest rates are low and most rental markets are turning in favour of tenants. Of course there are regional exceptions and all this can be a bit confusing to buyers and investors who might be trying to decide where and when is a good time and place to purchase?

In this situation you might like to turn to a buyers agent.

Just as you would expect a selling agent to represent your interests when selling, a buyer’s agent will act with the same level of professionalism in helping the buyer achieve their goals.

There are several characteristics that you should look for when selecting a buyers’ agent but the three key areas include communication, expertise and negotiation skills.

First up, a good buyers’ agent should be an excellent communicator. They should take the time to fully understand your needs and budget when selecting an investment or your next home and prepare a brief relative to these requirements.

This means that the buyers’ agent has a good working knowledge of your expectations and should be able to deliver. Conversely, if your expectations are unrealistic, a good buyers’ agent should be able to explain this effectively and politely to set you on the right path.

They should also possess the expertise and knowledge required to conduct specific research that may affect the purchase of the property and any other relevant items that are important to you the buyer. For example, development potential, re-zoning and major planning projects in the property’s locality that may impact on value over time.

If schools are important they should know which schools are available to your needs.

Demonstrated negotiation ability is extremely important. The buyers’ agent should be able to negotiate the deal on your behalf with the seller, including the contract and settlement terms, as well as ensuring you are paying a fair price for the purchase.

Buyers’ agents, as with any professional, will charge a fee for their service which may be fixed or a percentage of the purchase price of the property. In either case you should ensure this is discussed and agreed at the start of the process.

Remember, sales agents can offer great value and information when purchasing a property but of course they are engaged by the seller and are legally obliged to work in the sellers’ best interest.

Whereas a buyer’s agent is working for you, the buyer, and can save you lots of time while helping you get you the kind of property you really want. It’s a particularly handy service for busy people.

This article was originally published on reiwa.com.

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