Selecting the Right Experts

When you decide to transact on property there are people you know with experience and those you trust who can help guide you in the right direction. We are big believers in relationships like most professional people, and the business that we generate as a result of word of mouth referral. There are plenty of amazing people in the real estate industry playing their part in helping others transact, but there are significant differences.

The contrast between services on the surface is typically individual skills, abilities and the energy to get the job done. However drilling down, there are other important elements you should take into account, such as, the deeper knowledge that separates every organisation. We are referring to skills as a result of the ‘lessons learned’, people with a broad professional network, industry and business experience.

The important message is those wise old words, ‘do your research’. When deciding on services check out accreditations like membership to the industry body, REIV. This requires ‘Professional Indemnity Insurance’, and adherence to a professional a ‘Code of Conduct’. Then there is business licencing checks to operate, is the business currently registered, with an active ABN and/or ASIC registration. Take all this into account and you are better placed to make some smart decisions, backed by smarter people who know the ropes.

Getting Started

Buying for Beginners

Finance Approval one Important Step to Readiness

Before you enter the property market be sure to get finance approval in advance if you need it. People sometimes say I am not in a hurry, and that’s perfectly ok, however just be ready to move and for the following reasons. The task of buying is not as easy as you may think, and that’s in part due to low levels of quality stock in recent years across Melbourne. So today you are competing with more buyers for less available real estate than perhaps a more balanced market might present.

One you get organised finance remember that if you buy at auction it’s considered market value by the bank. However, if it’s a private sale, always make it ‘subject to finance’ to protect your interests. This is because the bank will want to do a valuation before handing over that finance approval.

Be mindful also, there’s nothing worse than finding a property you like and them missing it because you are not ready. The same can be said when not having the expertise by your side to bring those dreams to reality, times have changed, it’s no longer that straight forward.

Just remember financing is one part of a big puzzle, knowledge, strategy, relationship and expertise are the other priorities that ensure you come out a winner!