When looking to purchase a house, inspecting the property with your own eyes is crucial.
Consider engaging the services of a buyers agent, Melbourne properties often have a number of pitfalls that more experienced eyes will pick up on.
To inspect a home, you will need to visit during an advertised open for inspection time, or arrange a time for private viewing.
When inspecting the house, do not feel like you need to rush through. Most importantly, do not show your cards. If an estate agent knows you are infatuated with the property, they know that you will be willing to pay more. Here as well, a buyer’s advocate is useful as they can handle the process of putting in an offer, providing you with anonymity.
Consider how comfortable you will be in the house. Having enough natural light and adequate sized rooms is important. A property advocate will point out possible issues with the property, such as inadequate parking facilities.
Bring a tape measure with you to the inspection. It will be useful to measure dimensions based on your needs. For example, you may want to measure out bed sizes in the bedrooms to check there will be ample room.
When you are considering purchasing a property, you may want to engage the services of inspection professionals to check the structural integrity of the house. Again, your advocate will be able to organise this service.
Look for a property with features that will ensure the property will retain its value for years to come. A timeless design, a sought-after location and an attractive street front are key points to notice.
Now you know how to inspect a property. It is recommended to hire a property advocate in Melbourne to make the process easier due to the surplus of buyers and scarcity of properties.
Most people have heard of real estate agents, but you may not know about buyers advocates, Melbourne being the city with the most use of buyer’s advocates in Australia.
Let’s start by defining real estate agents. An estate agent facilitates the selling of property. Typically, someone who wishes to sell a house will approach an agent, who handles the marketing campaign and organises the sale, whether privately or through auction.
A buyer’s advocate, known variously as a property advocate or buyer’s agent, helps a property purchaser through the process. Unlike an estate agent, the advocate is hired by the person buying the property.
An advocate is paid by the property purchaser, which is typically a small percentage of the sale price once the client purchases a property.
Buyer’s agents are particularly valued in cities with high priced real estate, with Melbourne being a noted example. A buyer can often save money by engaging the services of an advocate, whose extensive real estate experience means that they know the property’s true value.
The advocate will assist the buyer throughout the purchase process. The journey for a buyer might look like this:
Timothy wishes to purchase a family home. He has narrowed down his search to a few suburbs. He engages the services of a property advocate, who sits down with him to work out what kind of house will be most appropriate. They work with his budget and together they decide to look for four bedroom houses with minimal maintenance under one million dollars. The agent takes a few days to search for houses, and provides Timothy with a short-list which includes some properties not being sold through traditional channels, and he decides on one. The advocate then approaches the estate agent and negotiates on Timothy’s behalf, securing the property. They also recommend a lawyer to him to take care of the paperwork.