The Stress Of Buying Your First Home

If you are anxious about buying your first home is scary, don't panic. I remember that feeling. The debt. Finance failing. The fear of overpaying. It is a huge step. However the smartest move for your wealth. Property ownership is freedom. No more inspections. Hang a picture. You own it.

The best spot for your first purchase. Why?. Because we are affordable. It is possible to find in the $400s. Good luck finding that closer to town. It doesn't exist. Locally, secure a home a decent block within budget. We have units. The options are here.

But you need a guide. The process is tricky. Banks, brokers, agents. It is a maze. As a real estate agent gawler, I love first home buyers. I have patience. I don't mind the questions. My goal is your home. Here is the guide the steps easily.

Saving Up That First Deposit

Saving the cash is the biggest barrier. Getting that lump sum paying a landlord is tough. But you have to do it. Or do you?. Options. Low deposit schemes. A tiny deposit. Ask the bank. You could buy now.

Parents can help. Parental help secure the loan zero cash using their house. It is a big ask. Many do it. You avoid the insurance fee. This can save $10,000+. Consider it.

The old fashioned way, budget hard. Every dollar counts. Keep going. Settlement day you will forget the sacrifice. Don't give up. Your home is coming.

Talking To Brokers And Banks

Before you look before the loan. See a broker. Not just a bank. They compare. Lowest rate for you. Get an AIP. A document saying the bank will lend a budget.

The benefit? Certainty. At an inspection, you know you can buy it. Putting in a bid, the agent takes you seriously. If you tell me "I need to check finance," It is risky. A financed buyer gets the deal.

Brokers are free. The bank pays them. Go see one. You learn what you can afford. Don't waste time if your limit is lower. Disappointing. Know your number.

Budgeting For The Extras

Buying a house is just the start. There are hidden costs. Government tax. Here, stamp duty is high. Know the amount. However, if it is your first, no tax on new builds (rules change). Existing property, you pay it. Budget for it.

Settlement agent. Building inspection. Application fees. Truck hire. Power. It costs thousands. Keep some savings. Keep a reserve on the house. Money is needed for the process.

Talk to Brad Smith. I'll show you numbers the total. I can recommend good inspectors. Be prepared. Knowledge is power.

What To Look For At Open Inspections

Viewing homes, don't just look at the paint. Furniture leaves. Check the structure. Is it moving? Check gutters. Look at frames. Smell the air. Listen to the road.

Keep emotions check with the vibe. Value the layout. You can change the kitchen. You can't move the house. Your starter, opportunity. The dated one is the winner. Improve it. The shiny one you pay for the work. Be smart.

Get a building inspection. Essential. Small cost. Saves disaster. White ants, find out before cooling off ends. Major issues, withdraw (if conditional). Be safe.

Making That First Scary Offer

Making an offer is scary. How much? Don't offer too low. You might miss out. Don't offer too high. Ask the agent. "What will buy it?." I might not tell you the exact number, but I will guide you. "If you offer $400k, you will miss out." Listen to the hints.

Put it in writing. Just saying a price are weak. Paperwork is serious. You are committed. It is tangible. Higher chance to accept. Be brave.

If you lose, don't give up. Next one. Move on. Did you hesitate? Offer more. Experience helps. Don't stop. You will win. Let me assist. Welcome you home. I love it. Let's buy.