Some people can liken buying property to negotiating your way through a maze.
It can be full of time wasting routes, unexpected traps, which can result in unnecessary expenses, and missed opportunities or dead ends.
But it doesn’t need to be a difficult journey and if you surround yourself with an independent and professional team of experts, you can create a huge advantage and reach your end goal so much sooner.
The only way to find you’re ‘A Team’ is research, research and more research.
Buying a property is the biggest financial decision most of us will ever make.
By spending the time to find out who you feel most comfortable with and who you trust, you will save enormous amount of time and stress later during your property search.
Yes, there are ‘one-stop-shop’ companies that deal in every aspect of the property journey. They are sometimes easy to book in and in some aspect seem convenient but you are not getting the best or the most independent advice. By working with separate and 100% independent professionals, you are actually getting the best team from each field working together just for your benefit.
Having the right team to support you from the beginning can create an advantage over your competition by not waiting on someone to return your call or trusting the wrong person to advise your next move.
Assembling an expert team to support you in your property purchase will not only protect your interests in the property transaction, but your team will also lead you through the property buying process. You will find the process of identifying and the necessary due diligence for the property purchase a lot smoother and faster.
I recommend your real estate ‘A team’ should include a:
- mortgage broker and/or bank
- buyer’s agent
- conveyancer and/or solicitor
- pest and building inspector
It’s very important to conduct research into the professionalism and creditability of each company because your ‘A Team’ has a great deal of influence over a successful outcome.
You should be looking for your team before you even begin to look at properties. By locking in early the professionals you would like to work with you can create an opportunity to work with the best.
It is also extremely important to keep the lines of communication open during your property search. If you have not sourced your preferred professional team prior to looking at properties, they may not be available to complete the work you need. You increase your chances of securing the property you want by having professionals at your side ready to act on your behalf. Don’t wait for the right property to come along only to miss out or pay a premium because you didn’t have your ‘A Team’ ready.
Each and every professional in your ‘A Team’ will help you enormously throughout your entire property search. You are gaining their expertise, sound industry knowledge and professionalism to help you secure the property you want without wasting your time, money and not to mention easing your stress levels. The huge advantage is you are ready to move on the property you want and will be able to proceed quickly – you won’t waste time and you won’t miss out on that property!
Ensure before you get too far into your property hunt to have all the necessary members of your ‘A Team’ ready. The support from a good mortgage broker and/or bank, buyer’s agent, conveyancer and/or solicitor and a pest and building inspector will not only save you time, money but most importantly they will help you secure that great property.
Avoid so much of the unnecessary stress that the process to purchase a property can involve by surrounding yourself with professionals that are 100% independent and have only your interests in mind.
If you’re wanting to start building your property ‘A-team’ please feel free to contact me.
Post by Kylie Frearson