1. Limited Research
Thorough due diligence is essential when assessing a property. This includes understanding recent comparable sales, reviewing local infrastructure and planned developments, identifying potential risks, and evaluating long-term suitability. Skipping these steps may lead to decisions that do not align with your objectives or budget.
2. Insufficient Property Condition Assessment
Reviewing building reports, strata records, contract terms, zoning and renovation requirements is a key part of the process. Overlooking these areas may result in unexpected costs, defects or restrictions. Involving a building inspector, solicitor or conveyancer early can provide clarity on any issues before you commit.
3. Unclear Pricing or Negotiation Strategy
Without comparing the property to relevant sales and analysing market conditions, it may be difficult to determine an appropriate offer or bidding strategy. A structured approach?grounded in data and comparable sales?helps ensure your decisions are objective rather than reactive to agent pressure or competition.
How a Buyers Agent Can Assist
A licensed buyers agent can assist with research, due diligence, contract reviews (in collaboration with your solicitor), pricing assessments, negotiation or bidding strategies and inspections. Their role is to support your purchasing plan with structure and informed insights aligned with your criteria, helping you navigate the Sydney and NSW property market with greater confidence.
Need help navigating the buying process?
If you're looking for structured support with research, due diligence or negotiation in Sydney or wider NSW, Iconic Assets can assist as your licensed buyers agent.
Book a Consultation