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Buying Real Estate
Buying? How can I help you?
Buying a property can be daunting, with thousands of advertisements and internet listings to sift through. I understand how confusing and frustrating this can be and it is my job to make your buying experience as enjoyable and as easy as possible.
Email me or phone me 0274814228 to arrange a suitable meeting time to discuss the market and to help find your new home.
Keys to success in buying your new home
Buying a home is an important decision and often fraught with unexpected complications. You want to shift homes to a new neighbourhood close to work, only to find the prices much higher than you expected. Or you agree to buy your beautiful new dream home, but your existing home fails to sell, killing the deal and breaking your heart.
Doing your research and taking your search in careful steps can make the process much more satisfactory.
- Assess your finances and decide what you can comfortably afford. Obtain agreement with your partner on the definition of 'comfortable' to prevent arguments later.
- Shop for a loan. You should consider talking to a finance broker (at no cost) who will shop around and find the best deal for you www.mortgagesmadeeasynz.co.nz or visit a bank and talk to a finance consultant eg: carol_banks@bnz.co.nz
- Consider selling your existing home before buying. Having money in hand helps you negotiate with more certainty for your new home. It also averts any difficulties than can arise if you have trouble selling the house you are in.
- Narrow down your list of neighbourhoods. Maungatapu has a wide range of property values in the range of $250,000 to over a million dollars.
- Research the market place by attending as many open homes of similiar properties to draw comparisons.
Now you are ready to shop for a home!
- Talk to a qualified and professional real estate sales person. The purpose is to clarify what your needs and requirements are versus wants. This will ensure that you only view properties that qualify and avoid time wasting.
- Ask your legal representative to give advice over terms and conditions and any special clauses that may be required in a contract eg: prepurchase building inspection.
The benefits of buying at auction
- You know you are paying a fair market price
- You know that the vendors are motivated and committed to selling
- You can plan ahead by knowing the settlement terms.
- You know that you are competing on a level playing field in the market.
- Eliminates stress through protracted negotiations.
- Unconditional contract so vendor cannot pull out.
- You are not mislead by overpriced fixed marketing prices.
- You have 3 opportunities to purchase; before, at, or after the fall of the hammer.
What are some of the other things you should consider when making a decision to buy a certain property?
- Is there a local shopping centre with appropriate services/shops for you?
- Facilities that suit your lifestyle, eg; children, cafes, theatres, restaurants and easy access to these.
- The condition of the property and whether you have access to ongoing funds for property maintenance.
- The public transport, roads and other infrastructure facilities, eg; schools, hospital, doctors.
- Do you suit a common title property such as a unit or townhouse, rather than a free standing home?
- Regular expenses and outgoings such as council rates, water rates and body corp fees.
- If you have children, or are likely to have them in the future, what are the local daycare centres, kindergarten and schools like? How easy are they for the children to get to?
- Whether you prioritise capital gain, lifestyle, immediate rent return or a combination of these.
- Is the property a "stepping stone" or do you intend to stay for a long time? If you intend to stay put for a long time, is the property suitable for extensions or development?
Property Find
