To state the obvious, ensure that your finance is in place. Obtain a pre approval letter from a financial institution/s stating the amount and terms prior to setting out on you journey to acquire.
Real estate may be considered as an evolving market, a market not dissimilar to that of the stock market. An ever changing market that is constantly affected by traditional and non traditional market forces. With today’s technology, not only must you have the implicit data, but importantly you must be able to analyse, dissect, formulate and arrive at a value that will encompass all market forces. In saying this, it is not enough just to collate data and hopefully be near where the value is, you need experienced professionals, not only in the sense of longevity of varying market cycles, but in being able to fully summarise and arrive at value taking all factors into account.
One of the factors which underlines the Melbourne property market regardless of sub market category, is the commentary and headline grabs that support a particular agenda. In most cases, it is a journalist that is stuck providing any true and accurate source of reference and hence sensationalises a headline and then grabs partial information and data to provide very general information to the property participant.
As a highly qualified professional with some 25 years of experience in the property industry, spanning from commercial to residential, from sales to development, from finance to investor, I feel that I have a sense of purpose of reporting to the market ‘as it is’, no hiding. Yes, perhaps general information, but in no way serving a purpose, of which, is usually to sell product or support the efforts of a group of individuals.