You’ve worked hard, and you finally managed to save a deposit. Now if only purchasing a property was as simple as clicking the ‘buy now’ button. In reality, trying to buy a property can be really stressful if you’re not prepared. So, here are some things that I reckon you should know before you start heading off to open houses.
Number one – Make sure you explore all your lending options. There are so many out there, so ensure you settle on one that keeps your interest rates low, and avoids extra costs like Lender’s Mortgage Insurance.
Number two – Set realistic expectations on where and what the house looks like to avoid disappointment. If you’re buying a first home, remember it’s more about getting in the market than buying your dream home.
Number three – Know the market. Surfing realestate.com.au isn’t enough. Do your research. Attend auctions. And speak to the agent to make sure you are fully aware of what properties are actually selling for.
Number four – Get some coaching on how you should behave on auction day. Your body language on the day could ultimately be the deciding factor in whether you achieve or lose your dream property. So good luck on auction day.