For most of us, buying a property only happens every seven to 10 years, so it’s no wonder we feel a little rusty when we have to plunge into property search mode
As a buyer’s agent, I’ve seen firsthand that having a reliable team makes the process of buying a property significantly easier, less stressful, and even enjoyable. Here’s a guide to the essential players you need by your side to ensure a smooth property purchase.
A Mortgage Broker
Did you know that over 70% of home loans are arranged by mortgage brokers today? A skilled broker is invaluable, customizing a financing package to suit your unique needs. They manage your pre-approvals, keep you informed about current market conditions, and guide you on which tasks you need to complete. Far beyond just arranging loans, a good mortgage broker will support you through the entire property-buying process, often becoming a trusted partner.
A Conveyancer
A conveyancer or solicitor is essential for handling the legal aspects of buying property. They’ll meticulously review the contract of sale, ensuring that all vital details are disclosed. Even though most contracts are standard, you don’t want to be the one caught out by missing a detail in the fine print. The peace of mind a conveyancer brings is worth every penny.
A Property Manager
For investors, a property manager is crucial, especially if you’re balancing a career and family life. A good property manager offers a rental appraisal before you buy and keeps your investment running smoothly post-purchase. Personal recommendations are often the best way to find someone reliable—ask friends, family, or even your buyer’s agent. Avoid large agencies with extensive rent rolls that may struggle with individual care. And remember, quality service is worth a small premium over low management fees.
A Builder
Planning a knock-down rebuild? Consulting with a builder before purchasing a property is a wise move. They’ll evaluate the suitability of the land for building, flag any construction obstacles, and help estimate costs. Even if you’re not rebuilding, a seasoned builder can assess a property’s construction quality, saving you from overpaying for inferior finishes. If it’s been a while since you’ve evaluated a property, a builder’s expertise can be invaluable.
A Buyer’s Agent
If you’re time-poor, unfamiliar with market trends, or concerned about making an emotional purchase, a buyer’s agent can be your guiding star. An experienced buyer’s agent offers market insights, negotiation skills, and access to off-market listings you won’t find online. Their expertise can be the difference between a stressful and seamless property-buying experience.
Final Thoughts
Building this A-team early on will give you peace of mind and expert support throughout your property-buying journey. From financial and legal guidance to property management and strategic market advice, these partners can turn what is likely your largest investment into a positive experience.
