What we do
Preparation and Planning
Why should I use a Buyer’s Agent when I could do it myself?
Engaging a Buyer’s Agent will save you time, money and stress. Most Australians will only ever buy one or two properties in their lifetime. For this reason, the learning curve is very steep and the lessons to be learned can be extremely costly.
What often happens with DIY investors is that they will purchase a property from a sales person without a proven process or success formula. They fall in love with the property without understanding the data relating to the area, suburb or street or they will react to a news article or internet search and after months of half-hearted searching will simply jump on the next property that comes along just to get the job done.
We have the experience and expertise to help you play the advantage without getting ripped off.
What is the difference between a Buyers Agent and a Selling Agent?
The main difference is who they represent. A Buyers Agent is a real estate agent that specifically works on behalf of the buyer to locate and negotiate on a property in line with the buyer’s specific instructions. A Selling Agent, on the other hand, works specifically for the seller (otherwise known as the ‘vendor’) to achieve the best price possible for the property being sold. It is against the law for an agent to work for both parties in the sale of a home.
A Real Estate Agent (selling agent) will only have a certain number of houses for sale in a specific geographic area (their listings).
A professional Buyers Agency (Wealthkey Property) will help you to explore the entire market for great opportunities that are just right for you!
This gives you, the investor, much greater choice and control over your purchase decision and your financial future.
What are your qualifications?
Our founder, Paul Mollica is a qualified real estate Buyers Agent. He is also:
- Member of the Real Estate Institute of NSW and also REIQLD
- An accredited Investor Friendly Agent
- Lifelong Learner …
Paul has had over 20 years experience as a financial adviser and mortgage broker. Paul now focusses his time soley on helping clients to build awesome investment property portfolios.
Do you ever represent the property seller?
WealthKey Property does not and will not ever do the following:
- Present you with off-the-plan or developer stock
- Take commission from vendors or their agents for a purchase
- Buy property sight unseen or without proper research and due diligence.
We will only ever represent your best interests in the purchase.
Do you find investment properties as well as owner occupied homes?
We act exclusively for real estate investors only. Buying a family home is very different to looking for an ideal investment property. When searching for an investment property we pay particular attention to areas that have capital growth drivers, good rental returns, tenant appeal and access to employment, transport, schools and shops to name a few.
What ongoing research do you do?
Our research never stops. As well as buying property that is in line with our current investors needs, we are constantly monitoring where to next. We understand that property moves in cycles and the only way to be on the leading edge is to understand what drives growth and also how to see the signs when a market is reaching maturity.
Some of the research tools that we use and subscribe to are as follows:
- APM Price Finder
- RP Data
- Australian Bureau of Statistics
- Local Council websites
We set up Google alerts for areas that we are actively investing in for our clients. We also monitor the mainstream media and other investment publications with a cautious eye.
If I engage your services, do you guarantee to find me a property?
Yes, we guarantee to find you a property and successfully close the deal. It is our job to match up willing buyers with specific needs to willing sellers. It is important to understand that there is no such thing as the ‘perfect investment property’. There is however, in all markets a property that is just right for you.
We are property buyers on your behalf, so we have a thorough understanding of your property search criteria and budget. We are always aiming for successful purchase on your behalf but will also encourage you to walk away from the wrong deal if needed.
How long will it take?
The time taken to secure your next ideal property will vary due to market conditions and other factors. We aim to secure you a property within 90 days. This sounds like a long time but is actually a reduction in time and risk. Having someone with an experienced eye who is actively working for you gives you the advantage of targeting the right deals sooner and eliminating risk.
Can I use my own contacts?
You are welcome to use your own advisors at any time and we will happily work in with your team.
However, one of the advantages in engaging Wealthkey Property is our extensive experience and connections we have built over the years. Our list of professionals understands the high standards we place on service, reliability and professionalism. These contacts are local, regional and interstate. Part of our process is to become a local area expert on your behalf and this usually means finding the best people on the ground (and also who to avoid) when assessing local professionals.
- Leasing agents
- Building and Pest Inspectors
- Solicitors and Conveyancers
- Mortgage Brokers
- And Financial Planners.
What if I find the property myself after I engage Wealthkey Property?
Working with WealthKey Property is a partnership to help you achieve a successful outcome. Finding a property is only one part of the process. If you find something you absolutely have to have and it ticks all the boxes we will help you to secure the deal. We understand that although you’ve engaged our services to find a property, you want to keep an eye on the market at the same time. We encourage open communication in order to best understand your preferences and dislikes in relation to specific properties.
Once you have engaged WealthKey Property, the fee is payable as per our agreement helping you to make the best possible decisions.
What happens if I change my mind on an area or type of property after I engage your services?
Our aim is always to get it right the first time. When you engage our service, we take great care to tailor a property brief that is right for you. This includes discussing different markets, areas, prices and property types. If you do happen to change your mind, there may be an additional fee to cover additional time spent to research and develop a new property brief. The chances of you changing your mind are extremely unlikely due to the level of care we put into our initial discussions with you.