Purchasing a property is one of the biggest decisions that you will have to make but it does not need to be stressful. Preparation is critical and the following is a list of the major things you will need to consider:
Know Your Finances
Purchase of a property either as a home owner or investor is a financial commitment and includes not only the purchase price but other costs. These will include loan applications building and pest inspection fees, mortgage insurance, stamp duty, legal fees and moving expenses etc. Your will also need to determine how much you can borrow, the required deposit and the amount you can afford to repay. Discuss these with your financier so that you clearly understand what you can borrow and afford to pay back.
Find Your Ideal Property
It is very important to make sure the property you choose has all the features that you are looking for. This will help to avoid impulse buying a property that looks fantastic, but does not meet your needs. You should sit down and make a list of all the features you want and divide this list into needs and wants. Needs are those that are compulsory and must be there without compromise. Wants are “the nice to have” but if not available would not necessarily stop you from purchasing the property.
Begin The Search
Start researching the area where you intend to buy and find out what other properties have sold for. You will also need to consider local amenities such as schools, shopping and public transport etc. Good sources of information can include online property sites, internet searches, local newspapers etc.
Your local Real estate Agent is the best source for locating that ideal property and Reddy Set Sold is no exception. Not only will we show you through suitable available properties, but we can also provide a free buyer advocacy service. Just simply tell us your needs and wants and we go out of our way to find the right property for you.
Reddy Set Sold will work with other local agents to find your dream home whether they are listed or not.