Are you interested in investing in commercial or residential real estate? If the answer is yes (or even a tentative maybe), it could be worth having a chat to a buyer’s agent about how they could help you and boost your returns on the property you purchase. Once you’ve decided whether to invest in residential or commercial real estate, you can speak to a specialised agent to find the right fit for you. Here’s what to look for in each.
Residential Buyer’s Agent
A residential buyer’s agent assists in the purchase of residential property. With a prime focus on generating long-standing rental returns for the client, this can set you up for much passive income in the coming years, if done well. This should be the residential buyer’s agent’s primary goal; in short, they should undertake all actions around the process of your purchase with your best interests at heart. So how do you tell if a residential property buyer’s agent is right for you? Well, one method of finding out is by asking to see their previous work with clients in the residential real estate sector. Do they have testimonials? Do they specialise in certain areas? You can ask about their methodologies, and find out what sets them apart from other agents in the residential field. With an investment as important as a residential property, it is important to find an agent who understands your needs and requirements. Some residential buyer’s agents also specialise in certain areas, so if you have requirements in terms of location, know that there are agents who have an understanding of the area’s history, present state and future prospects.
Commercial Property Buyer’s Agent
Whether you are experienced in buying commercial real estate, have solely bought residential in the past or you are investing for the first time, a commercial property buyer’s agent can help you. As is the case in residential, your commercial property buyer’s agent should be well-versed in the current commercial real estate market. Knowing how to accommodate the requirements of a commercial investor is a skill, and having an agent on your side can save you time, effort, and even money as your agent is able to negotiate the best deal on your behalf.
And If You’re Still Unsure?
When you have an obligation-free chat with an agent that has years of experience in both residential and commercial real estate, the good news is that they can help you decide which best suits your needs. With an in-depth understanding of both property markets, they can help you find the best property to bring you long-term returns for years to come.
We hope this article has cleared up the main differences between commercial and residential buyer’s agents. If you are considering investing in either, an agent on your side can give you the best results possible. From experience to powers of negotiation, to giving you access to off-market properties and insider property knowledge, there are a raft of benefits that come with this service.