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frequently asked questions
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Why should I use a buyers agent? Can’t I do it myself?
Most buyers do not have the experience, available time, negotiations skills and industry knowledge to ensure that they have purchased the right property at the right price. They do not have all available property data such as comparable sales and historical trends to assist them to buy in confidence. Currently the only assistance a buyer has is the selling agent, who is evidently paid by the vendor to look after their interests…not yours!
We have market knowledge, industry experience in negotiations, save you time and stress, and most of all… we look after your interests only!
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Is it expensive to engage the services of a Leading Edge Property?
No. Our aim is to ensure you only pay a fair and reasonable fee for our service. We’ll assure you that our time and effort is an investment in your property purchase rather than a cost.
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Do you charge fees as a percentage of my budget?
No. Unlike many buyer’s agents, we refuse to charge a percentage. We feel this practice works against the buyers interests. We will negotiate a fixed fee with you when you engage our services so that you know exactly what you pay for our service.
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Do you offer a guarantee?
Yes. If you are not 100% satisfied with our service and effort put into finding your property, we will offer a 30 day money back guarantee on any fees paid.
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Are your fees tax deductable for investment properties?
Yes. If you are purchasing an investment property, our fees are generally tax-deductable but we advise that you contact your financial advisor with regards to this.
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How long does it take to find a property?
This may vary depending on the property being sought, but on average would suggest you allow approx 4 - 6 weeks.
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Do you have any vendor services?
Yes. We offer a service whereby we can refer a reputable agent to you and assist in your dealings with them at no additional cost to you, but we do not sell property.
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Does your service stop at the purchase of the property?
No. Leading Edge Property can assist in building inspections, pest inspections, depreciation reports, final inspections, and all facets of the buying process.. We will not abandon you!
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Does dummy bidding still exist?
Since the introduction of “vendor bidding” the auction process is far more transparent, but it doesn’t necessarily stop dummy bidding. The laws against “dummy bidding” are only in place during the auction itself. The laws do not stop vendors or agents making false bids when the property is passed in, or in private sales.
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What do you advise on?
We can show you the benefits of positive gearing, negative gearing and other proven strategies. We can show you how property can be tax effective, and how to buy an investment property with little or no initial outlay. Not all strategies are suitable to all circumstances, and so we recommend you contact a financial advisor to discuss how these options effect your circumstances.
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How can you get a good buy at an auction if the highest bidder wins?
Auctions don’t always benefit the vendor. There is just as much pressure on the vendor, as there is on the agent as well as the buyers. Different strategies can affect what other buyers do and what agents may recommend to their vendors. Understanding the auction process and what agents, vendors and buyers go through can place you in an advantageous position. We know this process well and can give you the edge over other buyers, before, during and ( if required ) post auction negotiations.
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Are you a member of the REIV?
Yes. As an REIV member you are assured that we adhere to a strict code of conduct assuring you that we are industry professionals and always conduct ourselves in a professional manner. Through the REIV we also have access to the latest property data, which together with our other resources allows us to gauge the current state of the market and the true value of individual properties. The access by the general public to this information is very limited.
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