Buying a Property for your SMSF – Why Use a Buyers Agent


I openly admit that I am not an expert in choosing properties (indeed my own personal history with property investing is dismal to say the least but improving!). I work on the structure and strategy with my clients and recommend they do their own in-depth property research or lately I have been recommending people use a Buyer’s Agent if they are inexperienced or lack confidence, time or want help and advice but need to know that person is working 100% on their behalf.

That brings me to the title of this blog and I asked a local Buyer’s Agent here in the Hills District of Sydney who operates countrywide to explain the role and benefits of a Buyer’s Agent.  So here is our first Guest Post from Jay Anderson of Jay Anderson – Property Strategist | Buyers Agent | Property Advisor

“Empowering clients to make the right choices!” –

Jay Anderson

Searching  for a home to live in or investing in property, could at best be an intimidating experience. You wouldn’t invest half a million dollars in a business without a strategy or without a business plan, so why would you invest that, or even more, into a property without a plan or strategy? With a process of consultation we determine what clients really need to reach their own personal property goals. Through step by step professional guidance we determine a strategy suitable to our clients needs and finally implement that strategy, finding the home or investment property that credibly suits the designed and agreed personal property strategy.

Why use us as your Property Investment Advisor and Buyers Agent:

  1. We work exclusively for the Property Investor/Home Buyer. We have no alliances with any real estate agencies, selling agents or property developers and we fight for our buyers! There’s a clear distinction between our services and those of selling agents. We don’t sell property, have no ‘stock lists’ and as exclusive buyer’s agent, we only act for the buyer not the seller.
  2. We give our clients guidance throughout the entire purchasing process. We provide insight on the market conditions and the best areas to buy/invest in based on their individual needs and property ambitions, empowering our clients to make the right choice and purchase their ideal property at the right price.
  3. You don’t have to rich and famous to use our services. We can assist you whatever your budget is. We will save you money (we use great negotiation techniques), time (we do the running around for you, we source properties on and off market, attend inspections, provide photos/videos and will advise you what to offer) and alleviate the stress that often accompaniesa property purchase.
  4. We save our clients heartache. No more the need to try to figure out if my friends ‘advice’ at the BBQ to invest in that ‘hot’ area is credible or not! Believe it or not, but 80% of mistakes that’s made in investing in real estate are made at the buying stage. “You don’t know what you don’t know” and whilst you “can” do it yourself, there is so much at stake.
  5. We are a fee for service organisation and do not accept any sales commission or incentives from vendors, builders, developers or third parties. We are truly independent and represent the buyer only.
  6. We will only refer our clients to service providers that have their best interest at heart. We have created a safe environment for property buyers with like-minded people all focused on: ‘What’s in  the best interest of my client’.
  7. We carry appropriate and adequate Professional Indemnity insurance for the services we provide and are a proud member of the Property Investment Professionals of Australia (PIPA), Property Investors Council Australia (PICA), a Qualified Property Investment Advisor (QPIA) and a licensed Real Estate Agent (LREA)

Why not build your property portfolio on good foundations? Make your next property acquisition an informed one.

For more information please contact:

Jay Anderson

Property Strategist, Buyers Agent, Property Advisor

QPIA®, LREA, Cert Prop. Serv, Dip. Bus Mgmt, Dip. Hos Mgmt, CHRM

jay@jayanderson.com.au | Phone: 0410 746 200

https://www.jayanderson.com.au/

The SMSF Coach or Verante Financial Planning do not request or receive any commissions or referral fees from recommending services like Jay’s, we just want the best professional advice for our clients.

For more detail on Investing in Property through an SMSF check out our previous articles

Property through super in a SMSF – Part 1: Background

Property through super in a SMSF – Part 2: The Process

Property through super in a SMSF – Part 3: 20 most common mistakes

SMSF Borrowing: What Can I Do With An Investment Property Within The Rules.

Can I borrow to buy a house and land package off the plan in my SMSF?

