Buying Tips

Research

Exploring the real estate market demands a proactive approach. Instead of relying solely on flashy ads or online snapshots, take the investigator's stance.

Dive into sales data, land appraisals, past listings, architectural blueprints, and the neighbourhood's vibe.

These pieces of evidence form a robust foundation when evaluating a property's true value.

When you're ready to stake your claim on a property, resist the urge to rush.

Crafting a solid offer involves safeguarding your interests with a legally binding contract.

Don't overlook this crucial step in securing your investment.

Sales Evidence

Firstly, make sure you get to thoroughly know sales evidence in the suburbs you wish to buy in, this is essential in order to determine the over-priced properties that will require extra negotiation to achieve a realistic price and also highlight any well-priced properties for your consideration.

LAND VALUE
It is a good idea to try and establish the price of the land the house is built on as a starting point for estimating the value of the property. Even though a home may appear to be much better value than another, it may in fact be overpriced because it is on a much cheaper block.

LISTING HISTORY
Also be on the look out for advertisements that say FIRST TIME OFFERED. Read the fine print, it may say…at this price. It could have been on the market for 6 months, or they have just put the price up or down.

Design & Location

There are many factors influencing your decision as a buyer. You need to decide what the most important criteria are for you. Some may include:

• Close proximity to schools, shops, transport, parks, churches, sporting facilities, river, ocean and relatives.
• Accommodation in the home.
• Design of the home.

If you are buying or investing for capital growth, it is often better to buy the worst house you are prepared to live in but in the very best location you can afford.

Contractual Advice

When making an offer be careful about making offers not subject to finance or the settlement of the unconditional offer on your own home. Also ensure that you request checks on significant defects, termite damage and structural soundness.

When dealing with a sales agent, be careful if you are advised there are other offers, it is a common ploy to get you to put in an offer for fear of missing out. A good protection measure is to ask that- they show you the rejected offers if your offer is accepted.

Remember, if you need assistance as a buyer, just ask. We are always happy to assist.