I was catching up with some close friends recently and like clockwork, the conversation quickly turned to real estate.
Now I know some agents absolutely despise doing the Real Estate Q and A talk when they’re off the clock or out with friends, but for me, living and breathing property means it’s difficult to switch off, and nor do I want to. Especially if I know I can help a friend or provide some quick advice that will help steer even a perfect stranger in the right direction when it comes to buying or selling property.
During this conversation I was having, it started to dawn on me that I had unknowingly played quite a significant role in the property investing life of my daughter’s best friend.
As many mums would agree, your children’s closest friends often end up as adopted sons and daughters of your own and it usually gets to the point where you start looking out for them just like you would your own siblings.
I am no different and since I’ve worked in real estate for the majority of my career, I have often been called on to give all sorts of general and random advice about property.
Here are just some of the questions that have been discussed at the kitchen table over the years…
- Is this a good area to buy in and what sort of things should I be on the look out for?
- If I’m buying a unit, do I still need a building and pest inspection?
- They don’t have a price on it. How should I negotiate?
- The agent has told me there is another buyer putting in an offer. What can I do to help my case?
- The agent hasn’t got back to me. What should I do next as I don’t want to miss out?
- The agent has told me xyz… That doesn’t sound right. What do you think?
- What happens when they say this to me?
- What are my options with the tenants?
As you can see, the list goes on and it doesn’t surprise me since buying a property is probably one of the most stressful and complex things you’ll ever do.
If you have never bought a property in Brisbane, or anywhere for that matter, then it can really help to have not only a trusted friend on your side, but also someone who knows the game and can help you navigate the minefield that is real estate. There is a lot to know and for the first home buyer or novice investor it can become quite confusing and sometimes even frustrating when you feel like you’re getting nowhere with sales agents, and all the other elements that make up the buying process.
My girlfriend’s friends, kids’ friends and even members of the family have all seen great benefits simply by picking my brains about property and I feel privileged to be in a position to help them.
So here it is, the 3 reasons why having a best friend with a mum in real estate is just the best. These responses are based solely on feedback from family and friends.
- She takes the pressure off. You almost feel like you have your own personal advisor or mentor by your side. It’s a stressful time and just knowing she’s there takes the load off.
- She can help you negotiate the best deal. Since she’s an expert property negotiator, she can help guide you through the negotiation and make you aware of things to watch out for.
- She is the sensible third party. When emotions are running wild, she’s the rational one who helps you to see clearly and make better decisions. Not only this, you know you can trust her 110% over just any old real estate agent.
As both a parent and a real estate professional, I get a lot of satisfaction knowing I can help not only my own family but also my extended one when it comes to buying and selling real estate.
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