Keep updated by putting an email address in on the left hand column and pressing the “Sign me up!” button. Happy to take comments in the section below.

Bye for now.

Liam Shorte B.Bus SSA™ AFP

Financial Planner & SMSF Specialist Advisor™

SMSF Specialist Adviser 

 Follow SMSFCoach on Twitter Liam Shorte on Linkedin NextGen Wealth on Facebook   

Verante Financial Planning

Tel: 02 98941844, Mobile: 0413 936 299

PO Box 6002 Norwest NSW 2153

40/8 Victoria Ave. Castle Hill NSW 2154

Suite 4, 1 Dight St, Windsor NSw 2756

Corporate Authorised Representative of Viridian Select Pty Ltd ABN 41 621 447 345, AFSL 51572

This information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. This website provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such.

ATO Looking to Challenge SMSF Trustees About Lack of Diversification


In a rare attempt to guide SMSF Trustees in how they should or shouldn’t invest the ATO has issued a news release about their intention to approach trustees who they believe have not got sufficient diversification in their SMSF portfolio. So it is time to review your strategy if biased to one asset class.

Does your SMSF investment strategy meet diversification requirements?

At the end of August 2019 the ATO intend to contact about 17,700 self-managed super fund (SMSF) trustees and their auditors where their records indicate the SMSF may be holding 90% or more of its funds in one asset or a single asset class.

They are concerned some trustees haven’t given due consideration to diversifying their fund’s investments; this can put the fund’s assets at risk.

They say further in the release that “Lack of diversification or concentration risk, can expose the SMSF and its members to unnecessary risk if a significant investment fails.

We’ll ask trustees to review their investment strategy and clearly document the reasons behind the investment decisions.

We’ll also ask trustees to have their documentation ready for their SMSF’s approved auditor for their next audit to help the auditor form an opinion on the fund’s compliance with these requirements.”

 

So what can you do:

It’s a time to be pro-active and not wait for the contact. Review your investment strategy and reasoning now and make sure it will stand up to scrutiny

6 Key Considerations for your SMSF Investment Strategy

Review the ATO guidance on Investment Strategies in a blog I did here:

SMSF Investment Strategy Explained

Understand exactly what your SMSF invest in:

What can my SMSF invest in?

Ideas on diversification that may help you understand why you need to diversify or to back your personal reasons for limiting your exposure to specific classes:

Best Performing Asset Class Annually for Last 20 Years

SMSF Investing – Understanding Home Country Bias

The added value of franking credits in a SMSF Portfolio

Understanding Currency Exposure When Investing Overseas in your SMSF

Are SMSF Investors really comparing Hybrids vs. Company Shares?

Everything you need to know about Property in a SMSF

BITCOIN, DOLLARS, GOLD: What Is the Future of Money?

SMSFs – allocation to international shares

How can you add diversification simply and cost effectively:

This is not a recommendation as you need to understand your own needs and that of your SMSF and to do your own research or get advice. this is just one example of how to access a broad diversification in a easy and cost effective manner.

Vanguard Diversified ETFs – A Game Changer for SMSF Portfolio Design

Are you looking for an advisor that will keep you up to date and provide guidance and tips like in this blog? Then why not contact me at our Castle Hill or Windsor office in Northwest Sydney to arrange a one on one consultation. Just click the Schedule Now button up on the left to find the appointment options.

Liam Shorte B.Bus SSA™ AFP

Financial Planner & SMSF Specialist Advisor™

SMSF Specialist Adviser 

 Follow SMSFCoach on Twitter Liam Shorte on Linkedin NextGen Wealth on Facebook   

Verante Financial Planning

Tel: 02 98941844, Mobile: 0413 936 299

PO Box 6002 BHBC, Baulkham Hills NSW 2153

5/15 Terminus St. Castle Hill NSW 2154

Corporate Authorised Representative of Viridian Select Pty Ltd ABN 41 621 447 345, AFSL 51572

This information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. This website provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such.

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