You would have heard the term ‘fools rush in’ many times in your life and hopefully would have avoided experiencing the term yourself first hand. There are many times when it comes to decision making that you need to tread carefully and with plenty of forethought first.
Home buying is one of these decisions where you need to have thoroughly considered your choice before going ahead, as buying a home is a huge commitment. Our Position One property team is a team of professionals with longevity and experience in the industry. They will help you to make the right decision when it comes to buying property.
We will listen to your needs, requests and preferences and not try to force a square peg into a round hole so you end up with a home that is not suitable at all. If you want to avoid making some of the more common mistakes of home buying then come and talk to us and also take heed of the following advice.
Prepare and research
If you have chosen a suburb in which you think you want to buy then research it first. You might find the perfect home but you also need it in the right location to suit your needs and the needs of your family.
Things to consider, depending on your situation, are schools, public transport, shopping and any upcoming construction. The same is also true about researching for the right mortgage with the right lender.
You need to have your budget sorted before you buy. Get pre-approval if possible from your bank and have a clear plan on how you are going to afford a mortgage for your new home. Never go outside your means and always have a plan in place if the worst occurs, such as a loss of job loss, amongst others.
It can be easy to think about waiting for the right time according to the market but this is not always the best way to buy. Buying at the time that suits you financially is best. The market will ebb and flow and you may be tempted to be led by what the media suggests but always go with what is right for you—not the current market.
It is very easy to fall in love with a home, possibly the first one or two you see, and want to buy, but don’t do that. Always take the time to think about the decision, view other homes and don’t overstep your budget due to the love for a home.
Contact our office at Position One Property today to set yourself on the right path to making the best decision.