Why Do I Need A Trusted Advisor To Guide Me Through This Investment Process?
Let’s say you go to your bank to secure a loan in order to purchase an investment property. The problem is that your bank doesn’t have the right product for your needs. What do you do and who do you turn to?
This is also assuming you know what the right product is. If you don’t, you may well find yourself getting pushed into something that isn’t going to benefit you.
Alternatively, imagine you decide you really want to buy a new home off-the-plan and contact a developer who encourages you to purchase units. Is this going to be the most appropriate way for you to invest your money? It may have nothing to do with what is going to be best for you. In fact, unless your developer is someone you trust completely, it is far more likely to be what is best for him.
This is the case across the board when it comes to real estate investment—from banks to builders to property managers. You need to be absolutely clear about what you need. If you are not sure what is going to work for you, you are likely to get taken in a direction that's more beneficial to the people around you.
Get The Right Advice
Consider a real estate sales agent. He goes to work in the morning. He gets on the phone and begins to work his way through a list of numbers. He’s got 100 calls to get through by lunchtime.
He calls and calls and calls again until he gets someone who shows interest. Then he starts steering that person towards purchasing the property that gives him the best result without necessarily giving that person what they need.
For really busy professionals, if the person on the phone is clever, then it can be easy to think it all sounds pretty good. The sales representative may reassure you that he will take care of everything. This means you can just get on with what you need to do.
The temptation to leave things in someone else’s hands can be very strong. That is when mistakes are made.
It's not just a question of having the right people in terms of going through the listings and finding a financial advisor or a quantity surveyor. It’s crucial that you have the people who are going to serve you and put your needs above their own. That means having the right financial advisor and the right quantity surveyor.
Quite simply, if you don't get the right advice from the right people, then you’re likely to run up against endless problems.
Trying to go it alone can present you with all kinds of difficulties that are really easy to avoid if you know what you’re doing. As we’ve seen throughout this series of articles, there are so many ways that investing in new homes off-the-plan can go wrong.
The flip side is that, if you get it right, then investing in new homes can be one of the most profitable and rewarding strategies you can choose. Once it is all set up, you can just sit back and let the money roll in.
You want your future to be secure. That is the whole point of investing money for your retirement. So why would you want to struggle around in the dark when you can have somebody shining a light on all the areas that are going to help you? Ultimately, it’s another way of providing yourself with security.
To your success,
Tony Myers
Australia’s Authority On Real Estate Investment For Busy Professionals