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Tips For Buying » 5 KEY STEPS TO FINDING YOUR NEW HOME - Step 4

11 Feb 2015 (11:56)Author: Administrator

5 KEY STEPS TO FINDING YOUR NEW HOME - Step 4


As a buyers agents, we often come across home buyers who don't have a good idea of what their budget is, or don't know exactly what they want, or don't know where they really want to buy. Buying a new property can be daunting and sometimes it can be hard to know where to start. So when looking for a new home to buy, it is important to have a strategy in place.

In this 5-part blog, we will give you 5 key things to do to get you started. The 4th step is to get to know the market.

What's your strategy? 5 key tips to finding the right property
As a buyers agents, we often come across home buyers who don't have a good idea of what their budget is, or don't know exactly what they want, or don't know where they really want to buy.
Buying a new property can be daunting and sometimes it can be hard to know where to start.
When looking for a new home to buy, it is important to have a strategy in place. In this multi-part blog, we give you 5 key things to do to get you started.

Step 4 – Get to Know the Market
Once you have identified your budget, location and type of property, it is essential that you get to know the property market in that area.
Attend open houses and auctions that meet your criteria. This will give you a good feel for what you can get for your money and will also help you to refine your Wishlist.
It's also important to make contact with the agent at these open homes and auctions so that you can find out how much they sell for. At an open house agents may also have brochures of recent sales in the area. Grab a copy of these recent sales and drive past the relevant ones to have a look at them.
Note the difference between the quoted prices and the final selling prices of these properties - normally there is a big difference. This will give you some guide of what properties are selling for in the area that meet your criteria.
Having a good knowledge of the market will mean that you will be more confident in assessing what a property should potentially sell for.
Once you have found your ideal property, it is important that you do your due diligence before you make an offer or bid at auction.

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