Fitzpatricks Real Estate

Buying a home is one of the biggest financial commitments you’re ever likely to make, so it is important you choose the right home.

Research is vital

Attend as many open houses as possible to get a feel for the market. This will help decide what type of home you are looking for and in which area. Investigate whether there will be any future planning or development taking place in the area you want to buy and if it is close to the amenities you require.

Get your finance sorted

Before you start looking at prospective properties get pre-approved for a loan. This will give you an advantage when there are multiple interested parties for a specific home and give you an indication of your budget. Purchase at an affordable level; carefully consider your income level and living expenses.

Am I entitled to any benefits?

If you are a first home buyer you may be eligible for the First Home Owners Grant. To find out if you are eligible visit the New South Wales Government website.

Buying at auction

When buying at auction you must be prepared to sign the contract and pay a 10 per cent deposit immediately after making the winning bid. Pest and building inspections must also be done before hand as there is no cooling off period when buying at auction.

Making an offer

Once you have found a property you like the next step is to make an offer. The agent will submit the offer to the vendor on your behalf. The property will remain on the market while the vendor considers all offers. Some negotiations may take place until an acceptable offer is reached.

Find out the latest listings

A real estate agent like Fitzpatricks is able to alert you to any properties coming up for sale. You can also find out the latest listings to hit the market by signing up for weekly updates from your real estate agent. Email updates are also available at realestate.com.au and domain.com.au

Following these tips and with the help of the right real estate professional, such as Fitzpatricks Real Estate, you’ll make a good purchasing decision that you’ll be proud of for years to come.

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