Preparation is everything. Athletes do not compete without training, actors do not perform without rehearsing. If you’re about to get involved in property ownership, then prepare as best you can. Get ready for what lies ahead. It will save you immense amounts of money and time in the future. In order to do this, we suggest that you create a pre-purchase checklist which addresses the critical areas of borrowing money and selecting what and where you want to buy.
Pick a Broker who works for you
How many times have you gone to the grocery store only to find out that you’ve forgotten your wallet? You end up missing out on the latest specials and feeling the annoyance that comes with it. The exact same thing happens in the real estate market day-to-day, prospective buyers place offers on properties only to find out that banks are not willing to loan them the required funds. Gaining pre-approval and deciding the exact amount you can spend is the best way to avoid being burnt and missing out on your dream home. If you’re not sure how to start the process, we would be more than happy to help you.
Decide on the loan that is best suited for you and your circumstances
Once you’ve gained pre-approval and decided who your mortgage provider will be, they will be able to assist you in budgeting for your purchase as well as choosing the best property loan package. The highly competitive mortgage market has literally hundreds of products on the market for borrowers to choose from, it’s worth taking the time to find the mortgage that’s right for you.
Pick the suburb that you can see yourself living in, or that provides good invesment opportunity
Brisbane is a city with great suburbs varying in size and attributes, all with their pros and cons. With a vast array of appeal across Brisbane’s, you are sure to find an area that is right for you. Whether you’re a single professional who needs a one-bedroom apartment or a family of six looking for some extra room to move, our city and especially the suburbs of Ashgrove, Bardon and The Gap will provide. Blocks are large, spacious, leafy and green, the community is very family friendly and all within a close proximity to the CBD. To shorten and improve your buying experience, make sure you know which area aligns with your buying criteria.
Seek legal and taxation advice always
If you are looking as an investor whether straight away or potentially in the future, it pays to get the right advice. There will be legal and taxation considerations along the way. It’s always better to get the right advice from the beginning than to discover a costly error when it’s too late.
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