Tips for First Home Buyers

As is customary during the spring selling period, we are seeing a steady rise in homes coming onto the market. This is great news for buyers who are now presented with more choice and often more time to navigate the challenges of entering the property market.

There are many things to consider when buying a home but these 3 tips should provide the essential framework to be successful in securing the right property.

1. Shop around for a lender. Getting the best interest rate means servicing a home loan will cost you less. It’s a good idea to get pre-approval, which may allow you to bid at auction or alternatively will give sellers confidence when considering any offer.

2. Establish your buying criteria. Rank the features in order of importance which will make inspections easier to navigate. If you are flexible at the outset, you will not need to adjust your expectations later on and will give you the best chance of success.

3. It’s not a given you will get your first choice so consider alternative suburbs. Your dream home may be in the next postcode over and be far more affordable than you think.

If you are looking to buy, we would love to assist you to find your first home.

Until next week,
Nick Lord (Director)