3 must do steps to prepare yourself for buying a house
Feel like you know this week’s real estate guide back to front? If so, you’re on the right track. Doing your research and preparing yourself to shop around is an important part of securing your dream home. Here's three must-do steps to prepare yourself:
Posted September 27, 2016 by Kerry
1. What can you afford?
Before you do anything talk to us to find out what you can actually afford. We will take you through home loan products to help you find the most suitable loan for you. We will also ensure you aren’t looking at taking too much on financially for your situation.
2. Understand what you want
Understand and continue to remind yourself of what you are actually looking for. Are there things you can compromise on and things you absolutely need? Keeping a list of this will be a great reference point for you – especially if you decide to make an offer and enter into a negotiation.
3. Research the market
What’s happening in the area you’re looking at buying in – what’s sold, for what price and how long did it take to sell. This will help you to know if you’re walking into a bargain or if there’s potential for you to negotiate a better price based on market trends. Sign up for real estate alerts and get friendly with local agents – be honest with them as this will set you up for an effective relationship with the agent.
Did you know our specialists can put together a Property Report on a property you are interested in? The report includes information such as previous sales, area details and recent sales in the area.