WBP Property Group Greville Pabst's advice for young investors
What advice do you have for a young investor or an investor just starting out?
Buying a property is the single biggest investment most people make in their lives, so it makes sense to take measures to ensure it’s done correctly.
My advice to investors, both new and experienced, is not to assume you know everything. Buying property can be incredibly complex, that’s because not all properties perform the same and there’s no set formula for identifying the standout properties.
Ensure you do your homework, which may include engaging a qualified property professional, such as a property valuer or property adviser, to analyze the historical performance of a property before you purchase it.
Seeking advice from a friend or family member may provide some comfort but despite their best intentions they don’t have the experience or qualifications to assess a property’s suitability to meet your goals. They are also unlikely to have the negotiation and bidding skills to secure the property via private treaty or in the heat of a competitive auction.
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