When you’re buying a home there’s no denying that there’s a lot to think about, but that doesn’t mean that the process needs to be stressful.
Before you embark on the process there are certain things you need to read up on and familiarise yourself with to make the experience as seamless as possible.
These tips can help you steer in the right direction if you’re considering buying a house in the near future.
1. Don’t believe the hype (good or bad)
When you set out to buy a house, you will likely quickly become familiar with deciphering real estate speak and how people market homes.
The key takeaway here is, do your own research to find out a house, area you like and so on is right for you. Don’t just take someone else’s word for it.
There’s several tools available to help you discover a suburbs potential. Our suburb profile pages offer data on most suburbs in Australia.
- On these pages you’ll find:
- median property prices;
- data showing the impact of interest rates;
- and the average number of people looking for property in that suburb versus the number of properties for sale.
All this gives you a great insight into the suburbs you’re considering for your next move or investment so you can leap with confidence into the adventure.
A particularly useful insight is supply to demand ratios and trends over time. These give you the bigger picture of a location, and can help you consider the property/suburb’s potential.
What matters is whether it’s your right time to buy, for your needs and circumstances. Knowing the state of play is useful to help you calibrate that decision, but shouldn’t be the only thing that motivates.
To read the other 7 tips click here