Seek out experts’ opinions
WHEN buying and selling real-estate, it is often the case that everyone you know wants to offer you an opinion on what the value of the property is and how to negotiate the deal.
This can often result in bad advice and failed attempts to sell or buy a property.
I believe buyers and sellers should use the appropriate people to negotiate and finalise the deal. Use qualified experts.
When presenting an offer to buy a property or looking to sell your property, always use a reputable and credible agent.
Good agents are skilled in communication and negotiation – two key skills required to get the best result.
Always use a solicitor to construct the contract.
This will offer you some protection and ensure the sale “goes through”.
When getting finance, use a reputable broker to help get the best finance for your situation, and therefore get the most suitable property for your financial situation.
While the above may be seen like common sense, it must be mentioned that you should only use these experts in their specific field of expertise.
On occasion, these experts want to offer advice outside their field of expertise, and this advice must be received with caution.
Each of the experts mentioned play a vital role, but their roles should never crossover.
For example, a broker should not give advice as to what you should offer on a property as they may not know the full details and specifics of the property.
A solicitor should not recommend a deposit amount on the contract as they may not know what the buyer competition is like for that particular property.
This may result in a “weak” contract and the purchaser losing the opportunity to buy the property.
An agent should not stipulate the terms of the contract or offer finance advice.
To put it bluntly – use the experts in their field of expertise.
The process of the sale and purchase is a major transaction and should be treated with a high level of respect. When you seek the right advice from the right people the process becomes a lot more enjoyable.