Tips To Help You Land The Right First Home
Buying your first home is a big step. With everything you have to take into consideration about, it’s understandable if you become overwhelmed by the process. The good thing is that there is a lot of advice out there from professionals and people like you who have already gone through the process to help navigate you through this stressful time. Here are Ann Paterson Real Estate’s tips to make sure you remain on track.
Know what you need – and what you want:
Get clarity on what you need from your first home – the essential things that you’re not willing to compromise and the things that you’d love but can live without. Go along to as many inspections as you can and think about how the homes on the market stack up against your needs and wants. Do you need to rethink what you’re looking for, or do you just need to wait for the right place to come up? The more clarity you have about what it is that you’re looking for, the better equipped you’ll be to get the best possible first home for you and your family.
Try writing out a list of your needs and wants. Spending time actually putting pen to paper can be really helpful for clarity.
Understand the market:
Patience is key. Don’t rush into buying a home without spending time really getting to understand the market. A lot of different factors affect the market, the time of year, the economy and changes to government policy can all have an impact.
Look through property listings to see how much different types of properties are selling for. Check the suburbs that you’re interested in and make sure to cover neighbouring areas as well. You might be tempted to buy the first home you see, but sometimes it’s worth holding off until you understand more about the market so that you can make a better decision.
Understand the process of buying a house:
Go along to open auctions to get an understanding of how they work. Closed bidding is similar, but you won’t be able to get this first-hand experience – you’ll have to do your research online, talk to real estate agents and talk to people you know who have done it themselves. The more you understand about the process, the better prepared when the time is right to take the leap.
And don’t forget…Get good professional advice:
Once you’ve thought through your decision, conducted your research and have a better understanding on the process of buying a house, you’re ready to seek professional advice. Find a good financial planner and talk to a reliable agent. Ann Paterson Real Estate is a boutique property specialist, that delivers an exceptional and unrivalled level of service, providing clear, accessible communication and strategic guidance on property purchasing.