Buying a property can be a highly lucrative investment, life enhancing decision or a fantastic asset to pass onto the next generation. But if you dont use common sense, good judgement and the best advice available it can become a headache and potential liability. Experts such as buyer advocacy agents can help you to get the best possible deal on the property that you want, but what are some of the pitfalls that home and property buyers often fall into without the proper assistance.
One of the most important steps that many buyers often miss or do not fully complete is the series of house inspections that are recommended before purchasing a property. These inspections include but are not limited to; termite inspections, looking for mould and hidden damp, checking for unlicensed and unsafe wiring, structural assessments and inspection of any renovations undertaken by previous home owners that may present legal and safety concerns. Knowing how to organise these assessments and the extent to which these inspections need to be undertaken is something that professional buyer’s advocates can often help with. Dont obligate yourself to any property purchases without the essential and advised checks and inspections.
Dont dismiss buying at Auction! Many people avoid Auctions as they believe that the process is far too stressful. What many people do not realise is that part of the core service provided by buyers advocates is to represent prospective buyers at auction, allowing you to experience the financial perks of buying at auction without the stress. A buyers agent can work with you to determine your budget and requirements allowing accurate representation of your best interests at auction.
Buying a property without viewing it is a surprising, but common pitfall that many novice investment property buyers fall into. Whilst it is possible to do this effectively by enlisting the help of a buyers agent that represents your needs in a professional manner, unless you have hired the services of such an expert blind property buying is not advisable. Not viewing a property personally or hiring an advocate to inspect the property for you can leave you open to a variety of nasty hidden surprises, buying a property in Melbourne from Perth for example is entirely possible provided you are receiving the best possible advice available, such as locally based buyers agents Melbourne.
Locational issues can often vastly effect the future value and appropriateness of you property purchase, local experts such as buyers agent Melbourne based will be able to provide you with the best possible information on the areas to avoid within the Melbourne area. Local council developments and restrictions can affect your future ability to develop your property or change the environment the property exists within. Prospective zoning changes, proposed infrastructure and renovation limitations can all affect the future of your investment. Using a buyers advocate can save you a lot of money and heartache in the long term.