5 Tips for Home Buyers

Home buying tips, whether you're buying your first home or upgrading



1. Arrange your finance

Before you find your dream home, it is important to understand how much you can afford. Speak with a mortgage broker and they can arrange a pre-approval for you.

You should also have a look at our home loan repayment and compare repayments against what you have budgeted.

2. Research location

Research where you want to live. What is the average property price?
What services, schools, parks and transport links are available?
There are also lots of free suburb and property reports available which can help you.

3. Real Estate Agents

Meet with local real estate agents. Let them know what you are looking for and get on their list to be first to find out about new properties.

4. Inspections

Once you find your dream home, make sure you complete a thorough inspection. It is recommended getting a building and pest inspections completed by a professional.

5. Have a strategy

You're ready to put an offer on a property, or maybe go to an auction. In either case you need to have a strategy, it helps to be able to answer these simple questions:
- how long has the property been on the market
- are there any other potential buyers
- how much are you willing to pay



RELATED LENDING ARTICLES

Compare Home Loans Products
Why you need a conveyancer
3 biggest myths about  home loan small lender
4 steps involved in the property settlement