One of the first things any property buyer needs to consider is what budget they have to work with. Prospective buyers should have arranged finance with their bank or finance broker upfront, and it’s a good idea to obtain a written pre-approval for your preferred financier. This ensures you can confidently and quickly move when you see the right property, and ensure you don’t miss out on the property you want due to delays getting your finance.
We suggest buyers make a list of the “must haves” and “nice to haves” for the property they are looking for, and in the order of priority. This will greatly help you making a shortlist of the properties which suit your requirements.
Look for a Selling Agents you have a good rapport with and can work well with. Selling Agents who take the time to understand you and your requirements rather than just selling you the stock they have on the books are far more likely to find a good property for you which meets your criteria.
Always remember that property, especially in Sydney will always be a great long term investment. While its always important to buy at the right price, the most important thing is to buy property which meets your criteria for lifestyle or investment. Investors should look beyond the emotional side and look for the potential of the area and property to ensure it has long term growth potential. Always remember if you think you might be paying $10k or $20 more than you wanted, that will be insignificant compared to the gains you stand to make in the years ahead.