Emile Salame: The Advantages of Hiring a Property Finder for First Time Buyers
Emile Salame is the founder of Cornerstone Asset Advisors Ltd, a company based in London that provides clients with an array of different services, accompanying them through investment and real estate asset management processes. This article will look at property finders and their potential to help first-time buyers not only identify the best-fit property for them but achieve the best deal possible.
For property purchasers, particularly first-time buyers, identifying just the right property can be a time-consuming and stressful experience. Not only do purchasers have the trawl through estate agent websites and property brochures for hours; they also have to set aside time from their busy day to find out whether the property is as good in real life as it appears in the listing.
A lack of experience of the property market places first-time buyers at a significant disadvantage. Many go into transactions blind without really knowing whether the deal they are entering into is a good one or not.
When it comes to purchasing a home, there is a fundamental market asymmetry. While the seller has an army of seasoned professionals on their side, including estate agents and solicitors, the purchaser is largely winging it. This is particularly the case with a first-time buyer lacking expertise. Enter the property finder, who can redress the balance by helping first-time buyers to find ideal properties and negotiate the right deal.
Like an estate agent, the property finder’s role is multifaceted. However, their central aim is to find the right property based on the individual client’s needs and help them achieve the best deal possible.
Property finders help to level the playing field for first-time buyers by providing them with information that would be hard to access otherwise. Buying a home is a life-changing financial commitment and one of the most important decisions most individuals will make in their lifetime. Enlisting the help of a seasoned expert helps buyers to ensure they achieve the best deal possible on any property they eventually decide to buy.
In addition to potentially shaving thousands off the asking price, property finders also relieve buyers of many of the stresses and strains involved in purchasing a first home. For first-time buyers, their lack of knowledge about the buying process can be a constant worry in itself. Securing the support of a property finder provides valuable peace of mind by enabling the purchaser to access to all the information they need to make the right decisions for them.
In addition to purchase price negotiation, property finders assist in a variety of other ways to ensure a smooth and efficient transaction. One of the most important ways that property finders help is by reducing the time buyers need to spend searching for and researching properties, enabling them to simply provide a wish list of their wants and needs and leave it to the property finder to create a shortlist of suitable properties.
One differentiating factor of property finders is their scope to provide access to new properties that have yet to come to market. Leveraging their far-reaching local networks and long-standing relationships with local real estate agents, developers and solicitors, property finders help clients gain access to off-market properties, guarding against ‘fear of missing out’ by giving first-time buyers access to every available property.
Benefiting from local market intelligence, property finders ensure clients buy in the right location and at the right price, as well as guiding clients through the entire purchase process and long-term implications of the move. Property finders also provide access to a network of seasoned professionals, including solicitors and surveyors, to help ensure a smooth and successful transaction from start to finish.