Lets take stock Takestock....
Clever play on words...never heard that before...
Selling a property involves say aobut 10k for the sale of an average property in Sydney and a once off fee.
So...you're paying a large sum of money to someone you don't know to do something you can do yourself (as many people do). Sounds like you're already attacking your own argument. BTW, $10K?? for the average property in Sydney. Please share the source of this information: I for one would love to know
As for conveyancing ...dangerous to do it yourself particularly if you get it wrong
As previously stated, I know there are people who do this themselves and would think you're crazy for
paying someone else to do something you could do yourself. But obviously
we all have different time restraints, different inclinations to do the work and different abilities, and therefore it is quite reasonable for you to pay someone else to do the tasks you don't wish to do. Starting to see the point here..
I would also argue that it is "
dangerous to do...if you get it wrong" your own real estate purchasing and selling. You seem to regard yourself as quite an accomplished property investor. That may, or may not, be the case, and if it is, well done. However, the annals of property investing are littered with sad and desperate stories of inexperienced and gullible folk who purchased properties ill-suited to their needs or at highly inflated prices. I would expect that a good buyers' agent could have helped those people enormously.
Now for buying properties. and not having the inclination or time to do it themselves. I think is code for laziness.
Similarly, as discussed above, with selling properties or with conveyancing (or anything else that requires research and understanding to achieve the best outcome). Yet, most people would not go around saying you're lazy (mostly out of respect, and an appreciation that everyone's situation is different).
Question...why would you want to hand $100s of thousands in terms of investment to someone else.
Answer: Ahh Grasshopper, you have answered your own question when you considered selling through a real estate agent.
Where I sit I can't recall anyone who has been successful and going onto a SUCCESSFUL property portfolio without applying effort.
Well, I'm not sure where you're sitting, however, I agree that success in property (and investing, and everything else in life) requires effort. Along that path of success, one has to appreciate their strengths and weaknesses. The smartest investors are those you understand this and leverage their time, stress and money by
utilising people who have more skill and experience than themselves in certain areas.
If you feel that you don't need a buyers' agent, then good on you. However, I don't understand why you feel it necessary to go out of your way and denigrate those who do (ie calling them lazy). After all, people who sell their own properties could go out of their way to ridicule you for wasting your money paying a selling agent, but why would they bother? They would probably find it simply disrespectful and would almost certainly have the maturity to understand that you simply didn't feel confident doing it yourself and that you wished to pay someone else to handle that for you.
It is quite funny that the people responding to the posts defending using BAs are novices....
What is actually funny, is your ability to jump to erroneous conclusions so quickly. I don't post here very often; in fact, I hardly read the forum anymore and so I apologise if I don't respond to any posts for a few days or even weeks, however, I'm simply too busy with my business, my investing and my family life. I recently completed a 6 block subdivision and I am currently involved in a consortium (as an owner) with the construction of a large hospital. (And yes...I've owned and renovated more residential properties than I care to think of in the last 25 years).
Novice...Not really (even if that is what it says on the Forum)
Good luck with your investing (and I hope you continue to have great success), however, I urge you to concentrate on progressing your own cause, and to have an appreciation for everyone else's situation.
