The blunt answer to this question would simply be Yes. Successful investors have a good idea regarding the value of their advisory team when it comes to picking the right investments. If you get good advice from experienced professionals, it would increase the chances of having a positive experience along with the journey of wealth creation.
If you are looking for legal advice, you could easily find property investment advisors who could help you provide good investment advice. Finding property investment advisors in Melbourne is easy as you could find a lot of advisors if you carry out an online search. When you are seeking good quality property advisors, make sure that you speak to them and clarify your doubts or queries.
Regulation of property advice
Property is not a financial product. It means the financial planner is not qualified well to provide advice about the property as an investment option. Instead of this, they should rely on their personal experiences or look for advice from experienced property professionals. If you do not have a property advisor, the chances for you to invest in a bad property are high. Many innocent people have lost money due to poor investment all AC of proper advice from experienced property advisors.
Identifying a Spruiker
Spruikers are mainly salespeople. They sell the stock of developers for huge commissions without disclosing the fact to unsuspecting investors. You can tell that someone is a spruiker when they end up promising extremely high returns or get rich quick schemes for very little investment. They would even advise that you could buy a property without any deposit. The quality of their diligence is basic. When things go wrong and the property investment doesn’t perform as promised, the so-called advisors would not be found!
What does a property advisor do?
Property investment advisors Melbourne can come from many backgrounds and have their own skill sets to suit the role they have. I would also protect you from spruikers. They work for you who is an investor and not for the seller of the property. They are committed to increasing the knowledge of investors, guiding good investment decisions with excellent support and research.
Property advisors can easily help you to pick an investment-grade property, guide you through the settlement process, secure finance, purchase the property for you and arrange property management. They would not leave you stranded following the purchase as it is an ongoing relationship throughout the property investment journey.
What a property advisor cannot do?
A property investment advisor would not be qualified to provide lending, tax or legal advice. In such cases, they would seek consultation from other qualified professionals. If you require lending advice, the advisor would work closely with a mortgage broker. They would arrange for a good lawyer when you require legal advice. When you require tax advice they would refer you to a qualified tax accountant. You have to make sure that the property advice you receive is from experienced and independent property professional consultants.
