Cursio Group can now help you to build a property portfolio

 

If property investing is your thing, we would love to help you with your next move. We are introducing a tailored Property Investment Services Package called ‘The Buying Coach’. We have recognised that for clients who like to build property portfolios to build wealth, there aren’t too many services around who provide an end to end Finance and Buyer Advocacy solution.

Adam Cursio is a Fully Licensed Estate Agent and he works closely with David Cursio in this offering who is a qualified mortgage broker. This service does not fall into the scope of financial planning at all, instead deals with direct established property investment negotiations and financing.

 

PROPERTY INVESTMENT SERVICES PACKAGE

Step 1. Discovery Session

The first step is to book in a no obligation discovery session with our team to ascertain if you qualify for this type of investment strategy.

You will need to be prepared with details on your income and expenditure, any existing home loans or liabilities and assets you own.

We will spend some time initially working out what your appetite for investing is and what level of risk you are prepared to take. Adam Cursio can help to guide you on what type of property investment strategy might suit you at this time. Some examples of strategies are:

  • Buying a long term rental
  • Buying a holiday rental which should be furnished and marketed specifically for holiday rental
  • Buying and renovating
  • Developing

 

Step 2. Finance Pre-Approval

Our expert Mortgage Broker and lover of numbers and detail David Cursio will work out if you qualify for a loan and afford to maintain a new loan. He can also order a valuation on any property you own to ascertain the levels of equity you have in your existing portfolio. A part of this plan may well be to first increase the value of your existing property through major or minor renovations. He will let you know what your borrowing capacity is before we go any further.

 

Step 3. Property Criteria

Adam Cursio LREA will help you come up with a list of criteria for your next property based on the earlier discussion around your attitude and plans for the future. You might find you are more inclined to buy a property to renovate whereas your partner might be unwilling to renovate and prefer to buy an established property with no work to do. Or you might one day want to develop and this should be considered when you go house hunting along with all the complexities of developing like the slope of the land for example which could significantly increase developments costs.

 

Step 4. Property Search

By now you are off looking for your property. We should be clear and point out we don’t present and recommend specific properties for you to buy. You will be armed with a plan which we can guide you on, but ultimately you will make a shortlist of the properties you like and we help to keep you on track and bring you back to the criteria we set for you in the beginning. This is very important as your emotions will come into play once you start looking, but we stay focused on your plan and adhere to the criteria that governs your search. We will inspect all the properties on your list and provide feedback and advice based on our experience as to how suitable each one is for you and your criteria. We also scan the contract of sale looking for details such as the title, zoning, easements, caveats, vendor information and anything else which seems worthy to note.

 

Step 5. Negotiating

Adm Cursio is a Licensed Estate Agent and Buyer Advocate. He will negotiate on your behalf once you have identified the property you would like to buy. Whether it involves an offer prior to auction, an expression of interest submission or a bid at auction, Adam will be there for you as a barrier between you and the vendor’s agent. Typically agents are very experienced at what they do, and having someone on your side puts you in the best position to negotiate well rather than being a pawn on the agent’s chessboard.

 

Step 6. Settlement, Renovating and Rental

We will help you to engage a local rental agent to manage your property or suggest a holiday rental agent if you have purchased a holiday home, for example. If you need to perform renovations on your property we may also be able to point you into the right direction with the relevant builder or trades required.

 

Step 5. Insurance

Once you have purchased a property it is always recommend you insure it immediately as soon as a contract of sale is signed. Other than home and contents insurance we may also find that you may also consider protecting your income as this could be the difference between you keeping your investment or having to sell it should something happen to your health. This is the point where you may be referred off to another financial planner to assist you going forward.

 

PROPERTY BUYING FORM

Commonly asked questions in the current market

How can you tell if we are in a buyer’s market?

The term “buyer’s market” refers to when buyers have more power in the housing market.

That’s usually when there are more houses for sale than there are people willing and able to buy them, giving the buyer the upper hand when negotiating the final price for a home.

The easiest way to do the research is to track a few property campaigns in your area. If you attend 4 or 5 auctions and stay in touch with the agents, you will quickly work it out for yourself rather than taking anyone else’s word for it.

 

Are there bargains around?

Again, don’t take our word for it. Keep an eye on the market in your preferred area to invest and compare recent sales with sales from 12 months and 24 months ago. www.realestate.com.au has a very handy sold property function that can help you to quickly work out what’s going on, rather than believing any economist or property guru. We have seen prices in the east and north of Melbourne as well as the Mornington Peninsula approximately 10% to sometimes 20% less than where they were 24 months ago. Having said that, prices may still fall further so you need to do your research and take responsibility for your own decision to buy now or wait.

 

How do you know when a buyer’s market is about to end?

The quickest and fastest way is to be around to witness when the pendulum starts swinging the other way at your local auctions. A more complex and riskier method is to join some dots and take a punt on it. If you think the recent news on First Home Loan Deposit Scheme is going to help to raise prices, or at least help to inject a positive narrative around property coupled with all-time low interest rates – perhaps this could be the kick start the property market needed to bring prices back to prior levels. You can read more on this here. It is important to note than lending criteria and the banks hold the ultimate key to property demand. When they let money out the door into the hands of investors, generally speaking the market will pick up as demand increases.

Since first writing this post we have now also learned about APRA deciding to remove the 7% lending floor on banks. You can read more about this here.

Please get in touch with our office if you wish to discuss a property investment for your portfolio.

 

Disclaimer:

Adam Cursio is a licensed estate agent (079340L) in Victoria. Adam Cursio provides Buyer and Vendor Advocacy services and is not representing any Australian Financial Services License holder when providing these services. This includes and is not limited to Synchron AFSL 243313.

David Cursio Credit Representative Number 401142 and Cursio Financial Services 400079 of BLSSA Pty Ltd (Choice) Australian Credit License Number 391237.