How to make your property buying journey a success
Be it your first or forth, if you want to purchase property without any hassle or stress, then you need to have the right team of professionals on your side to help you transition through the stormy waters of the real estate market.
To ensure every real estate purchase you undertake is a smooth and successful one, here are the five suggested partners you should include in your team:
1. A real estate agent that’s active locally
It’s hard to get anywhere in the property market without a decent real estate agent by your side. Once you have your borrowing power sorted and know how much you can spend on a property, it’s time to find a quality real estate agent with a decent knowledge of the area in which you would like to buy in to.
A real estate agent who knows your financial ceiling won’t waste your time and theirs showing you properties you can’t afford. After asking your real estate agent about the best areas to live you will then need to arm them with information about the types of properties in which you are interested, which will go a long way to narrowing down your search.
2. An experienced conveyancer
You can technically do your own conveyancing, but with everything that can go wrong in a contract, why risk it.
For the relatively small fee, engaging a conveyancer can provide peace of mind by ensuring contracts are watertight, all searches on a property are conducted accurately and ensuring that every piece of information about the deal has been divulged, so there are no hidden surprises.
3. An accountant
While an accountant isn’t necessary for the team when purchasing a family home, they are a must have addition when looking for investment acquisitions.
A diligent accountant will be able to maximise your tax offsets legally and ensure that you have the best tax minimisation strategies in place.
4. Great tradies on standby
Tradies are great contacts to have especially if you are an investor looking to buy, refresh and rent. It’s never much fun trying to find a quality tradesperson when you are swamped with every other issue involved in buying property.
Power points may need to be relocated or new ones installed by electricians, you may need ceiling fans or light fittings, plumbing may need a tune-up, and the house may be in dire need of a fresh coat of paint. These are just some of the common problem property buyers need tradies for.
5. A mortgage manager that works with you
A technology driven mortgage platform like loansHub saves you time and money and provide a wealth of information for borrowers planning on purchasing a property or refinancing.
With access to over 40 lenders, loansHub has all the calculators you need to determine how much you can borrow and on application, provides personalised loan options from multiple lenders for you to consider.
Being an online platform, loansHub gives you the ability to apply for a better home loan 24/7 and from the comfort of your home.
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This article via Smart Property Investment does not constitute advice; readers should seek independent and personalised counsel from a trusted adviser that specialises in property, a tax accountant and property design specialist.