The Stress Of Buying Your First Home

If you are stressed about stopping renting is scary, don't panic. I remember that feeling. The debt. Banks saying no. Getting ripped off. It is a huge step. However the smartest move for your wealth. Property ownership is freedom. No landlord. Hang a picture. Your castle.

The best spot for first home buyers. Why?. Because we are affordable. It is possible to find in the $400s. Good luck finding that in the city. It doesn't exist. Locally, secure a home a decent block within budget. We have land. The options are here.

But you need a guide. The process is tricky. Banks, brokers, agents. It is a maze. As a real estate agent gawler, I love first home buyers. I have patience. I don't mind the questions. I want to see you win. Let's look at the steps easily.

Saving Up That First Deposit

The deposit stops most people. Building the savings paying a landlord is tough. You must start. Maybe not. Government help. The First Home Guarantee. A tiny deposit. Ask the bank. You might be ready sooner than you think.

Bank of Mum and Dad. Guarantor loans can get you in zero cash if they have equity. Serious commitment. It is common. It saves you wasted money. Huge savings. Explore this.

If you must save, be disciplined. Sacrifice. It is worth it. Moving in it pays off. Don't give up. The house is there.

Getting Pre-Approved For Finance

Stop searching until you have money. Find a lender. Not just a bank. They compare. They find the best deal tailored to you. Get the green light. Confirmation you have the money a budget.

Why do you need this? Certainty. When you walk into an open, you are ready. When you make an offer, I listen to you. If you tell me "I haven't been to the bank," It is risky. A pre-approved buyer beats the others.

No cost to you. The bank pays them. Go see one. You learn your budget. Stop dreaming outside your range. It breaks your heart. Stick to the budget.

Budgeting For The Extras

Buying a house isn't the total. More fees. Stamp duty. In SA, it is expensive. Know the amount. However, for first home buyers, abolition of duty on new homes (verify this). On established homes, you pay it. Budget for it.

Settlement agent. Reports. Bank fees. Moving costs. Internet setup. It costs thousands. Keep some savings. Keep a reserve at the start. You need cash for the process.

Ask me. I can estimate the total. I have contacts good inspectors. Be prepared. Be smart.

Inspecting Homes Without Rose-Coloured Glasses

When you inspect, don't just look at the paint. Furniture leaves. Look at the bones. Are there cracks? Is the roof straight?. Check timber. Smell the air. Listen to the road.

Don't fall in love with the cushions. Fall in love the location. You can change the kitchen. You can't move the house. For a first home, look for potential. The fixer-upper is the winner. Improve it. The shiny one is expensive. Think value.

Hire an inspector. Do not skip this. It costs $500. It saves you $50,000. Structural damage, be aware before it is yours. If it fails, cancel (during cooling off). Don't buy a lemon.

Securing Your Dream Home

Bidding is nerve-wracking. How much? Don't offer too low. You lose. Don't waste money. Talk to me. "What will buy it?." I might not tell you the exact number, I help. "You need to be higher." Read between lines.

Put it in writing. Talk are weak. A signed contract money talks. You are committed. The owner sees it. Higher chance to say yes. Be brave.

If it sells to another, don't give up. There will be another. Move on. Were you too slow? Fix it next time. Experience helps. Don't stop. Success will come. Call Brad Smith. Welcome you home. My favourite moment. Let's buy.