Ray White revolutionises real estate in Port Douglas with new free service

BUSINESS FEATURE

Lisa Keller

Feature Writer

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Troy Erickson and Ray White Principal, Mark Flinn Image: Ray White Port Douglas

Buying a property can be a stressful time. Whether you’re a first time buyer or a seasoned investor, navigating the real estate market is a tricky task which is why we often look to the professionals for guidance.

It’s with this in mind that one Port Douglas agency has introduced their very own in-house mortgage broker, the first and only real estate agency in town to do so.

Working alongside the Ray White team for the past 12 months, Troy Erickson brings a wealth of knowledge and insight to the table with over two decades of experience in the industry through the extended Ray White Group company, Loan Market.

But what exactly is a mortgage broker and how does it benefit you as a potential buyer? “A broker acts as a liaison between a customer and the banks,” explained Mr Erickson. “Using a broker over dealing with a single bank gives potential buyers many more options on what different lenders are offering. I have access to more than 60 lenders which means I can uncover the very best outcome for clients. I’m in their corner looking out for them as a buyer to make sure they’re  getting the best loan on the table”.

But Troy's role isn't just about finding the right loan; it's about being your advocate in an often confusing landscape. His deep understanding of the unique Port Douglas property market ensures his clients are in the right hands. 

Ray White Principal Mark Flinn said it was the tricky landscape of purchasing property in Port Douglas that was the driving factor behind bringing in an in-house broker.

“Houses are a pretty straightforward property for a bank to accept, but when a buyer wants to purchase a unit or within a development that has a special management agreement in place, the lending rules can be different and that's where Troy's experience becomes an invaluable part of our service,” Mr Flinn explained. 

And the best part? Troy's services come at no extra cost. The complimentary service, courtesy of Loan Market, now rounds-out Ray White’s offerings to provide an end-to-end experience for you, the customer.

It’s this commitment to excellence that has seen the business crowned Port Douglas's Real Estate Agency of the Year 2023/2024 by RateMyAgent.com, an award Mr Flinn said the team was humbled to receive. “This was a great achievement, a complete team accolade. We work hard as a collective and are truly grateful to our clients and the community for their ongoing support”. 

For those looking to buy, Mr. Erickson leaves us with a few words of advice. “Hold on to your hats,” he laughed. “The markets are factoring-in two rate cuts in 2024 which would naturally be welcomed by owners and investors”. Mr Erickson also warned of ‘buy now, pay later’  facilities that may affect your credit rating down the track and advised all potential buyers to check their credit score online to see where they stand.

If you’d like to know more, contact Ray White Port Douglas.