What to do before you buy a property

Here at Professionals Ryder Real Estate, we understand that buying a property can be an incredibly stressful experience. In saying this, we have compiled a brief list of what to do when preparing to make the big purchase.

 

• First things first, it’s important to know what you’re looking for in your new home or investment property. You need to be specific when considering your preferences. This includes aspects like location, style, price, amount of bedrooms and bathrooms, backyard size and even appliances such as ovens. You will want to ensure you find a property that suits all of your needs, short and long term.

 

• Secondly, you will need to prepare your finances well in advance. This requires saving your coins for as long as possible, and getting help from a professional to understand how much will be suitable for you to borrow. If you begin saving in advance, you will be able to demonstrate your ability to the bank, giving you a higher chance of being pre-approved for a loan.

 

• Consider other associated costs. Sometimes it’s easy to overlook the fact that there will be many other costs associated with the moving process. This includes fees for conveyancing, stamp duty (if applicable), any pest or building inspections that you may want to complete and of course, any removalist costs. It’s crucial to include these when considering your budget.

 

• Do your research. Research every single aspect of the process. This includes researching the local real estate offices, their agents, comparable sales and even neighbourhood crime statistics. If you’re well educated, it will ensure that your experience is much less stressful.

If you’re searching for the most experienced real estate agents in Melton, contact Professionals Ryder Real Estate today, on 9743 6400.

 

For further advice on the process of buying a property, visit out ‘buying tips’ section of our website to download a free copy of our booklet, ‘Buying Your Home’. https://www.ryderrealestate.com.au/buying-tips/ or contact Professionals Ryder Real Estate Melton, on 9743 6400.