Buying property in a hot market

When the property market is on fire, as a buyer you need to engage some clever techniques in order to snap up that dream property for the right price.

If you have been slaving away to save a deposit, it makes sense to snap up a property now as property prices are continuing to climb.

 

Be prepared

 

If you are serious about entering the property market, it is important to be prepared.  When prices continue to rise, you want to be in a position to make - and act on, an offer when you find that dream property.

 

Being organised can include the following:

 

  • Having a pre-approval organised
  • Knowing exactly what you can afford to spend and repay
  • Selecting a solicitor or conveyancer to act on your behalf
  • Engaging a building inspector
  • Ensuring you can access your deposit when needed
 
Be ahead of the pack
 
Don't wait for the local paper to arrive to locate your dream property.  Be pro-active and beat the market by getting out there.
 
  • Visit local real estate offices to reseach property before it hits the market
  • Speak with agents in the area you wish to buy
  • Outline the type of property you are looking for
  • Get yourself added to the agents mailing list and inform them of your buying budget
  • Leave your contact details with the listing agents
 
Flex some buyer muscle
 
When you are prepared, it gives you the ability to make an offer in writing - accompanied by a cheque for the deposit.  This then shows the vendor you are a serious buyer and ready to act...fast!
 
 
If now is the time for you to enter the property market or you wish to compare home loan options, please call me on 0425 826 967 or 03 9432 2121.

 

Posted in: Property market

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