Don't let your dreams get dangerously out of touch with realities.....
- Make sure you have a solid savings plan, and enough saved for a back
up plan if things go wrong.- Check your insurance status.
- Get financial advice from a professional before you start falling in love with properties. Remember that prices are often indicative and the market is competitive.
GET TO KNOW YOUR NEIGHBOURHOOD:
Use Suburb Profiles to get a sense of the property market in that area. Look at median prices, demand and supply ratios, demographics, how long properties are on the market, and other useful data.
SHOP AROUND:Mortgage brokers are great for helping you compare notes, but remember they work on commissions. That doesn't mean they'll give you bad advice, but it does mean you need to ask hard questions about disclosing any commercial agreements that might influence their recommendations.
Comparison websites like ratecity.com.au, homeloanfinder.com.au and iselect.com.au are among the best tools to help you make an informed choice. They list more than 100 lenders and give a blow by blow comparison of loan product features. Use them to make a shortlist of deals right for you, and follow up with lots of pointy questions for those lenders.
WE ALL NEED A SUPERHERO TEAM:
Do your homework and select a great real estate agent, conveyancer, lawyer and accountant (if you don't already have them in your life).
Last piece of advice..... take emotions out of the decision making process!!! Give yourself the time and space to enjoy the search, the discovery, and the moment it becomes yours. Let yourself be proud of what you've achieved!
No comments:
Post a Comment