Australia is still experiencing a constant growth in its real estate industry. Places with more opportunities like Paddington have gotten huge numbers of incoming investors and first-time home buyers. However, one factor that experts have observed that has had a huge impact on return investors is that many first time home owners have problems acquiring the best deals. To get through this problem, McGrath real estate agents in Paddington share these tips to new home owners out there.
Tip number 1 – Look for an agent you can trust
Being comfortable with a professional who knows what you want and understands your needs is the most important step in buying a home for the first time. Every single home owner who wishes to get the most out of their investment will have to find a reputable agent.
Tip number 2 – Set a budget limit and stick to it
Avoid every beginner’s biggest mistake. Know what you can pay for and stay away from temptation. A nice deal is not always a smart investment and once you go beyond your allotted limit, there’s no going back.
Tip number 3 – Do some research
Make a list of all the homes you want to check out and do a background check on each of them. Consult your agent and find out which properties have leverage points and possible future pitfalls. Cross out the ones you should not buy and set interviews with the owners of the ones you’ve selected as good prospects.
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