Know Your Market
As one of the largest financial commitments that many Australians make in their lifetime, buying a home is not something that should be taken lightly.
Once you have narrowed down a list of prospective properties, it would be wise to take a closer look at what may be your home for the next several years.
Organising pest and building inspections can help give you an idea of any problems that may lurk in the home, unseen by the naked eye.
If the report turns up any red flags, you need to sort out if it is fixable, negotiable or a deal breaker.
During this process, you may wish to enlist the help of a mortgage broker. These financial specialists can provide you with a free local market property report.
This will include a market overview, estimates of future repayments, market turnover statistics, pricing data, demographic trends and tenure types.
As an expert in home loans, your broker can offer advice related to this information, as well as provide guidance on the different types of mortgages and financial products available on the market.
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.