Written by Kodie Axelsen
To buy a home this year there are a few things you need to organise to make have a stress-free experience. I have complied a small list of the team you should surround yourself with when joining the property game.
Mortgage Broker -The first one is your pre-approval. Right now, people are finding it harder to lend due to rising interest rates and increased living costs. You want to get a pre-approval in place so you know exactly where you stand when it comes to how much you can buy for. This will increase your profile as a buyer when putting forward an offer on a property as it highly increases the probability of you going through with the contract and not being declined due to finance.
Conveyancer -Your next step is to notify a conveyancer that you are on the hunt for a property. They will take care of all of your legals and review your contract prior to signing and handle your purchase through to the day of settlement. There is a fair lump of paperwork that needs to be completed at the beginning of a purchase. Don’t be alarmed, your solicitor should be able to guide you through this process and what they recommend for your purchase.
Insurance broker – If purchasing an investment property, you want to have a great financial adviser and accountant on hand to run your numbers. This is an extremely important step to your investing as it is essentially a numbers game. Have a plan of what numbers you want to work with and stick to them.
Real estate agent – Build a relationship with local real estate agents. This will be such a beneficial step in your property journey. When agents know what it is you are after they will contact you personally when they have a property that meets your needs. This can be an invaluable relationship when purchasing and can also put you in a better position to move on a property as soon as it is available and, in some cases, before it goes to market.
I have bought many properties in my time and always lean on the team I have alongside me when making a purchase. I hope you find this list valuable and a good place to start when looking to buy. If there are any questions I can answer about your future property journey, please give me a call at my office and I would love to have a chat with you about where to start.