What’s the difference between a real estate agent and a buyer’s agent?

The main difference between a real estate agent and a buyer’s agent is the clients they represent. A buyer’s agent represents the buyer, finding property and negotiating the purchase of property on the buyer’s behalf.

A real estate agent, on the other hand, represents the seller (vendor). Real estate agents also require a license while buyer’s agents are generally less regulated. Patrick Leo delivers a rare combination of the two – even though we’re licensed real estate agents, we also act on behalf of investors to secure them the best investment property for their needs.

I’ve heard bad stories about property spruikers – what should I look for to know I am in safe hands?

You need to be confident that you are dealing with a reputable and credible agency. First and foremost, make sure the firm has a current real estate license. Other things to look for include the length of time the company has been around and testimonials from former clients.

Also, look at how many staff the agency employs and how many clients it has. Also, any investment recommendations need to be backed up with statistics and research information, which should be provided up front. Patrick Leo is a licensed real estate agency run by professionals with decades of industry experience.

With 12 dedicated staff, we have transacted more than 1,250 properties.

What is different about Patrick Leo? How does it help property investors?

Patrick Leo is a licensed real estate agency whose specialty is sourcing investment properties from all over Australia. With years of experience and access to the latest market data, Patrick Leo sources investment properties from growth locations located all over the country, including many regional towns and cities, to meet each client’s personal goals.

Employing a highly personal approach, Patrick Leo helps clients navigate every step of the acquisition process from sourcing the investment property to obtaining finance, coordinating conveyancing and acquiring the property.

Patrick Leo also manages properties for its investors, taking the hassle out of property ownership. The management process involves ensuring that properties and financial arrangements are constantly reviewed by Patrick Leo, with changes made as needed to ensure optimal returns for investors. And when the time comes to sell, Patrick Leo also manages the sale of the property - we’re real estate agents after all!

Should I buy new or renovate an older property?

This depends entirely on your financial situation, lifestyle and overall investment objectives. There is no “one size fits all” solution to property investment. Some investors are more concerned with cash flow while others seek long-term capital growth.

Patrick Leo helps you determine your investment objectives and maps out a strategy to meet them. For example, if your objective is to reduce tax, brand new properties deliver additional benefits when it comes to tax minimization. New properties are also easier to maintain and lease, so are often favoured by investors.

What does it cost to engage Patrick Leo?

This is possibly one of the best bits – there is no upfront cost to our clients. As licensed real estate agents, Patrick Leo charges a fee to the property vendor when you acquire your investment property.

Is an investment loan different to my home loan?

An investment loan differs in a few ways from a standard home loan. Generally. Investment loans have stricter eligibility requirements and often require a higher loan-to-valuation ratio (LVR), meaning investors need a larger deposit to qualify for a loan, unless they are using equity from another property.

Investment loans can also have a slightly higher interest rate than a standard residential home loan.

I’m getting cold feet, I’m scared to commit.

It is normal to feel a level of adrenalin and anxiety around big decisions – and an investment property is a big commitment. Patrick Leo has done the groundwork to ensure that the investment properties suggested for you are well within your reach so you can move forward with confidence.

Who will manage my property and tenants when I’m away for work or on holidays?

Patrick Leo can look after your property for you and handle all aspects of property management from sourcing tenants to collecting rental payments, addressing any maintenance issues and talking to tenants to make sure they’re happy! If you are frequently away for work, or just do not want the hassle of managing your investment property – Patrick Leo can do it all for you.

What do I need to do if I want to sell?

Patrick Leo can manage the sale for you. It’s what real estate agents do best! As licensed real estate agents, Patrick Leo will provide you with advice on how to achieve the best price for the property, coordinate any necessary repairs and upgrades on your behalf and also run the sales campaign.

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