What is FAST?
FAST is our acronym that stands for the four stages of a property buying journey:
- Find: This is the initial stage where buyers look for suitable properties that are on the market from Sellers.
- Assess: In this stage, interested buyers evaluate a property’s potential, conduct due diligence, and consider financial feasibility. Here buyers often engage many industry specialists for specific advice related to a particular property.
- Secure: This stage involves preliminary negotiations and securing the property for a short period whilst various financing options and the feasibility study are finalised.
- Transact: This is the final stage where ownership is transferred and legal formalities are completed.