Buying a home is a big step! There is a lot to consider, form the merits of buying over renting, doing your research, inspecting a property, making an offer, contracts and settlement. We want to take the mystery out of the home buying experience, so the Complete Property Buying Guide will cover everything you need to know from start to finish.
Sorting out your finances
Lenders may require you to have a deposit for your home loan. So if you are buying a home, you will require a deposit and the cash for your transfer and bond costs. If you don't have much of a deposit and need to borrow a large percentage of the purchase price, you should speak to a mortgage adviser who can talk you through your options. At Harcourts, we're thrilled to be able to provide you with complete service, from sorting out your finances, to moving into your brand new home. Talk to your Harcourts consultant about pre-qualification for a mortgage partner, ooba.
Once you have your finances in place, you have worked out your borrowing capacity, and perhaps sought pre-approval on your home loan, it's now time to know the market. Start to look at neighborhood that would suit your need and your budget. A great place to start is online. There are lots of property comparison sites on the web that will give you an indication of the average sale price of house, land and units in an area.
Take advantage of an open home and use the time to perform a thorough property inspection. Later on, you'll want to engage the services of a professional to inspect the building's structure and for pest, but it's a good idea to use your initial tour of the home to perform your own inspection.
So what should you really be focusing on in open home?
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