And the winners are...

You may recall that last month we ran a competition, asking for your top tips on what to look out for when buying a home.

We all know buying property can be tough, and those that have been through it before can always recommend what (or what not) to do.

We had a stack of entries, from people all over the country, and our winning tips have now been chosen.

Chris Bills from SA recommends that you always have your finance ready before shopping around. And we agree! Ensuring you have your loan amount pre-approved before you find your dream home means you can bid with confidence and act quickly if it feels right. Agents will always take a pre-approved bidder more seriously!

We also think Kylie Wallace in Victoria has a sensible approach when going to auction, believing what's meant to be, will be. She says, always stick to your dollar limit, particularly as there's nothing that can change the reserve price or interest in the property from other bidders. This is always my BIGGEST piece of advice to people going to auction. If you stick to your pre-defined limits, you should have no concerns of getting yourself into trouble:)

And like most people who don't want to be caught out, Sharon Davey from WA suggests you speak to your local council about possible changes to your area before you make an offer. The last thing you need when you move to your new home is zoning changes, major building and infrastructure works, or restrictions to parking.

Congratulations to Chris, Kylie and Sharon, who have all won $200 for their top tips.

We love these wise words and encourage you to keep in touch with advice from your own property buying experiences.

Remember, as your local Loan Market broker I'm always on hand to answer any of your queries or concerns and to make sure buying your new home is as easy and painless as possible.