4 things to consider when choosing a property advisor
With investment properties it’s worth having an expert by your side
Are you looking for a property advisor who has a proper grip on market knowledge? Whether you’re new to the world of investment in real estate or more experienced in matters of investment properties, having a trustworthy property advisor by your side can make the entire process, not only more interesting and tailored to you, but 100% efficient and reliable.
Experience in property advisory
Experience goes a long way in any professional field and when it comes to international real estate and investment properties it is absolutely crucial. Moving to Europe or investing overseas is a huge step for anybody and often involves long processes that not only require in-depth practical knowledge, but the ability to navigate this business with ease and confidence. Ultimately, this means having a highly-skilled and experienced property advisor by your side, who can walk you through the entire procedure intelligently and effortlessly. Do your research: scour the Internet, ask for references, get a feel for what the different property advisors that have caught your attention have to offer. Get in touch, schedule a call or a video conference, make a list of questions, get acquainted with different property advisors and let your research support your final decision.
Language, culture, lifestyle
Does your property advisor speak your language? How about the language of the country where you’re interested in making real estate investments? Is your property advisor based in your target country? How long have they been working in investment properties in this country? The more a property advisor is familiarized with not only the country where you may be researching investment properties, but with local life and how things are processed in this country, the easier it will be to choose the professional you’ll want to work with. Understanding local real estate is fundamental, understanding the inner workings of a country, its lifestyle, culture and people is the complete package.
Investment properties portfolio
When choosing a property advisor, it’s vital that their investment properties portfolio align with your desires and requirements, both in terms of real estate characteristics, location and price. If their business mission is “what you see is what you get” instead of “we are dedicated to finding exactly what you’re looking for, even outside our listings”, it might be worthwhile to continue the search until you find a property advisor who is attuned to your vision and ready to go the extra mile. Be sure to inquire about their most recent investments in real estate, what transactions were recently closed or what they are currently working on and for whom. Having an idea of the property advisor’s client base will not only help you understand if you’re a good fit for them, it will also give you great insight regarding their work philosophy.
Commissions and other charges
The real estate market is expensive, and when you factor in high-demand investment properties in another country, on another continent, well expensive can quickly become even more expensive. This means that understanding, immediately and upfront, the property advisor’s commissions and extra charges, is fundamental to establishing a strong and trustworthy business partnership from the get go and avoiding any unpleasant surprises along the way. Please note that all sales commissions are paid for by the seller of a property and not the buyer. The buyer’s brokers and the seller’s brokers often split their commission which is paid for by the seller. As with all business investments, it’s important to weigh all the pros and cons, because sometimes, a higher commission brings with it a superior service. Be sure to clarify what is included and what is not.
If you have any questions or concerns regarding property advisory, how our business operates, what services we have to offer and how we can tailor our expertise to your specific requirements, please feel free to contact us – we’re happy to help.
