90 – How buyers agents can source development sites

Property Developer Podcast

Finding profitable development sites is a core responsibility for a property developer but increased competition in a hot market can make it very challenging at times. While most property is sold on the open market and found through popular sites such as realestate.com.au, plenty of transactions happen off market facilitated by people like buyers agents. A buyers agent acts on behalf of a buyer and leverages their network of agents and contacts to find properties that meet the brief of their clients. They can often find multiple opportunities that might be difficult for others to access. In this episode I speak with buyers agent Jordan Navybox about his work helping developers acquire development sites. I have always sourced my own sites, and never really entertained the idea of engaging someone to search on my behalf, but I can see how valuable it can be for someone to seek out and bring you the type of sites you are looking for, freeing you up to focus on other value producing activities. In this conversation we cover how a buyers agent differs from a regular agent, where they provide value and when you should think of engaging one. I think you will find this an interesting conversation and maybe using a buyers agent to source your sites might become your primary acquisition strategy. Property Development Training If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Social Connection Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcast Property Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/ Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Links CohenHandler - https://cohenhandler.com.au Episode Summary In episode 90 of the Property Developer Podcast, host Justin Gehde speaks with property buyers agent Jordan Navybox about how buyers agents can source development sites for their clients. Jordan is from a buyers agency that specializes in sourcing development sites for clients across Australia. Jordan begins by discussing his background in property investment and buyers agency. He explains how the firm specializes in sourcing development sites for clients who are looking to invest in property development. What is a Buyer's Agent? Justin asks Jordan to explain what a buyers agent is and how they can assist property developers. Jordan explains that a buyers agent is a licensed professional who represents property buyers in the purchasing process. They provide advice, research, and negotiation skills to help clients find and secure the right property for their needs. For property developers, buyers agents can help source development sites that meet their specific requirements. Why Use a Buyers Agent? Jordan discusses the benefits of using a buyers agent, particularly when it comes to sourcing development sites. He explains that buyers agents have access to off-market listings and are skilled at negotiating deals on behalf of their clients. They can also help developers identify potential issues with a site that may affect its development potential. How to Source Development Sites Jordan explains the process of sourcing development sites and the various strategies that buyers agents can use.