“The ache for home lives in all of us,
the safe place where we can go as we are and not be questioned.”
Maya Angelou
Whether you are buying your first home or you have bought property in the past, it is a big decision, if not one of the biggest decisions in your life.
You will be spending a lot of money and likely commit to a sizable mortgage.
Finding a home that suits your needs and budget is not for the faint hearted, there is a lot to consider, and how successful you are with your house hunt largely depends on how much time and energy you can put into it.
The next page covers the alternative of engaging a buyers’ agent compared to going it alone.
But first things first.
Preparations
Before you start shopping for your property you need to make some preparations.
First, you need to clarify for yourself the 4 Ws: Why, When, What, Where.
Why?
Jot down the reasons why you want to buy and be clear about it.
When?
Buy when You are ready to buy. You are ready to buy when you have a deposit saved up and have a stable job with a stable income or a revenue producing business. Ensure that your credit rating is in order. That’s when you might qualify for a loan.
What?
If you want to live in the property, write down what you want and need. The more detailed your list, the more likely you find the property that’s right for you.
If it is for investment, put your business hat on, head over to the investors page for the 12 point checklist and let us help to make sure that the numbers stack up.
Where?
Narrow down your search area.
“The ache for home lives in all of us,
the safe place where we can go as we are and not be questioned.”
Maya Angelou
Whether you are buying your first home or you have bought property in the past, it is a big decision, if not one of the biggest decisions in your life.
You will be spending a lot of money and likely commit to a sizable mortgage.
Finding a home that suits your needs and budget is not for the faint hearted, there is a lot to consider, and how successful you are with your house hunt largely depends on how much time and energy you can put into it.
The next page covers the alternative of engaging a buyers’ agent compared to going it alone.
But first things first.
Preparations
Before you start shopping for your property you need to make some preparations.
First, you need to clarify for yourself the 4 Ws: Why, When, What, Where.
Why?
Jot down the reasons why you want to buy and be clear about it.
When?
Buy when You are ready to buy. You are ready to buy when you have a deposit saved up and have a stable job with a stable income or a revenue producing business. Ensure that your credit rating is in order. That’s when you might qualify for a loan.
What?
If you want to live in the property, write down what you want and need. The more detailed your list, the more likely you find the property that’s right for you.
If it is for investment, put your business hat on, head over to the investors page for the 12 point checklist and let us help to make sure that the numbers stack up.
Where?
Narrow down your search area.
Finances
Before you spend your weekends on the inspection trail you must get your finances sorted.
Check the ‘Resources’ page for what you might be able to afford.
When looking for a broker prepare the following documents:
Finances
Before you spend your weekends on the inspection trail you must get your finances sorted.
Check the ‘Resources’ page for what you might be able to afford.
When looking for a broker prepare the following documents:
Last not least, now is not a good time for a career change or making big purchases.
Get rid of any unnecessary debts, store cards, subscriptions and lifestyle expenses etc.
You want to approach your finance application from a position of financial stability.
If you want to discuss the basics of buying a property in more detail, then please click here to reserve your spot for a FREE 15 minute initial consultation.
I am looking forward to connecting with you.
Harold Wolf
Last not least, now is not a good time for a career change or making big purchases.
Get rid of any unnecessary debts, store cards, subscriptions and lifestyle expenses etc.
You want to approach your finance application from a position of financial stability.
If you want to discuss the basics of buying a property in more detail, then please click here to reserve your spot for a FREE 15 minute initial consultation.
I am looking forward to connecting with you.
Harold Wolf
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