Tips for Buying Property

I’m always on the hunt for relevant info and I loved this - one of the best articles I’ve seen on this topic for a while. Here are a few paragraphs as a taster...

Research is the key

Always do research. You can never do enough research. A lot of people dive into the property market head first and blind folded, and that’s when people make bad purchases. If you like a property, find out about the surrounding area; find out the local crime rate, find out how much properties in the area recently sold for. Find out EVERYTHING. There are tonnes of websites out there that will give you all these details at no cost.

Prepare yourself financially

Financially prepare yourself before you make any offers- get financially sorted. Make sure you can afford the property. Make sure you have taken every cost into consideration, like conveyancing solicitors, stamp duty, survery fees, Estate Agent (if they apply) fees etc. Most importantly, make sure you can get the financial backing you need.

Structural Survey

Always get a structural survey done. With the newer homes, the basic or mid-ranged survey is fine. But with older properties, definitely get the higher-level inspection. Sure this may add expenses onto your limited budget, but it couldn't potentially save you thousands. Regardless, most Mortgage lenders will insist on a structural survey, as they won’t want to help you finance a house that’s about to fall apart.

Pretty valuable stuff, I’m sure you’ll agree! Why not check out the whole article here and share your thoughts with me afterwards: call 0434 506 909 or email me at [email protected].

Thanks,

Alex