Who can I trust when buying a property?
Unfortunately no one ... not even family and friends!
Yes there are the obvious ones:
- Your solicitor - gets paid (in most cases) whether you buy or not ... but can't get sued if you don't buy
- The surveyor - gets paid whether you buy or not ... but can't get sued if you don't buy.
- The estate agent - only gets paid if you do buy
- The financial adviser or lender - only gets paid if you do buy
But what's this with family and friends? Its the biggest mistake many buyers, especially first time buyers, make.
Your friends and family members are not you. In many cases they don't share your tastes or ambitions and yet I see no end of buyers asking just those people if they should buy "this" property.
A daughter that loves the hum of the city and is thinking of offering on a flat in a busy street asks her mum for advice when her mum loves the peace and quiet of the countryside.
A buyer who loves period properties asks the advice of a friend who is a minimalist if he should offer on a period conversion.
They end up going round in circles, sometimes even buying places they don't like only to sell up shortly afterwards.
Only you know you and what you want so when it comes to buying a property its time for a little self trust!
To learn more about who is involved in a property purchase and what their motivations and hidden agendas are pick up a copy of my ebook How to Really Buy a Property.