Value in using a Professional Property Buyer
Australians are not used to paying for help. We have that inbuilt sense of we can have a go ourselves. It’s a great attitude and has gotten us far. We have all seen these get rich quick schemes with big bucks to be made out of property renovating. However the truth of the matter is that it is hard to make good
money in this market. Flipping houses has taken on new meaning for many with the rise and rise in the housing market in the major capital cities. However it is not for the faint hearted. It is hard work and takes a lot of guts, skill and requires a tight rein on the purse strings.
There are a lot of people out there punting on property prices to keep going up. Not everyone that flips property makes money. Without proper research into the market and area some investors can come unstuck financially. However a property investor in it for the long term needs to have some plans in place and a strategy for the long term.
My late husband and I had a go at property flipping with moderate success. It should have been easy but it was a lot of hard work. In hindsight I can now see the benefits of engaging some professionals that could advise on all aspects of the buying and renovating process. Reading a few books and articles on hot spots in the property market may not give a buyer the long term view of a particular real estate town or suburb.
During my interview with Rich Harvey, the managing director and founder of Propertybuyer.com.au I kept thinking, ‘where were you years ago when I was leaping head first into the real estate market myself?’ Paying for advice may seem foreign for many Australians but the value you get in return may not be measured in short term gains. In the long term good advice can pay you back tenfold by having an investing strategy that includes buying in the right location and for the right price.
Property buyers need to take a long term view of investing as there is much money tied up in buying houses and they are not a liquid asset.The process of getting your money out can take months especially if the property is slow to sell.
Join me and listen to what a property buying expert as to say.
Until next time