When purchasing property, you’ll need a team of fire-breathing A-player professionals to ensure you get the most out of your transaction.
Having the right people by your side can ensure you purchase the best property available, at the right place, in the right condition, and on favourable terms with the bank.
Below are the five professionals critical for any property transaction.
The number-cruncher. The tax whiz. The master of the Excel spreadsheet. Your accountant knows your income like the back of their hand and can help you determine your investment potential when scouting the property market. They can also minimise your tax liability (legally, of course).
Property law is heavily regulated in every Australian State and Territory. You want to make sure your rights are protected every step of the way, and that nothing slips through the cracks in your transaction. Lawyers will advise on your rights before, during and after your purchase, and draft the contract for the sale of land you’ll need to execute.
- Property inspector
This is especially important when buying. Inspecting a property isn’t just a matter of walking through a house and saying “hmm, this looks good”. Professional inspectors are trained to check for any signs of structural damage – no matter how small those signs are. With an eye for meticulous detail, these inspectors will ensure they get to the bottom of anything in your property that looks remotely fishy.
- Buyer’s agent
A buyers’ agent can help you find the right property in the right location – whether you’re looking for an investment or a dream home. They know the market like the back of their hand and can help you pick a diamond in the rough, competitive market.
- Mortgage broker
Most people choose the bank they know to take out a mortgage. But that’s not always the best way to go about it. An experienced mortgage broker is a lending expert and can identify the most favourable loan terms with the bank offering the best deal. They’re not loyal to any one bank – and act solely in your best interests when choosing the right loan.
Build your team of A-Players, and watch success unfold.
If you’re looking to buy or sell a property, ensure you line up the right team of experts to support you purchase your next gem. They’ll help you tackle every challenge you come across and put you in the best position possible to crush your property goals.
Get in touch with Investorfi if you need any recommendations to build your team of specialists.