The Importance of Seeking Expert Counsel When Investing
Property is without a doubt one of the biggest investments most Australians will make in their lifetime, yet – oddly enough – the majority won’t seek any professional advice. This state of affairs becomes even more puzzling when we realise that there are many service providers offering help in choosing the right investment and support. Below you will find a brief outline of three service providers specific to property investment, aiming to help you get the best return on equity possible.
Property Investment Adviser
A property investment adviser provides professional investment planning, strategies, risk management advice and market research to help investors achieve higher returns – and lower risk – specific to property. A good property investment strategist will ensure you make best use of your borrowing capacity, equity, cash flow and savings invested. With years of experience in the market, they know how to best read the trends and will be able to offer you better advice than any guide or list of quick tips.
In short, a buyer’s agent specialises in finding and negotiating the purchase of property on behalf of the buyer. This cuts out the hours of painstaking research and house visits and someone does that all on your behalf. As an investment, you’ll be looking to buy with your head and not your heart, and some people have trouble disassociating themselves with a property, always wondering how they would live in it and what would look good where. For those who are interested in optimising their returns from property, an investment property specialist will be their best bet
A mortgage broker acts as an intermediary, selling loans to a property buyer on behalf of the lenders. A good mortgage broker should find the best loan from a large range of lenders, based on your unique financial circumstances. Because financing is such an important part of property investing, this type of service can play a pivotal part in securing long-term growth. Without this sort of knowledge, you may well end up with mortgage repayments that leave you stretched and struggling to make ends meet. On the other hand, you may underestimate your paying powers and end up with a smaller mortgage than you can afford, meaning your investment is smaller than one you could have made.
If you’re planning on investing in property for the first time, it’s unlikely that you’ll be able to learn as much about the industry as the experts and investing in their knowledge and services will make your main investments even more fruitful.
Author: Sarah Paige is an investment enthusiast with advice on everything from maximising your return on equity to finding a good mortgage broker.
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