Buying a house without stress — The 5 most important people in your life
If you want to make your next house purchase without any hassle or stress, then you need to have a select few professionals on your team to help you transition the stormy waters of the real estate market.
Here are the five most essential businesses you should have on speed dial, to make every real estate purchase a smooth and successful one:
1. A great local mortgage broker
Mortgage brokers are a wealth of information for anybody planning their next property purchase. Mortgage brokers are a kind of financial adviser who only deals with home loans.
Good mortgage brokers keep their finger on the pulse and can help you determine how much you can borrow. With this information, you’ll be able to shop around for property within a price range that you can afford.
They are the middleman between you and the lender and can significantly speed up your application by taking a lot of the processes out of your hands.
Here are a few quick questions to shoot at potential mortgage brokers that should help in your decision:
- How many lenders do they have deals with?
- What will your refinancing costs be (if applicable)?
- How much can I borrow?
2. A real estate agent that know the local area
It’s hard to get anywhere in the property market without a decent real estate agent by your side. Once you have all your dollars and cents sorted out with your mortgage broker, and know how much you can borrow, it’s time to find a quality real estate agent with a decent knowledge of the area in which you plan to buy.
A real estate agent who knows your financial ceiling won’t waste your time and theirs showing you properties you can’t afford. After asking your real estate agent about the best areas to live you will then need to arm them with information about the types of properties in which you are interested, which will go a long way to narrowing down your search.
3. An experienced conveyancer
You can technically do your own conveyancing, but with everything that can go wrong in a contract, why risk it. For the relatively small fee, you will save a conveyancer can provide a lot of peace of mind by ensuring contracts are watertight, all searches on a property are conducted accurately and ensuring that every piece of information about the deal has been divulged, so there are no hidden surprises.
4. A smart financial planner or adviser
While a financial planner may not be a necessary contact for purchasing a family home, they are an excellent asset for investment acquisitions.
Savvy financial planners will be able to guide you to best deals for maximising your returns and balancing your portfolio while ensuring you remain suitably diversified.
5. Great tradies on standby
Every new home has its quirks, and none are ever wholly perfect. GPO’s may need to be relocated or new ones installed by electricians, you may need ceiling fans or light fittings, plumbing may need a tune-up, and the house may be in dire need of a fresh coat of paint.
Whenever you are contemplating a purchase, always have a few trusted tradies on your contact list to save you time. It’s never much fun trying to find a quality tradesperson when you are swamped with every other issue involved in buying property.
