176 – 5 Things To Do Before You Buy A Property

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Show Notes

There are so many things you have to get right when buying a property.  Today we’re going to boil things down to their bare essentials. Here are the 5 things you need to look for when buying a property.

Research the local area

Where ever you decided to buy there is all sorts of information you need to know about the area.  Real estate prices, crime statistics, damage statistics are just some of the facts you need to know.

Why are they selling?

There are all sorts of reasons why someone is trying to sell.  If you get good information about why they are trying to sell you may be able to negotiate a better price.

Get your financing in place

There are so many rules around financing real estate and it’s getting harder.  Make sure you get pre-approved before you start negotiating the transaction.

Visit at different times

Real estate agents will always arrange a visit at the most opportune time of day.  Take a look at the place in the morning, the evening and the afternoon to get a better sense of what the neighbourhood is like throughout the day.

Get legal advice

You’re going to be spending hundreds of thousands of dollars on this property.  It’s a legal process so get good legal advice. It could save you so much money in the future!

More about this Show

We started Business Legal Lifecycle to create a simple way for you to understand complex legal terms.  Most importantly we want to help you to develop a plan to take your business successfully into the future.  There’s a startling statistic the underscores the importance of developing a solid plan.  The majority of business owners are just seven months away from losing everything.  A single aspect of your business that is not set-up correctly can shut down your whole operation very quickly.   Legal advice is not cheap and even when you can afford it there is often a divide between lawyers and their clients.  We want to close that gap once and for all.  We want to put legal knowledge and tools into your hand to prevent the worst from happening to you.

Twice a week we are going to deliver those tools right to your home or office with Business Legal Lifecycle TV.  We’ll start the week with Fast Fix Monday, a short 5-10 minute video that will tackle a single issue that businesses have to deal with.  Then on Wednesday’s our main show will feature with more fulsome discussions and interviews all delivered in a straightforward and easy to understand format.

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