How to use property finders

Published Oct 4, 2018 – 3 mins read

Finding the right property isn’t easy. There is though, a way of avoiding some of the obvious pitfalls and that is to use professional help. Here we explain how to use property finders and their expertise to get that ideal property.

The joy and frustration of finding property

There are elements of property hunting that most of us find enjoyable. They might include things such as:

  • Looking at the initial photographs and high-level descriptions;
  • Doing some basic research on the surrounding area;
  • Going for an initial viewing and taking in the surrounding area;
  • Thinking about potential redecoration and other enhancement schemes

Unfortunately, there is another and much less appealing side to property-hunting:

  • Investing huge amounts of time on the internet going through the propositions of multiple estate agents;
  • Looking at a seemingly endless and vast supply of property details (UK government figures for July 2018 alone show that almost 100,000 property transactions took place). Many properties will not be a match against your requirements;
  • Viewing properties when it becomes immediately apparent they are unsuitable;
  • Trying to obtain additional information or fill in gaps in the property’s specification before deciding whether or not to visit it;
  • Researching the asking price against local prices for the area;
  • Comparing properties against each other in terms of their match to your requirements; and so on.

Ideally, one would look to retain the elements of the first group above whilst eliminating as much as possible of the second.  This is one of the major attractions of using property finders.

Using property finders

The first major attraction of this approach is that it may offer an immediate solution to most of the above negatives.

If you have a busy lifestyle, you may find it impossible to free up the time necessary to do a lot of the legwork involved.  Essentially, an expert property finder will be able to remove much of the initial administrative and unrewarding side of property finding from your list of “things to do”.

Not just for the removal of negatives

Property finders though are not just about saving you work.

A top professional property finder will be plugged into the overall property market in the area they cover.

Your property finder may well know of properties coming up for sale that have not yet reached full public visibility. Consultants are often privy to off market properties or given access in advance of an advertisement going live.

Their familiarity with the area should mean that they can steer you away from locations where they know there are “issues”. It’s not always safe to assume that potential problems in an area can be picked up from random internet searches or the local media. Equally, depending upon your requirements, they may highlight properties that appear to offer excellent potential in terms of equity growth over time.

You can have confidence that they are acting in your interests and not anyone else’s.  What that translates to is meaning that they’ll give you an honest assessment of the property and its surroundings plus the price being asked.

They might draw things to your attention about a property that would never have occurred to you.  Examples could include things such as highlighting its potential for expansion or conversely, that scope for future improvement might be limited in some way;

Knowing the local market and understanding property prices allows a property consultant to guide and advise on negotiations with a view to securing a property at the best possible price and terms.

How to use a property finder

Each professional working in this area will have their own way of doing things.

Broadly speaking though, they will need information from you to start with.  Some may obtain that from questionnaires, others may wish to have a discussion in order to ensure they have fully understood your position and requirements.

In advance of beginning their search for your perfect property, your buying agent will need to know the preferred locations or location criteria if you’re looking for guidance, whether the purchase is as a home, an investment, a second home or a holiday investment or even for a business.

They’ll also need to know your price range along with details regarding your lifestyle that might be important to the property itself such as keeping your bike secure or parking your car.

Intricate details regarding the location – are you commuting via public transport or by car and do you need to reach a particular school?

If you’re buying a property as an investment your property finder will need to have a thorough understanding of your expectations or requirements from the mortgage lender.

Property Finder Fees

Property finders may have different ways of charging for their services.

It is, of course, important that they clarify, in advance, the exact nature of the services being provided and how much they will cost over time.

Services of the type we provide here at Garrington may save you substantial amounts of time, as well as reduce the risks of you finding a property that subsequently proves to be less than ideal.

Next steps

We would welcome the opportunity to discuss our services further with you. Please contact us to discover how we can assist with your search.