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Things To Look For When Purchasing A House
Purchasing a home is always an exciting process, but it can also be a very stressful and daunting time, with a lot of elements to consider. It is also a naturally very emotional process, and it is important to not let these emotions get in the way during the purchasing process.
Since purchasing a home has such long-term implications, we have various elements to look for when purchasing a house to make sure you don’t fall prey to any mistakes or issues.
1. Look For What You Can Afford
Knowing what you can and can’t afford helps set your house-hunting process on the right foot from the beginning. Falling in love with a home is often hard to come back from so falling in love with a property, only to realise you can’t afford it, is incredibly devastating. Finding out your affordability first makes things much easier and allows you to find a home you can afford and fall in love with.
2. Get Pre-Approval
Many people don’t realise that what the bank says you can afford and what you know you can afford, are often two very different things. Getting pre-approval allows you to save time for everyone involved and again, saves you a lot of heartache. Pre-approval also allows you to shop around without a time limit to get the best interest rate.
3. Shop Around
This point extends to both the area and the bank you choose to use. Shop around for area – you may have your eye on one area, but even just being open-minded and having a look at another close by area may offer you a better deal you hadn’t considered before, in terms of better schools, bigger properties, bigger land and more. Shopping around for a better bank can get you a better interest rate, even if it’s with a bank you don’t normally bank with.
4. Work With A Bond Originator
Where possible, work with a bond originator. Bond originators often have years of experience and therefore have often built up excellent relationships with various financial institutions. This means they can often assist with either getting you an incredible rate, or at least a better rate than you would’ve been able to get on your own. They may also be able to speed some parts of the process up and will be able to give you updates on where your application is, which offers a lot of peace of mind.
5. Do A Thorough Property Check
If you’ve found a property you really love, make sure you do a thorough inspection of the whole house. Check for things like mould, damp, noise levels, neighbourhood issues, wall cracks, foundation issues, and signal issues. Also make sure you speak to the neighbours about any previous issues the sellers may have had.
Purchase a property within the award-winning Sitari Country Estate and enjoy complete peace of mind in the property you’re purchasing.
THINGS TO LOOK FOR WHEN PURCHASING A HOUSE.
Purchasing a home is always an exciting process, but it can also be a very stressful and daunting time, with a lot of elements to consider. It is also a naturally very emotional process, and it is important to not let these emotions get in the way during the purchasing process.
Since purchasing a home has such long-term implications, we have various elements to look for when purchasing a house to make sure you don’t fall prey to any mistakes or issues.
1. Look For What You Can Afford
Knowing what you can and can’t afford helps set your house-hunting process on the right foot from the beginning. Falling in love with a home is often hard to come back from so falling in love with a property, only to realise you can’t afford it, is incredibly devastating. Finding out your affordability first makes things much easier and allows you to find a home you can afford and fall in love with.
2. Get Pre-Approval
Many people don’t realise that what the bank says you can afford and what you know you can afford, are often two very different things. Getting pre-approval allows you to save time for everyone involved and again, saves you a lot of heartache. Pre-approval also allows you to shop around without a time limit to get the best interest rate. afford and fall in love with.
3. Shop Around
This point extends to both the area and the bank you choose to use. Shop around for area – you may have your eye on one area, but even just being open-minded and having a look at another close by area may offer you a better deal you hadn’t considered before, in terms of better schools, bigger properties, bigger land and more. Shopping around for a better bank can get you a better interest rate, even if it’s with a bank you don’t normally bank with.
4. Work With A Bond Originator
Where possible, work with a bond originator. Bond originators often have years of experience and therefore have often built up excellent relationships with various financial institutions. This means they can often assist with either getting you an incredible rate, or at least a better rate than you would’ve been able to get on your own. They may also be able to speed some parts of the process up and will be able to give you updates on where your application is, which offers a lot of peace of mind..
5. Do A Thorough Property Check
If you’ve found a property you really love, make sure you do a thorough inspection of the whole house. Check for things like mould, damp, noise levels, neighbourhood issues, wall cracks, foundation issues, and signal issues. Also make sure you speak to the neighbours about any previous issues the sellers may have had.
Purchase a property within the award-winning Sitari Country Estate and enjoy complete peace of mind in the property you’re purchasing.
