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Buying a home is one of the biggest investments you will make in a life time. Make a mistake during the process and you can pay a heavier price in the long run. Vai IP & Commercial has extended its consulting division to include buying agency services. First time home buyers unfamiliar with the process can benefit greatly with the assistance of experienced and knowledgeable consultants in this field.
A buying agency, unlike the traditional real estate agents, act in the best interest of the buyer.
Principal of Vai IP & Commercial, Mea Vai, stated that whilst most of their work in property has been to do with conveyancing, he believes Papua New Guinean first time homebuyers need some guidance in the early stages before signing the contract to buy property.
“A lot of buyers we’ve seen go through a lonely process and tend to accept what the real estate agency or lender says. It’s good to consider their input but at the end of the day, the real estate agent and the lender have their own interest to serve. In the case of the former, who do much of the work in taking potential buyers around for viewing, they act for the seller so their priority interest is definitely not the buyer. That’s where we come in – consulting for the buyer.”
The service, Vai explains, can start from searching and compiling relevant properties, inspection and negotiations and with their in-house property lawyers, they can handle the legal aspect of a transaction. It is primarily a one-stop shop for a homebuyer once their finance is ready.
Potential home buyers are filled with excitement and emotion. Even before getting finance approval, they’re already out and about looking for property – some or many of them may be beyond their final budget.
“It’s a waste to time. Don’t spend too much time on looking around if you haven’t got your finance in order. Get pre-approval if you can and then start hunting. It’s more efficient and effective. What our consulting team can do though, when you get pre-approval or final approval is to look around on your behalf and find the property that meets your requirements. We look not only through traditional means, but other avenues where the properties are not yet on the market.”
In property, experience and knowledge counts. Vai IP & Commercial’s consulting team have experience as buyers, sellers, investors, developers and general property management. Over the 15 years, their experience in this field as mum and dad homebuyers have enabled them to assist other Papua New Guineans realise their dream of owning a home.
“It’s an experience and knowledge we want to share and although we have been doing this rather informally, creating this consulting division within our primarily legal practice expands our offering to include both conveyancing and buyer agency services. Ultimately, we become a one-stop shop for the home buyer as our lawyers can handle all the legal tasks for settlement.”
If you would like more information or complete the HomeBuyer Assessment form click this link.
You can contact Vai IP & Commercial – Property Consulting division on this email firstname.lastname@example.org