27 Apr 2023 Podcast: Guest – How to Buy a Property That Will Stand the Test of Time with Aife Horsley
In this episode, Evelyn and Maddie sit down with buyer and vendor advocate Aife Horsley from Raveche Property Group to learn more about how buyer’s advocates can benefit homebuyers.
A buyer’s advocate is a professional who works solely on behalf of the buyer during the home buying process. They can help buyers navigate the complicated real estate market, source un-advertised properties, negotiate with sellers, and ensure that buyers get the best deal possible.
We discuss the specific ways in which a buyer’s advocate can save buyers time, money, and stress during the home buying process. Specifically, understanding why it is so important to lean on the professional knowledge of an experienced buyer’s advocate is. Whether you’re a first-time homebuyer, downsizer or a seasoned pro, this episode will provide valuable insights into the benefits of working with a buyer’s advocate.
Connect with Aife Horsley:
Raveche Property https://ravecheproperty.com.au/
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You Have My Interest provides information and educational content relating to mortgages, finance and property. You Have My Interest‘s content is general in nature and does not take into account the individual financial, legal or tax needs or objectives of its audience members.
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Podcast produced with Apiro
Please find a Podcast summary below with the interview highlights:
The episode begins with an acknowledgment of the traditional owners of the land. Hosts Evelyn and Maddie, both mortgage brokers, interview Aoife Horsley from Raveche Property Group, who is a buyer’s and vendor’s advocate with expertise in property transactions.
The discussion focuses on the role of a buyer’s advocate, their value in assisting property buyers, and actionable tips for those who cannot engage such services.
Key Takeaways:
- Role of a Buyer’s Advocate:
- Represents buyers in property transactions by conducting due diligence, inspecting properties, negotiating deals, and ensuring clients’ goals and budgets are met.
- Advocates leverage relationships with real estate agents to access off-market opportunities.
- Advantages of Using a Buyer’s Advocate:
- Saves time and ensures strategic purchasing decisions.
- Provides expertise in pricing properties accurately.
- Facilitates smoother negotiations and access to unique or competitive properties.
- Tips for Self-Research:
- Use council websites and property portals to explore local infrastructure, zoning issues, and market trends.
- Assess property aspects like size, orientation, and floor plan flexibility, which are crucial for long-term value.
- Market Insights:
- Established properties often outperform new builds due to tested market demand and unique attributes.
- Avoid over-reliance on speculative growth areas like mining towns, as these can be volatile.
- Good properties sell well in any market; poor-performing ones struggle in downturns.
- General Advice for Buyers:
- Identify properties that can’t easily be replicated in the market, as they hold better long-term value.
- Consider hiring advocates for full-service support to avoid costly mistakes and missed opportunities.
- Aoife’s Background and Perspective:
- Aoife’s experience in property law and owner’s corporation management informs her cautious approach to new builds and speculative markets.
- She emphasises the importance of balancing risk with informed decision-making.
- Final Tip:
- Take the leap if a property aligns with your goals, as missed opportunities often lead to long-term regret.
Aoife concludes by sharing her contact details for anyone interested in her services. Evelyn and Maddie encourage listeners to explore property and finance solutions with their firm, EverLend.