Regardless if you need a new home for your family or if you just want to flip a house, regardless if you’re buying a place for your kids to grow up with or a place to rent out for some passive income, buying a property is not an easy thing. There are a lot of skills and requirements involved that might be completely obscure to you. We’re talking about situations that you’ve never encountered and abilities that you’ve never gotten around to exercise. Fortunately, the situation is never so grim, seeing as how you’re not necessarily alone in this. With the help of the right property advisor, this scenario can be easily turned in your favor. With that in mind, here are seven reasons to always hire a property advisor.
1. They have education and experience
In the era of the internet, it’s quite easy for anyone to get access to some basic information. The problem, however, lies in the fact that a lot of people assume that this is enough. No internet post, no matter how elaborate and how well written is going to make you an expert in real estate in 15 minutes. What you need on your side is real knowledge that comes from real education and skill honed by experience. This is exactly what you get by hiring professional property advisors.
2. Help with the price
One of the biggest issues with the price of the property lies in the fact that to you, as a layman, it might not be as easy to make a realistic estimate of the situation. For instance, the price of the property A might look incredibly favorable with the property B, however, property A might need a lot more work to become move-in ready, which would make up for the difference in price. A skilled property advisor may take a more holistic approach to this situation and give you a more accurate estimate of the real price. They can also give you an honest opinion on whether this deal’s worth it or not.
3. Negotiating power
Negotiating is a skill that needs to be learned, trained and honed on a regular basis. If you try to sit at a negotiating table with a professional real estate agent, chances are that you’ll get the short end of the stick. There are so many techniques (people skills and property preparation methods) that they might be using, that you aren’t even aware of, that will make you desire the property that you know that you don’t need. A skilled buyer’s agent, on the other hand, will bring some negotiation power to your side in no time.
4. Specific knowledge of the local market
The next thing you should keep in mind is the fact that every market has its own specific rules. This is why hiring a local property advisor to help you out might be of great significance. For instance, if you intend to buy a property in Sydney, you might want to look for an agency like Curtis Associates to represent you. The amount of specific knowledge that they can bring to the table is simply incredible and it can provide you with a lot of leverage during this major investment.
5. Great network
When you decide to inspect a place, you’ll need a wide array of specialists, ranging from contractors all the way to electricians and plumbers. Then, once you decide to start drafting a contract, you’ll need a reliable lawyer on your retainers. Needless to say, these are just some of the experts whose assistance you’ll need before all of this is over. A professional buyer’s agent, on the other hand, probably has a network of contacts of their own, one that they’ll be more than willing to let you use if you decide to hire their services.
Sometimes you just need to bounce off some of your property-related ideas on someone but you can’t risk the idea that the word will get out. This confidentiality is one of the things that you gain by hiring a property advisor. Talking to a friend and family member might provide you with the same sense of satisfaction (saying your thoughts out loud) but the feedback that you receive from them won’t be nearly as insightful or revealing. This alone should be a reason enough for you to consider some professional help.
7. Handling the logistics
A person who never owned a property before might be unaware of just how much paperwork goes into all of this. Other than going through a bureaucratic nightmare to obtain funds necessary for the purchase (getting a loan), you’ll now have to deal with twice as many paperwork until the place is finally yours. With some professional assistance, you can outsource this task onto someone else and get to skip this arduous aspect of real estate purchase altogether. For anyone who has been through all this, this help is completely invaluable.
The very last thing you need to bear in mind is the fact that hiring a property advisor isn’t something that should be made lightly. So, take as much time as you need to ensure that you’ve hired the right person for the job.