{"id":13771,"date":"2018-02-20T12:19:39","date_gmt":"2018-02-20T04:19:39","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=13771"},"modified":"2022-07-01T04:47:02","modified_gmt":"2022-06-30T20:47:02","slug":"real-estate-agents-value-add-clients-property-portfolio","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/real-estate-agents-value-add-clients-property-portfolio\/","title":{"rendered":"How real estate agents can value-add to their client&#8217;s property portfolio"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><span style=\"font-weight: 400;\">The real estate landscape in Singapore is evolving at a breakneck pace with advances in technology being the biggest disruptor so far. Gone are the days when the main role of real estate agents was that of being a \u201ctelephone operator\u201d or \u201ctour guide\u201d &#8211; revolving around the fixing of appointments and the bringing of potential buyers on a tour of the house. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this day and age, beyond marketing a sales listing across a myriad of platforms, the real estate agent has to constantly upskill himself or herself, keep abreast of the latest prop tech tools and last but not least, assume the mantle of being a property wealth advisor.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-13772\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/02\/iStock-670717038.jpg\" alt=\"real estate agent value add clients property portfolio\" width=\"720\" height=\"507\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/02\/iStock-670717038.jpg 1500w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/02\/iStock-670717038-940x662.jpg 940w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><\/p>\n<h2><b>What it means to be a property wealth advisor<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In the insurance industry, insurance agents are no longer just about peddling policies &#8211; instead they take a holistic view of the client\u2019s investment portfolio and are now playing a financial planning and advisory role. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the same vein, real estate agents can now value-add to their client\u2019s property portfolio by taking on the role of a property wealth advisor. What are the considerations one needs to think about as a property wealth advisor?<\/span><\/p>\n<h3><b>A solid understanding of your client\u2019s investment goals and finances<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">With the introduction of measures such as Total Servicing Debt Ratio (TDSR), Additional Buyer\u2019s Stamp Duty (ABSD) and Seller\u2019s Stamp Duty (SSD), investing in the local real estate market now requires a longer investment horizon and strong holding power. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Knowing how much holding power your client has is important in order to give valuable advice and insights on how best your client can grow his or her property portfolio. The runway for holding an investment property is currently around eight years, as opposed to investment patterns of the past where properties could be flipped within months. A property wealth advisor must be able to identify the type of property and location to invest in, which corresponds to the client\u2019s holding power so that he or she does not over-extend himself or herself. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Client\u2019s expectations should be addressed and managed in an open and honest manner. The last thing a real estate agent should do is to over-promise and paint a rosy picture just to close a deal. In some cases, rental income from an investment property may only subsidise the monthly mortgage repayments, and not fully cover them, which was the expectation of property investors a few years ago. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most importantly, a property wealth advisor must help the client identify his or her reason(s) for investing in property. Is the client looking to generate passive income from collecting rent? Or is your client looking to snag a unit in a development with enbloc potential? There are also investors who put their money in property to hedge against inflation. Whatever the motivation may be, the duty of the property wealth advisor is to match those reasons to the best of their ability with property advice that best fits the client\u2019s investment goal.<\/span><\/p>\n<h3><b>Looking beyond Singapore<\/b><\/h3>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-13773 size-full\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/02\/Image_Agent_Summit_ENG.jpg\" alt=\"sansiri global agent summit 2018\" width=\"600\" height=\"700\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Property wealth advisors know the importance of first movers advantage and how that can reap maximum benefits for investors who act early. With its proximity to Singapore, there\u2019s no better opportunity for a property wealth advisor to understand more about the investment potential of Thailand\u2019s thriving property market than at the <\/span><a href=\"https:\/\/go.99.co\/sansiri-register-today\"><b>Sansiri Global Agent Summit 2018<\/b><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With over 34 years of experience and expertise, Sansiri is Thailand\u2019s leading full service real estate developer. Recognised as one of the country\u2019s top three developers, Sansiri has been listed on the Stock Exchange of Thailand since 1996. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the <\/span><b>Sansiri Global Agent Summit <\/b><span style=\"font-weight: 400;\">which will be held on\u00a0<\/span><b>16th March 2018<\/b><span style=\"font-weight: 400;\"> at <\/span><b>Hotel Pullman Bangkok King Power<\/b><span style=\"font-weight: 400;\">, property wealth advisors can look forward to getting first-hand knowledge from analysts about the performance of Thailand\u2019s property industry and how it\u2019s in line with projected GDP growth, rules and regulations regarding foreign investment and visa privileges for property buyers (granted on a case-by-case basis). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sansiri projects have proven to be the top choice for many international real estate agent partners due to its comprehensive after-sales service and full marketing support, lending confidence to agents beyond Thailand.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-13774\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/02\/iStock-695373132-copy-2.jpg\" alt=\"property agents build trust\" width=\"720\" height=\"481\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/02\/iStock-695373132-copy-2.jpg 1500w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/02\/iStock-695373132-copy-2-600x400.jpg 600w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/02\/iStock-695373132-copy-2-940x628.jpg 940w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/02\/iStock-695373132-copy-2-440x294.jpg 440w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><\/p>\n<h3><b>Building and establishing trust is the name of the game<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">People will only take your advice if they trust you. A successful property wealth advisor is one whose client knows has his or her best interest at heart. It is never just about the commission earned, and how your clients can make you rich. It\u2019s all about how you can use the in-depth information you have, and the wealth of experience under your belt to invest and grow your client\u2019s hard-earned money. Making any property-related decision is an important one &#8211; buying a property is perhaps the biggest ticket item one can purchase in a lifetime. Be sure to live up to the trust your clients have in you by continuing to keep up with the latest trends and movements in the property market, both locally and internationally!<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Presented by <\/span><\/i><a href=\"https:\/\/www.sansiri.com\/en\"><i><span style=\"font-weight: 400;\">Sansiri<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">, Thailand\u2019s leading full service real estate developer. Don\u2019t miss out on getting first-hand information about the investment potential of the Thai property market by <a href=\"https:\/\/go.99.co\/sansiri-register-today\">registering your interest here today<\/a>!<\/span><\/i><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The real estate landscape in Singapore is evolving at a breakneck pace with advances in technology being the biggest disruptor so far. Gone are the days when the main role of real estate agents was that of being a \u201ctelephone operator\u201d or \u201ctour guide\u201d &#8211; revolving around the fixing of appointments and the bringing of&hellip;<\/p>\n","protected":false},"author":49,"featured_media":55036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[57131,53613],"tags":[54658,54659,54660],"persona":[],"class_list":{"2":"type-post","12":"entry","13":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- 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