Buying Tips
It is easy to be emotional, but you can only make a sound investment through research and planning. Consider:
- what do you really need/want?
- how much money can you realistically spend?
- what area do you want to live in or where is a good place to buy a rental property?
When researching, remember that Peter Blackshaw Real Estate has extensive market knowledge and can help you find the right property at the right price. You can gather valuable research through:
- local newspapers
- real estate publications
- display homes/ other exhibitions
- the Internet
To help you decide which houses to view, shortlist properties according to your needs, assessing criteria such as location, price range and the size of the home. Unless you have plenty of time on your hands, it is probably not worthwhile looking at a property unless it meets at least one or two of your criteria. You can then inspect each property to assess whether it suits your needs.
To avoid wasting time looking at properties you can't buy, and help you avoid missing opportunities in a price bracket you can afford, talk to a Clarity Home Loans representative about:
- types of finance available
- how much you can afford to spend
If you are looking at the types of properties that are being auctioned:
- attend a couple to 'get a feel' for what it might be like
- ask your agent what the procedures are at auction and what documents you need to take with you.
Once you negotiate and agree on the price, your agent will contact your solicitor and then prepare sales instructions and forward them to your solicitor. Your solicitor should then guide you through the process of exchanging contracts. You will be asked to pay a deposit, normally 10% of the purchase price.