When you are buying a home for the first time, one of the biggest challenges you will face is that you often don’t know what you don’t know. There are so many ins and outs to the process that it’s hard for first-timers to make every right decision at every step of the way.
For that reason, a little more research will likely be extremely valuable when it comes to avoiding some of the missteps other homebuying rookies have made in the past. The first thing you need to do in this situation is make sure you have a real estate agent by your side as soon as possible, according to The Balance. While you may not have much experience in shopping for a house, these professionals have likely closed hundreds of deals and will always know how to put you in the best possible position.
While the prospect of buying a home is exciting and it’s certainly easy to fall in love with any given property, it takes time to fully understand your options. It’s critical that you understand one simple fact: Buying a home means you should think in terms of months, rather than days, and the first house you visit often isn’t going to be the one you end up buying.
Even after you think you’ve found the right property that meets all your needs, it’s important to carefully inspect the house and make sure everything is as good as it appears to be.
You need to be prepared to act quickly when you’ve found the home that you want. As such, Today notes that this requires a lot of financial preparation, including building a sizable deposit (about 20% of the total price is customary) and getting approval on a home loan before you even go shopping. That way, you can have the confidence to put in a strong bid when you’ve found your just-right future home.
At Ray White Surfers Paradise, we have closed countless real estate deals for new and experienced buyers alike, and would love to be able to do the same for you. Get in touch with us today to learn more about how we can help you through the buying process, from shopping to closing, and ensure you are fully satisfied with your new home.
Message to Landlords: Addressing Australia’s Housing Crisis Hi there, it’s Andrew Bell, Chairman of the Ray White Surfers Paradise Group, joined by Amber Roberts, our dedicated General Manager overseeing both our Residential and Commercial Property Management operations. The housing crisis has become a pervasive topic in all spheres of … Read more
Issue 35 | Thursday 02 May 2024 | Unlocking Australia’s Housing Puzzle: A Call to Action Hi Andrew Bell here and it’s great to be with you this fortnight. It’s no news that we have a housing crisis for both renters and for those looking to purchase. In my … Read more