During a recent property search with some clients, it occurred to us that there are many people out there giving property advice, but very few of them have any accountability or genuine expertise.
Without a doubt, friends, relatives and acquaintances want the absolute best for you. However, they’ve probably only purchased one or two properties in their entire life. On the other hand, we purchase a number of houses per month, every month, of every year, and have done for well over a decade. Just as you’d see a doctor for medical advice or a finance expert for financial advice, it’s wise to see a buyer’s agent when making possibly the biggest investment of your lifetime.
We know what questions to ask about the property and we know when to refer people on to building, legal or other experts to minimise any risks.
During a recent purchase, whilst conducting our due diligence, we discovered that a building extension on a property our clients wanted to purchase wasn’t council approved.
Due to our experience, we know the risks involved with purchasing a property without approval. However, as it was a legal issue, we recommended our clients seek the advice of their legal representative.
Their solicitor advised them not to proceed with the purchase.
Our clients didn’t go ahead with the purchase. We kept looking for a property that passed all of our due diligence and found them their perfect home.
Remember, the selling agent’s objective is to sell the property at the highest possible price for their client.
Our objective, however, is to look after the best interest of our client – the buyer.
So, the take away is:
When making any property purchase, only listen to those experts working in your best interests.