When you involve in property investing, working alone is a tough deal. It is such an impossible thing especially if you have goal of financial problems as well as creating long-term wealth. It is not a secret that involving in property business means you will need other’s skills, knowledge and experience at some points. Of course, being an independent investor is important so that you can handle the business on your own and grow up. However, working with reliable team is much more efficient and beneficial. One of important members of a team you need to have is property strategist. Lots of investors especially the beginners misunderstood property strategist as buyer’s agent or financial planner. They are different people with different role though sometimes they look similar.
Choosing the right property strategist for investment
Property investment is rewarding but it still has various risks and weighs you need to consider. It is too risky to purchase a property just because it has low price. Hiring property strategist means you will get advice as well as well-formulated strategies of what steps to take to make better investment. However, not all property strategist out there is reliable so here are things you need to consider in choosing the right one:
- Knowledge. It is important to choose knowledgeable strategist because how could they formulate a strategy if they don’t know things. More important point is, their knowledge is not merely gained from internet or books. They also gain knowledge from their own experience. That is why their knowledge about investment is more reliable than anyone else. The knowledge that have today has taken years to acquire. Therefore, they will be able to see things from a perspective that many investor can’t.
- Experience. Finding property strategist with lots of experience is a must because they can give you worked strategies that have proven to work in different circumstances. You see, experience is priceless. It is not something you can buy in the market. People with experiences are valuable. It doesn’t mean that young strategist is less reliable. Remember that age doesn’t define someone’s competency, knowledge, skill, or experience. Just make sure to ask about their experience in property investment such as how they handled a financial crisis.
- Unbiased and independent. Professional and more reliable property strategist are those who are unbiased as well as independent. Unbiased property strategist doesn’t have properties to sale so they don’t have hidden agenda. This is also what makes strategist different from buyer’s agent. Unlike buyer’s agent who is likely to be biased toward certain locations, strategist will tailor recommendation that fits your personal circumstances.
- Reasonable price. It is true that property strategist is hired by more successful and experienced investors. However, it doesn’t means beginner investor can’t do the same. Of course, the fee is one of the main issues but professional strategist’s advice is never too expensive. It is even valuable to spend your money on paying for their advice instead of for buying the wrong property.