The property market is just weeks away from its booming spring season. When it arrives, you’ll see ‘for sale’ and ‘open for inspection’ signs everywhere and you might stop on a whim to have a look. It can’t hurt to just look, right?
Actually it can. Here’s how it often goes: You’re not quite ready to buy, but you fall in love with a home and the agent is pressuring you to put in an offer. Suddenly you find yourself scrambling about in unfamiliar territory and what initially felt exciting now feels stressful.
When you’re unprepared, stressed and pressured, mistakes happen. You skip the all-important building and pest inspection because there is no time, you don’t shop around for the best mortgage deal, you buy a home that you later realise doesn’t actually meet all your needs, and you don’t do your homework to see if the price is right before you buy.
The better path? Becoming a strategic buyer who knows what buying real estate is all about before you begin looking at houses.
A strategic buyer has a plan for locking in the best mortgage, they know which home buyer schemes/grants/concessions they qualify for, and they have a list of the “essential” and “desirable” things that the home they buy should have. They have a team of experts lined up – their buyer advocate, building and pest inspector, lender or mortgage broker and legal representative. And most importantly, they know EXACTLY how much they can spend on a property.
Get those balls rolling now, and you’ll be a strategic buyer ready to check out any homes that catch your eye this spring.
Chat to us about how a property advocate can help you sell or buy in the current market with confidence. Investment buyers can receive invaluable support and guidance through our Buyers Advocacy Service, and for landlords who are selling, our Vendor Advocacy Service helps vendors achieve outstanding results.
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By Wendy Chamberlain
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