What to Remember when you are a First Time Home BuyerInk Well Mag May 24, 2018 0 COMMENTS
Whether you are a first-time homebuyer or a veteran in the field, you definitely want to get the best deal in the market. For first-time home buyers though, this can be quite difficult and confusing which is why equire.com.au shares tips for you to be able to find your dream home.
Stick to your Budget
It can be pretty tempting to go overboard when you find a beautiful house offered by a real estate agent, but you should never give in if it is out of scope when it comes to your budget.
You should always draw a specific budget beforehand and stick to it. Sure, you may be able to afford the down payment, but what about the following monthly payments? If you know you cannot keep up with the payments in the future, then do not risk it, as this can only be a huge problem for you.
Hire an Experienced Realtor
Every first-time home buyer should assign a real estate agent to help them find their dream home. Make sure to interview the real estate agent and ask them questions. Here are a few pointers to ask:
- How long have you been in the business?
- How many buyers have you helped with finding their dream home?
- Do you know the area well?
- What is your form of communication?
- How do you look for homes?
By knowing the answer to these questions, you will be comfortable enough knowing that the agent knows what they are doing.
Research the Neighbourhood
Go around the area and ask for the houses’ prices. This will give you a good idea of how much the properties are and how much you should put into your budget. If you want, you can go around with a real estate agent to make sure that the prices around the area are accurate and comparable to what your allocated budget is.
Always do your research and ask around for recommendations and experiences. Good luck in buying your first house.