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Buying Tips

Don’t Go Straight to the Bank! Give yourself Choice!

Searching for a home loan may not be hard, but understanding all the finer details can be.

Buying Tips

Whether you are buying an investment property or a new home to live in, there are some common problems you need to be aware of to ensure your purchasing experience is stress free and risk free. These few buying tips will make you aware of some of the pitfalls and ways to avoid them.

Why Are You Buying?
Think about why you are purchasing the property. If you intend living in the property does it really suit your needs? If you have young children or elderly people living with you, you might wish to avoid stairs and prefer a level block. Do you intend to install a pool in the future? Is the garden too big or too small? Will you need more bedrooms in future? Is it close to schools etc.

Building Reports
Be sure to have reports for building inspection and pest inspection prior to committing to the purchase.

Your Neighbours
If you are buying a villa, apartment or townhouse you may be sharing a common wall with your neighbours. It would be advisable to check noise levels if possible. Try to meet your new neighbours. They may not share the same values as you.

Do Your Research
By researching the real estate market in a particular area you will be much better informed on property values.
Whether you are buying an investment property or a new home to live in, there are some common problems you need to be aware of to ensure your purchasing experience is stress free and risk free. These few buying tips will make you aware of some of the pitfalls and ways to avoid them.

Check With Your Local Council

If a property has been renovated recently you might wish to check with the local council to ensure planning or building permits were approved. Deciding how much to offer can be difficult. You might wish to make your best offer up front or start with a lower offer and be prepared to negotiate up. However, purchasers who make higher offers might secure the property without giving you the opportunity to increase yours.

Buying At Auction
If buying at auction you should have:

•Decided on a definite upper limit within your means
•Conducted inspections
•Had legal documents checked by your solicitor
•Organised a cheque for the deposit
•Finance approved
When bidding, bid with confidence and authority.
Cooling Off Periods
Note cooling-off periods can be waived subject to certain conditions.

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At Premier Lending, we are experienced mortgage broking specialists, who are here to help you find the right loan for your situation. We are dedicated to creating personalised mortgage solutions that anticipate and meet the needs of our customers. We are a free, no-obligation service that will empower you to take control of your financial situation.

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