If you are looking for that special property – whether for your own use or as an investment – there are advantages to using property finders.
Finding a property is easy, right?
If you look at the internet or in the windows of estate agents or other specialist property publications, you will be unlikely to notice a shortage of properties for sale. So, it might be possible to contend that finding your ideal property is hardly difficult and therefore help in doing so is an unnecessary luxury.
However, finding properties for sale is one thing but identifying those that are suitable properties for your particular requirement set is something that’s quite different.
This is why property finders are required.
The difficulty with looking generally on the internet or in estate agent and property publications is that they are offering a view that is almost exclusively sales-oriented.
The materials are not pretending to give you an honest and objective view as to whether or not the property is likely to be suitable for your requirements. They are simply highlighting the fact that a given property, with a list of general characteristics, is on the market.
At that stage, there may continue to be a very significant amount of work required in order to ascertain whether the advertised property is likely to be suitable for you. For example, many people may have had the experience of going to see numerous properties which appeared to be a good match on paper but which, upon viewing, were shown to be anything but.
Of course, you may be able to identify those properties which are right for you in advance by undertaking things such as your own searches, interviews of the estate agents and so on. There are two fundamental questions that come out of this process though:
- Do you have the time;
- Are you sure you have the experience required to ask the right questions?
To those two questions must be added two more:
- How well do you know the locality the properties are located in;
- What is the market doing in those areas?
If you answer any of the above questions hesitantly, then it might suggest you are unlikely to be best positioned to identify those properties that might be suitable for viewing.
Property due diligence
However diligent your research and questioning of the estate agents might be, even if they are followed up by a promising viewing, you may still be exposed. That’s because there are aspects of prime properties that are unlikely to be picked up based upon a casual viewing or even standard property searches.
For example, it may be that an adjoining locality is currently experiencing growing social problems and falling property prices. Would you be comfortable that you will be able to identify such and then categorise them as potential future issues for your candidate property?
Once again, if the answer to that question is negative, it might be sensible to consider the services of professional property finders.
Off market property
Some properties are sold having never been widely advertised.
This might be particularly the case where prime properties are concerned, given that neither the vendors nor some potential buyers wish to display their interests and transactions in the wider public domain.
As a result, some prime properties are visible only to property professionals in the general geographic area concerned. This sort of “network sales activity” may have major advantages for all parties but unless you are using property finders, you may struggle to identify the network and exploit it to your benefit.
Property hunting takes time
Finding a suitable property is, being realistic, unlikely to ever be something that you can squeeze into a few spare hours here and there.
Inevitably, significant time is consumed and the only way to reduce that is to remove all activities from your responsibility list where you really do not need to be personally involved in a “doing role”. That might include things such as:
- Contacting numerous estate agents and property sales agents;
- Discussing requirements with them and making a preliminary identification of matching properties;
- Performing an in-depth investigation of those candidate properties, including screening viewings, in order to create a shortlist;
- Undertaking background checks on the shortlisted properties, in order to see whether there are any concerns that are not immediately visible in the property’s sales materials or whilst there in person;
- Discussing the asking price with the vendors and their agents, negotiating the best deal possible.
None of these activities necessarily demand your personal and in-depth intervention. That is, of course, if you have asked professional property finders to act on your behalf to source and acquire your perfect property.
Property finding service
If you would like to save time and reduce your risks, it might be sensible to consider the services of property finders.
Here at Garrington, we have an extensive portfolio of services we offer to our clients.
Why not contact us now to discuss how we may be able to help you further?