BUYING A PROPERTY
Like marriage, home buying is one part love, one part legal transaction, and starts with a proposal.
For many people, it’s the biggest financial transaction they’ll ever make. That’s why getting it right the first time is so important. Armed with the right knowledge and know-how you can start to realize your homeowner dreams.
Get pre-approval from your lender so that you have a firm idea of what you can afford. You don’t want to accidently fall in love with a property that you cannot afford.
Talk about what you’re really looking for in a home. You probably have a vague idea, however there are a couple of things in particular that you should consider
So you’ve found the perfect home, what next?
Lets’ make an offer. Making an offer should specify price and all other terms and conditions of the proposed purchase. Offer may be subject to finance & satisfactory pest & building reports. In the event of the purchase being a unit it may also include a satisfactory strata report.
- What will you and your family need in several years? Maybe you’re a couple right now, but are there plans for kids in the future? A snug home for two could be unsuitable for three or four.
- What compromises are you willing to make? Do you need a large workable kitchen more than a luxurious bedroom? Think about what you are willing to sacrifice or compromise when it’s crunch time.
If you absolutely fall in love with a property, be prepared to lead with your highest possible offer, if you want to give yourself the best shot on a home that you really, really love.