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Property Consulting ..... Independant Advice

Peter Hay Director of Hay property Group MelbourneMore and more buyers are now turning to independent property consultants to assist them when buying a property. There are many benefits in engaging the services of the property consultant. Firstly a property consultant should conduct a full inspection of the property you wish to buy.

How much should you pay for a property?

Once having completed the inspection and recording all the relevant details of the property the consultant should then research the market to determine the tmc level of value for the particular property.

If your consultant applies sound valuation principals to their research, they should be able to advise you of a fair market range within which the subject property should sell. This range would be determined on actual sales evidence and not a figure plucked out of the air by an over zealous estate agent.

Real Estate Agents their moral responsibilities

A real estate agent is engaged by the vendor of a property to sell that property for the best possible price. The agents legal and moral responsibility is to the vendor and rightly so. Why do you need a Property Consultant?

Real Estate agents today are very professional and one of their tactics they employ when selling property is to find out how much money a purchaser has to spend.

The next tactic is to try to get the purchaser to spend that amount of money on that particular property, which may or may not be reflective of the true value of the property.

An experienced property consultant will ensure should you buy a property you will pay a fair market price and not a figure dictated by your budget.

This is especially important in cases where the purchaser may be borrowing a large proportion of the funds from a lending institution.

Should the property sell for a figure in excess of a figure a sworn valuer would put on the property for mortgage purposes, the purchaser may find themselves in an awkward situation by having insufficient funds to complete the purchase.

The same principals are also true at auctions, where skilled professional auctioneers, who conduct hundreds of auctions per year quite often have the ability to entice buyers to spend more on a property than they originally wanted to.

The benefits of using a professional consultant

An experienced property consultant can be of enormous benefit in these circumstances by recognising when the auctioneer is exercising his right to use vendor bids or dummy bids as they are more commonly known.

A skilled property consultant knows the way the auction system works and on many occasions will have first hand knowledge of a particular auctioneer and that auctioneer's idiosyncrasies and tactics.

Hay Property Group can also help you plan an auction day strategy that is specifically designed to give you the best chance possible to buy the property within your desired price range.

Our experience and skill in bidding at auctions has proven time and again

There now exists a real opportunity for buyers to level the playing field when it comes to purchasing Real Estate. Hay Property Group is experienced in all these aspects of real estate buying.

Our team of fully qualified Licensed Real Estate agents and Sworn Valuers can provide you with the right advice when buying a property.

To find out how a property consultant can help you purchase the property, contact Alan Stubbings or Paul Mornane for a confidential chat...You could save thousands of dollars!

To find out more Contact the Hay Property Group today.