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There are two things to work out upfront: Which area best suits your needs and what type of property are you looking for? Before trawling through hundreds of properties, step back and develop a one-page checklist of things you really want and need. Setting your goals and deciding what you want from the outset will save you lots of time during your property hunt.
The property market is highly competitive and a finance consultant can assist you in selecting the best option. It doesn’t cost anything to get finance pre-approval, and it’ll put you in a good position to act swiftly when you find your target. Another tip is to make sure you have your 10% deposit available in “clear funds”, in other words that the money is readily available.
Once you’ve looked at a reasonable number of properties you might need to refine your preferences. Now it’s time to be decisive and dismiss those properties that don’t stack up. Review your notes and come up with a list of three or less properties that could work for you. Consider the following features and evaluate: Land size, building size (or internal property size), land view, proximity to amenities, functionality, land value and the state of the local market.
It is important to know the true value of the property in the current market. You need to have a clear strategy for securing a desirable property ahead of other buyers. You can attempt to work out the value yourself or you could engage a buyer’s agent to both appraise and negotiate the property for you. Getting independent advice and removing the emotion has proven to be very successful.
When buying a property set aside time to research and inspect potential properties every weekend. You’ll develop a real feel for the market. District will help you be alerted to new listings before they appear on the market. As you inspect each property, jot down some notes of what you like and dislike – this is essential as it’s easy to forget what you saw four weeks ago.
There are two things to work out upfront: Which area best suits your needs and what type of property are you looking for? Before trawling through hundreds of properties, step back and develop a one-page checklist of things you really want and need. Setting your goals and deciding what you want from the outset will save you lots of time during your property hunt.
The property market is highly competitive and a finance consultant can assist you in selecting the best option. It doesn’t cost anything to get finance pre-approval, and it’ll put you in a good position to act swiftly when you find your target. Another tip is to make sure you have your 10% deposit available in “clear funds”, in other words that the money is readily available.
When buying a property set aside time to research and inspect potential properties every weekend. You’ll develop a real feel for the market. District will help you be alerted to new listings before they appear on the market. As you inspect each property, jot down some notes of what you like and dislike – this is essential as it’s easy to forget what you saw four weeks ago.
Once you’ve looked at a reasonable number of properties you might need to refine your preferences. Now it’s time to be decisive and dismiss those properties that don’t stack up. Review your notes and come up with a list of three or less properties that could work for you. Consider the following features and evaluate: Land size, building size (or internal property size), land view, proximity to amenities, functionality, land value and the state of the local market.
It is important to know the true value of the property in the current market. You need to have a clear strategy for securing a desirable property ahead of other buyers. You can attempt to work out the value yourself or you could engage a buyer’s agent to both appraise and negotiate the property for you. Getting independent advice and removing the emotion has proven to be very successful.
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