Part 1: Finding a House
This essential preparation step allows us to know in advance how much the lender will allow you to borrow. It also gets the ball rolling with the lender so that when we find a house there is less work required. Start organising your pre-approval.
We need a conveyancer to interact on your behalf with the lender, real estate agent and the vendor (person selling the house).
All conveyancers are not made equal and a decision should not be made on price alone.
The next step is to start analysing the market place. Does the area that you have in mind cover all of your requirements such as shops, transport, schools.
Some often missed points are mobile phone reception and the availability of high speed Internet.
Once you have selected an area you need to be aware of what properties are for sale and the prices that they have been selling at.
The selection process can be fun but also daunting. Be prepared to have real estate agents trying to make each property look like it is the best property in the area. Oh look there are also two other buyers waiting to sign back at their office. (Why are they with you then!)
Whilst you should not be rushed, be aware that there are many other buyers out there and if you think it is a good buy then so will they.
Prices are negotiable but of course, it depends on your competition.