Whether you’re looking for your first home or thinking about an investment property or holiday home, the following steps will help you achieve a successful result.
Arrange your finance
Take a good look at how much you will be able to save as a deposit, or how much equity there is in your existing property/ies if you have one. This will give you a good place to start when it comes to deciding what you can afford. A good idea is to then work with a reputable mortgage broker to help you find the best home loan, and interest rate for your circumstances.
Mortgage brokers aren’t aligned with any particular financial institution so they’re really about finding you the best deal. They also don’t eat into your budget, as their commission is paid for by the financial institution you eventually choose. Harcourts can even help you find a mortgage broker in your area through our partners at Mortgage Express.
Select a reputable sales consultant
Looking for a property on your own is fine as a starting point, but when it comes time to dig deeper and really get to know your local area, it pays to work with a knowledgeable local expert and that’s where a great sales consultant comes in.
A sales consultant will be able to support and guide you through the buying process, letting you know the ins and outs associated with purchasing a new home. A local sales consultant should also be an expert on your area, and be able to let you know all about planned infrastructure upgrades, the best local schools, restaurants and where the closest public transport hub is.
But that’s not all, a trained sales consultant can help you with lots of other services that become handy after the buying process, like moving services and utility connection. So its handy to have one guiding you through the process.
Decide on what you want
Your list should include the most important aspects to you right through to the least important. This will also be a valuable guide for your sales consultant. An easy way to break it down is using a ‘must have’ and ‘like to have’ list, so you know what you are willing to compromise on.
Make the most of inspections
Don’t hurry through a property visit. Take your checklist and note down questions while you are there. After viewing a range of properties, you can easily become confused about which house had which feature, so don’t be afraid to take notes!
Manage your offer
Don’t get caught up in the emotion of finding the property you like. Carefully consider issues like fixtures, possession day, price, and consider a builder’s and pest inspection so you know exactly what you are purchasing.
Contact your solicitor
Your solicitor will make sure any unforeseen complications are highlighted through checking official records and information before the deal goes through.
Settlement and moving
Try not to move in on the same day the previous owners are moving out. You may not get access until late afternoon, which can hold up a professional moving company if you are using one and also cause more stress than you need.
Enjoy your property!
It’s been an exciting time looking for the right place, and a well-organised moving day will help everything go smoothly to start you off on the right note.