A perfect guide for the first time home buyers

commercial valuers in Sydney

Having a house is a big dream for many. As finding a home that suits your pocket and fulfills your desire is a rare combination for many. It becomes a daunting task for many people, as complexities are more. So the chances of error increases. Though one should take the advice from property valuer Sydney as they are the experts of the real estate property market. Because for the first home buyers the real estate property is all new and they don’t have much idea about the industry. As they are going to buy the biggest asset of their life i.e home they are more excited. So the chances mistakes are more.


The Sydney property valuers suggested - “The first home buyers need to think about the property carefully and how to get rid of buying property stumbling blocks.”


Here are the tips for first home buyers to make their buying decision easy and joyful -


1. Proper Research -The good home buyer first understands the actual need of their family. Location is the first thing while buying a home. If the school going children are in the family then it is good to get your home near a reputed school. Which saves your children’s time. If you have your oldies in your home then it is good to have a home near the hospital and oldies club which makes commuting easy for them.


Living in a crime zone is not safe for your family. Also, the location can increase or decrease the cost of the property. The prime location cost more than the property on the outskirts.


2. Analyse property -As per property valuer -”The wise buyer will check the funds and understands the loan and mortgage policies well”. Location, neighbourhood, surrounding all these things matter a lot while buying a home. This can make or break your reputation too.


Transport facilities, shopping centers, parks from your new home are also important. One should check these facilities first and then make the decision of buying a new home. Because not all areas of the city are the ideal spots to live. Choose the one which fits in your requirement.


3. Look for some options -If you like a house very much and finding it a little costlier. Then getting emotional about it, is not a good idea. Remember you can find the right property at the right price. Don’t pay more just to satisfy your emotions. And never disclose your emotions in front of the seller. They can put you in the emotional trap and make you buy the property more than its actual worth.


Better to look for more options compare then and then analyse which one is best for you. If you are a first home buyer, keep your emotions in control.


4. Impact of the market on the property -Yes, the market conditions and trends put a great impact on the property value. But it is not at all advisable to wait for the prices to go down and then buy a property. If you have your own budget, finance organised, property selected which suits your needs then better to go and get the property.


According to the property valuers - “The market condition is the dynamic factor which changes frequently. So don’t think much about the market condition when you have a good home to buy. “


5. Buy what you can afford -People always tends to extend their limits while buying. Because expensive properties appeals to them. The real estate seller’s agents will try to attract you towards those properties. The property valuers Sydney advice -”One should buy a home which they can afford and fulfills their requirements.” Buying a home over your budget could harm your future financial policies and strategies. Spending more than you can afford can lead you to have potential financial shocks. Good idea for new home buyers is to buy a home that suits your pocket.


6. Have patience -It is easy to get fed up when you are searching for a good home to buy. It might be possible people who have higher budgets are taking out the property you want to buy. This leads to irritation. First finding the property is a tedious task when supply is less and finding the prices are high depress you. It is important not to feel irritated, depressed, annoyed, frustrated and desperate while buying a home.


Because buying a first home is so special and important decision for you. Don’t let these negative feelings make you regret in the future. Have patience research well, understand the market, look for more options if you are tired of looking for a property then stop for a while and ask the real estate agents to give you more other options. Overall it’s your first home, don’t compromise.


7. Hire a property valuer -It is good to have an individual property valuer who will inspect the property well. Before buying a home, ask a property valuer to look at the property minutely and finds the error. They are the professional trained to find the property errors and faults. As a buyer one cannot see the negatives in the property because of excitement.


Property valuation services not only allows you to know the right value of the property. But also puts light on the improvements required in the property, flaws of the property, USP (unique selling proposition) of the property with other special features which makes a property stand out from other properties. As property valuers are the qualified experts who understand the market well and their good observational and analytical skills makes them an expert.


8. Real estate works for seller -Real estate agents and brokers are the people who work for the seller. Agents will behave friendly with you but don’t think they are working for your welfare. They are hired by the current property owner are liable to work for their client only. If you want some personal advice and want to crack a deal hire your buyer agent who will work in your favour.


These are guidelines one must keep in mind before buying a first home. Remember hiring a property valuer is an investment they can help you to get the right property at the right price and time. Understand the real estate property market is tough they are the one who makes it easy.


Contact us to have the best property valuations services.