How to Find the Right Home …
When it comes to buying a property, one of the most detrimental mistakes that a potential buyer can make is to rush the process. Even the quickest transactions can take months, so it doesn’t make much sense to strive for a decision in the first couple of weeks and then spend the next few months wondering if the right decision was made in the first place.
Wherever the property is being bought in Australia, from the coast of Queensland to the inner Sydney city, here are a few tips and techniques to maximise your chance of finding the right one.
Viewing is key
It’s easy to fall in love with the first property viewed – after all many potential buyers are so keen to purchase something that they can call their own, that they are willing to overlook their own preferences. This can be a very bad idea and will typically cause long term suffering. Instead of opting for one of the first viewed, it might be a better option to take a look at ten to twenty potential homes instead. By the fifth or sixth you’ll already have a better idea of what you’re looking for and this can work wonders for your final decision.
Don’t be afraid to negotiate
Once the dream property has been discovered, the next step is to put in an offer. Many new home buyers make the mistake of meeting the asking price; but in reality this amount will typically be several thousand above the valuation. Instead, put in a lower offer (sometimes up to tens’ of thousands lower) and consider this a starting point. The best case scenario will be that the previous owner is keen to sell and will drop the price to suit. The worst case is that they might want to meet in the middle – but either way money is saved.
Define your specifications with your estate agent
If an agency has been hired, then there’s no better way to narrow down the possibilities than by having them take care of the hard work. Simply let them know the size of the home wanted, the amount of bedrooms, any key features and other contributing factors. The agency will review their portfolio and will only source the properties that match your specifications; all but eliminating wasted viewing times for housing that may not be suitable.
Keep your options open
No matter how much a particular home is sought after, there will be another just as enticing somewhere else. If an offer has been rejected or if the property has been snapped up by someone else – there’s no harm in going back to the drawing board. Simply start again, view new properties and don’t stop until you find one that meets your every need.
Real Estate Updates 2022
Read more about Sydney real estate agent Clay Chigwidden and his generous donation to a local charity.