Making the leap from investing in residential housing to commercial property can be very lucrative – and exciting – but if you’re planning to move into this space, be sure you don’t get caught out by the differences in completing your due diligence.
On the face of it, buying bare land might seem a far simpler task than purchasing a home. In reality, though, there are often just as many considerations and potential traps for the unwary. Buying a property tends to be an emotional experience for most of us, and even some of the fundamentals can get overlooked in the heat of the moment.
Of all the methods to buy a property, winning at auction tends to come down to a little luck and a lot of homework – but it can also bring risks for the uninitiated.
You’ve probably heard the expression “buyer beware” when it comes to trading property, but what’s not so well understood is that a seller can still carry significant liability.
There’s no doubting it, the Airbnb phenomenon has truly bedded in, and, much like Facebook, is such an intrinsic part of modern-day culture, it’s hard to believe it launched less than a decade ago.
