Buying Tips
When looking to buy a property there are a number of things to consider. The basic steps are as follows;
FINANCE
How much can you borrow? Ray White offer a dedicated expert team of personal lending managers to assist in this area. With a simple phone call and normally within minutes, you will be informed of your borrowing capacity along with a choice of banks and lenders! This takes the hassle out of going from bank to bank to source the best deals! Suprisingly often you will receive a better rate through our team than you could get by approaching the lender directly! This service is absolutely FREE with NO OBLIGATION.
Simply call - Aaron Greffenius
Personal Lending Manager
Ray White Financial Services
mob: 0412 515 537
WHAT TO BUY?
Work out your needs and goals. Are you looking for investment or development potential or for yourself? Now you know your budget you can determine what you can afford. Is it a unit, villa, townhouse, duplex, apartment, cluster home, home or relocatable home? Look at inclusions like; number of bedrooms, ensuite bathroom, number of living areas and garage/carport accommodation. Your budget will normally determine what you can afford. Consider your needs also, Will you work from home? Do you need storage space? Do you have pets? Are you planning a family?
WHERE TO BUY?
Research areas. Look for key points such as; local schools, public transport, shopping centres, churches, parks, sporting grounds, universities, child care, clubs, community groups, pools, beaches, cycleways etc. All of these factors should be a consideration. Also look at industries, airports, race tracks etc. Air and noise pollution. Check with council the current zoning on the area and also ask the likelyhood of re-zoning. This will determine the lands potential future use.
Your local real estate agent should be an expert source of information for you. We at Ray White Woonona are locally born and bred and welcome your questions.
HOW DO I FIND A PROPERTY?
Now you have your finace (pre-approval), you know what to buy and you have chosen a suburb/s, lets find a property! There are a large number of ways to find a property, but lets look at the most popular in the Illawarra.
INTERNET - By far the easiest way to find and inspect a home. Choose your website and sign-up for e-mail alerts. By entering your criteria, newly listed properties are sent to your inbox immediately! Check on; www.raywhite.com www.realestateworld.com.au www.eac.com.au
LOCAL PRESS - Our local daily newspaper is the "Illawarra Mercury". The majority of Estate Agencies in Illawarra advertise "Open for Inspection" homes each and every Saturday. A very large 80+ page property guide is inserted into Saturday's Illawarra Mercury and has a rear summary page showing all properties open for inspection times. Fridays edition also has this summary page and alows you to organise your Saturday a day early!
EAC REALTOR - The "REALESTATEWORLD" is the Illawarra's local full colour weekly property magazine. It is published every Wednesday and lists new properties weekly as well as a summary page with all the "open for inspection" times for Saturday's viewings. It has a circulation of 70,000 and is available free from Real Estate agencies, newsagents and selected stores and service stations.
ESTATE AGENCIES - Contact our office and we will be pleased to take your details and place you on our extensive database. We also have leaflets of all our properties and the largest window display in the Northern Suburbs.
SOLICITOR / CONVEYANCER - To purchase any property in NSW the vast majority of buyers choose to engage the services of a licensed solicitor or conveyancer. Normally a family member or friend can recommend one of these, however your real estate agent could certainly also. These professionals will guide you through the contracts for sale and also instruct you on the buying process including the pest and building reports, surveys, deposit, final inspections, property inclusions and settlement terms. Your estate agent will also co-ordinate these.