MEDIA RELEASE
Gold Coast May 2008
AAP Media Release 12 May 2008
The Smart Way to Invest in Real Estate:
Use Buyers’ Agents
A remarkable and logical phenomenon is starting to sweep Australia, and for
very good reason. Using a Buyers’ Agent when purchasing real estate, is
something most Australians know little about and even those that do know,
fail to take advantage of the opportunity. However it makes no sense when
you consider the many advantages, not the least of which is that they are (in
the long-term), very likely going to save you considerable money.
Some time ago two Gold Coast based real estate agents recognised the
significant benefits in using real estate agents when purchasing property.
Kieran Smyth, Director of Invest for your Life, made the following observation:
“Most problems that occur in a real estate conveyance do so at the
purchasing end, not the selling end (providing the property is priced correctly).
It’s ironic that most Australians (approximately 99%), use real estate agents
when selling property while very few use professional agents when buying.
We find it difficult to understand when you consider that the selling agent is
working for the vendor, not the purchaser.” For a purchaser to get the best
deal, they need a professional working for them,” he said.
Fellow Director of Invest For Your Life, Mr Garry Macdonald also pointed out
that the use of Buyers’ Agents has been occurring overseas for a number of
years now. “In fact, about 50% of purchases of residential real estate in the
United States have been conducted using Buyers’ Agents. In these uncertain
times, using professionals to select and negotiate your purchase, makes
perfect sense.” Mr Macdonald said.
Both Mr Smyth and Mr Macdonald point out that over the years they have
seen many instances of people buying the wrong property, in the wrong area
at the wrong price: “So often, by the time some investors find us, they’ve
already made a poor purchase decision and that can really compromise their
abilty to build wealth.”
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END
If you would like an interview with Kieran Smyth or Garry Macdonald, please contact:
Kieran Smyth
OR
Garry Macdonald
Mobile: 0422 821 755
Mobile: 0412 162 920
Phone: 07 5535 3383
Phone: 07 5523 1155
Email: kieran@invest4yourlife.com.au
Email: garry@invest4yourlife.com.au
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