Property Purchase Program is the secret to buyer success
Property buyers are currently in line for the opportunity of a lifetime, but you will need more than just money to ensure you set yourself onto a successful financial path.
With the banks offering record low interest rates and the post COVID-19 State and Federal grants and incentives, cash will certainly be plentiful but buyers will need to be on their game in order to make the most of the opportunity.
Leading Property Strategist, Debra Beck-Mewing, said buyers who are in a position to make a purchase will need to skill up now on key aspects of the buying process to ensure they make good choices.
“We see many buyers who are given loan pre-approval but then burn months and months trying to make a decision. It’s these buyers who then fall prey to the marketeers and spruikers who push them into problem properties as buyers become overwhelmed and worried about missing the grant deadlines,” she said.
Market forecasters are predicting property prices will spring upwards in the next few months, so buyers will be under pressure to make good decisions quickly. Most buyers will have some knowledge of one aspect of the buying process, but to be successful buyers need to be across all aspects. At a bare minimum, consider the following key tips.
- It really isn’t all about ‘location’- the most important issue is to ensure your strategy is best for you. Under no circumstances should you be trying to chase ‘hot’ suburbs as this is a recipe for trouble.
- Validate all property information you are given – this is particularly important when considering new, off-the-plan, or house and land purchases. Do not rely on ‘research’ that accompanies a property. Check the information with people and organisations not connected to the sale.
- Ensure you are clear on current prices in your target suburbs and always do comparable checks when presented with a property – look at similar properties on any of the major property portals for a quick sense check.
- Always conduct strata reports and building inspections, and gather as much information as you can before making an offer – use a checklist to increase your efficiency.
“Of course, buying a property has many nuances, twists and surprises but if they get it right, buyers can set themselves up for life. This is only achievable if buyers are prepared and organised.
“It’s easy to become overwhelmed, but we see how quickly buyers increase their confidence when they become clear on their target and have a good understanding of the process. After buyers have the knowledge, it’s much easier to make decisions and actually buy a property but in the current market they will need to be very pro-active”, she said.
For those people who want to make their purchases unaided, a range of guides are available from the Crave Property Advisory website. For those who would like some affordable independent assistance, visit The Property Frontline to access a buyers support system – the Property Purchase Program – for buyers who want the knowledge and support while doing the buying ‘legwork’ themselves.
The Property Purchase Program is unique in that buyers can obtain information specific to their needs, making it easy to overcome any barriers for each individual. It includes the following components:
- Access to a range of tools, checklists and guides helping buyers through the buying process from start to finish.
- Live group coaching streaming sessions where buyers can ask their questions directly to specialists.
- Help and support from a focused, private community.
- Buyer insider sessions where specialists provide insights that will provide the buyer’s edge.
For further details click here or contact us at 1300 289 289.
Buy smarter = limitless ways to build lifetime income
The Property Frontline is a unique property strategy and buyers agent service. As the only independent and unbiased advisory that can help you use any property strategy Australia-wide, our services extend to home, investment and commercial property. A highly client focused organization, The Property Frontline developed the Modular Investing System (MI System) to provide clients with the ability to use a tailored mix of strategies and efficiently build profitable portfolios that create lifetime income.
Debra Beck-Mewing is the CEO of The Property Frontline, and has more than 20 years’ experience in property investing, Australia-wide. She has used a range of strategies to build her property portfolio including renovating, granny flats, sub-division and development. Debra is a master in sourcing properties that have multiple uses and multiple exit strategies, and is a passionate advocate for increasing transparency in the property and wealth industries. She is a Qualified Property Investment Advisor, licensed real estate agent and also holds a Bachelor of Commerce and Master of Business. A skilled communicator, Debra is a speaker, author, host of a range of podcasts, Editor in Chief of Property Portfolio Magazine and participates on numerous committees including the Property Owners’ Association.
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Disclaimer – This information is of a general nature only and does not constitute professional advice. We strongly recommend you seek your own professional advice in relation to your particular circumstances.