March 2017 Market Update - How to find your dream home
With the hot days of summer now mostly behind us, now may be the perfect time to shop for your dream home.
Unfortunately, the right property doesn’t just fall into your lap. Finding your dream home can take patience, dedication, time and lots of energy.
Thankfully, there are a few easy steps you can follow to ensure you find your dream home within your budget and without exhausting yourself.
When shopping for your dream home, the first thing you should do is write a list of features that your desired property must have, including the number of bedrooms and bathrooms you require, whether you need a covered garage for your car, or perhaps a generous backyard for your dog.
Once you know exactly what you are looking for, you can narrow down the list of homes you wish to inspect.
Don’t waste your time visiting properties that do not meet most of your requirements.
The second thing you need to do is keep notes.
If you visit six different properties in the space of two hours, chances are the homes will blend into one by the end of the day. It helps to take photos of the different properties you visit, write notes on the features you loved and hated, and always take the brochures being offered by real estate agents.
Thirdly, it pays to develop good relationships with your local real estate agents. If you are on friendly terms with your local agents, you will increase your chances of being shown properties that not only meet your criteria, but fit within your budget. Your local agents may even be able to show you properties that are soon to be listed.
Fourthly, it is imperative that you work out the costs associated with buying a home and how much you can afford to spend on a property.
At Mortgage Choice, we can organise home loan pre-approval for you so that you know exactly how much you can borrow, and how much you can spend.
Finally, when buying a home it is critical that you stay within your budget. Don’t get caught up in the excitement of buying a home and ultimately and spend beyond your means – this will only lead to additional financial pressures down the line.
If you would like more information, call Mortgage Choice today on 13 66 78.