It’s the beginning of 2025, another year for new potentials to be realised and for you to expand your investments and properties for a brighter future. Don’t let anyone convince you otherwise—2025 is the perfect year to expand your real estate asset portfolio. Whether you’re just venturing into real estate for the first time or just getting the hang of it with two to three properties in your pocket, you definitely deserve to expand your horizons. Our best advice? Get a buyers agency in Sydney to help you navigate the ins and outs of real estate. If you’re on the fence about this, here are some things that will surely convince you:
- A buyer’s agent identifies and understands your needs in real estate – You may be looking at properties for the number of bedrooms, or the generosity of floor space, or even looking at potential expansion and growth. Whatever it is you’re looking for as a potential buyer, your buyer’s agent will align with your lifestyle and investment goals.
- A buyer’s agent is more familiar with the market – Now that your agency knows your requirements, your needs, and your real estate goals, they will use these as tools to help them scour the market to search for any potential properties. They can summarise a selection of really ideal properties that are more or less what you’re looking for. This is a great advantage of having a buyers agency because you can significantly cut down on time and effort looking at pages and pages just to filter property listings.
- A buyer’s agent helps negotiate price – Armed with market knowledge and a comprehensive understanding of market values and properties, you can rest assured that any property you’re interested in can be negotiated with. Alone, you risk yourself with the pitfalls of buying such as making emotional decisions, wasting time, bidding too high or bidding too low, and a lack of foresight of the market.
Now on to expansion of your portfolio, we’ve listed down some things you should remember:
- Capitalise on equity – Use the equity that is already existing in your properties to nurture your portfolio. Shrewd investors develop their real estate portfolio much quicker by taking advantage of available equity in their current investments. Talk about this with your buyer’s agency to navigate this strategy better.
- Grow your capital – Choose properties that will grow the most in value over time. Real estate wealth is built through appreciation of assets, not through passive cash flow from rental properties. You can understand this better when you have a buyer’s agent at your side.
You really should have the best team beside you when you’re aiming to expand your assets as an investor, not just in real estate, but in business and commerce as well.