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Tips For Buying » 5 KEY STEPS TO FINDING YOUR NEW HOME - Step 3

11 Feb 2015 (11:28)Author: Administrator

5 KEY STEPS TO FINDING YOUR NEW HOME – Step 3


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 3 – Set a Realistic Property Wishlist
You now have your budget defined, and you know where you want to live, the next thing to do is determine what type of property you can buy in the area you have defined for the budget you have. This can sometimes be a massive reality check.
It is important to decide what things you are prepared to compromise on and what things a property must have for you to consider.
For example, if you have a budget of $1.3m, and you want to live in Wahroonga, which has a suburb medium price for a house of $1.31m (as at 12 January 2015), that doesn't mean that you will find a home that meets everything on your wish list. More than likely than not, you will need to prioritise your Wishlist and make compromises in order to find a new home.
When thinking about your property Wishlist, you need to be realistic in what your budget will allow and what your real needs are. Do you really need that triple garage, a media room, or do you really need to be on the east side?
Going into a home search with a clear idea of what you really need from a property compared to what you may want will help in shortlisting properties and will provide you with the ability to make quick decisions.

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