Looking for a new home? Here are four tips to help make the process easier and faster.
House hunting can be exciting, but trawling through the listings and inspecting homes can take up a lot of time.
As time is at a premium for just about everyone these days, here are four ways to make the process of finding a home as quick and easy as possible for you.
1. Establish good relationships
Talk to your mortgage adviser, solicitor and local real estate agents so everyone is up to speed with your plans, and you know exactly where you stand too.
If local agents know of your interest they can let you know about suitable properties when they come up, and may give you some insights into property in the area.
Lining up a solicitor can make reviewing sale contracts, and negotiating conditions such as extended settlements, easier when crunch time comes.
Talking to your mortgage adviser can not only give you a good idea about how much you can borrow, but also give you access to valuable information about properties, suburbs and the housing market.
2. Research your market
Don’t waste time looking at properties and suburbs you can’t afford. By researching your market you can narrow down your search and quickly learn to spot a well-priced property or one that is overpriced.
A good mortgage adviser will have access to property listings, comparable sales in the area, suburb profiles and rental insights to help give you a clear view of the market.
3. Find out if you’re conditionally eligible for a home loan
With recent industry changes, using one of the various ‘how much can I borrow’ calculators online is no longer a reliable guide.
The safest way to determine your borrowing capacity is to talk with a mortgage adviser. If there are any doubts about your eligibility they can easily arrange an application for pre-approval without any cost or obligation.
Having a pre-approval will help you understand how much you could borrow, so you can look for a property in your price range.
4. Work out all your costs
Buying a home costs more than just the sale price. If you’re aware of all the expenses from the start this can give you a firmer grasp of your buying power and help you hone in on your new home.
A mortgage adviser will help you work out what your upfront costs will be, including stamp duty, conveyancing and bank fees. whilst also giving consideration to other possible costs such as building and pest inspections, insurance and removalist fees.
If you’d like more information, or wish to discuss your plans for buying (or selling), I’d love to hear from you. Oh, and my service is completely free!
Cairns Mortgage Broker – Jason Thomson is a Mortgage Adviser and Finance Broker based in Cairns with clients all around Australia. Client reviews featured on his website prove that Jason is a trusted industry professional, facilitating great outcomes for his clients. Using his wealth of experience in financial services, he thrives on delivering superior service. Jason is very approachable and is always looking for new clients to help in the often confusing world of finance and property. Offering a no fee service, you’ve got nothing to lose by having an obligation free chat with Jason today.