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3 steps to building the property expert team to back your goals

By Mo Zeitouneh

There’s an old saying: ‘alone we can do so little, together we can do so much.’ When it comes to property, nothing could be more accurate.

No matter how property savvy you are, enlisting the help of the right agent who knows the neighbourhood better than anyone, with the support of a wide team – from a practical financial advisor to a knowledgeable conveyancer – may help to achieve a better result for your property goals.

Agents are the key to drivers to net a better property outcome. Picture: Getty

Here are the steps to finding your support group, the secret ingredient to making your property journey a successful one.

1. Find the right agent

Buying or selling property is one of the biggest financial decisions you can ever make, and certainly one of the most stressful. You want to ensure the people around you are not only qualified, but committed to helping you find the perfect outcome. That starts with your first point of call; the agent.

The right agent has more than just a certification, they’re those who have been trained the right way, and those who never stop learning.

By staying in the know on your neighbourhood, property legislation, and compliance, the right agent can help guide you on your own personal property journey.

Real Estate Institute of Victoria CEO, Quentin Kilian, says REIV members have access to unique training and learning opportunities to always stay on top of the latest updates.

Qualified REIV agents are always on top of an ever-changing market. Picture: Getty

“We offer continuing professional development, which means our real estate professionals are able to go the extra mile for their clients,” Kilian says.

Use the REIV agent finder tool to find a local area expert. Talk to them and choose one that suits your needs.

2. You can get financial advice specific to your needs

After finding the agent right for you, it’s often time to start thinking about money.

Sound financial advice may help us achieve our goals faster, whether it be taxes, budgeting or superannuation, so why should property be any different?

A financial planner who specialises in property can help you budget and save for your down payment, negotiate a better mortgage rate and, most importantly, help you create a comprehensive plan that includes your long-term property goals.

Paul Feeney, founder of Otivo says a great financial advisor understands their client’s goals and objectives.

A financial planner can help you plan long-term property goals. Picture: Getty

“They will take the time to get to know their client so they can make recommendations in line with what their client wants to achieve,” he says.

3. You can avoid legal mistakes and extra costs

Whether you’re buying or selling, once you’ve navigated to the transaction, means then steering through a difficult regulatory process.

A conveyancer can steer you through these and alert you to potential pitfalls, says NSW solicitor Elizabeth Johnstone.

“A contract for the sale of land can be very lengthy and complicated — mistakes in the transaction can be costly and sometimes impossible to sort out later,” she warns.

“Conveyancers are working with contracts every day. They will explain the rights and obligations required and can help tailor the contractual arrangements to a client’s specific needs.”

source: rea.com.au

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