Buyer Solutions Top 12 Tips for First Home Buyers
Buyer Solutions Top 12 Tips for First Home Buyers
Buyer Solutions Top 12 Tips for First Home BuyersAttendees at our First Home Buyers Property and Finance Information evening last night loved Buyer Solutions Top 12 Tips for First Home Buyers. So here it is.
- Make a list of “Must Haves” and “Would Likes”
- Get your finance approved in principle and know your buying power.
- Organize your deposit. How much have you got? How will you pay it?
- Shop Around. Put in the leg work. Look at lots of properties in your target area before you are ready to buy. Ensure you know values and of properties above and below what you are targeting.
- Learn the local selling methods – sale by set date, auction, offers above, asking price- do you understand all the jargon and what it means for your purchase?
- The selling agent works for the Seller, not you.
- Be critical and look for faults and reasons not to buy. Mistakes in property are costly, remember stamp duty is around 5.5% of the purchase price and if you need to sell, and re-buy because you make a mistake, it will cost you.
- Ensure you have a capable legal advisor or licensed conveyancer
- Get a building and pest inspection. Well worth the money.
- Practice bidding at auction.
- If you are not a tough, unemotional negotiator, hire a Buyers Agent to negotiate or bid at auction for you.
- Be strong, persevere and don’t be emotional and over eager.
Remember – If you can’t do all of the above yourself, hire a reputable, experienced Buyers Agent who is fully licensed, a member of the REIV and REBAA
At Buyer Solutions we have worked successfully with many first home buyers and secured their homes. We are proud of our reviews and receive many referrals from past satisfied clients.
Buyers Agent, Buying property, First home buyers, Janet Spencer
+61 39816 8555