A buyers agent for first home buyers can be an invaluable asset to have on your side. It can be a daunting process thinking about buying a property, where to start, how to negotiate the purchase and ensuring that you don’t make any costly mistakes along the way. Our Sydney buyers agents helps first home buyers through the entire process from sourcing to settlement, educating buyers along the way.
We understand that it can be intimidating to bid at auction for a property having never done it before and not having the right strategy in place. Austin Buyers Agents will put a strategy in place and bid at any auctions required on your behalf.
As buyers advocates for first home buyers we are able to provide a property appraisal along with the most recent comparables of the area.
First Home Buyers Due Diligence
Another factor to consider when buying a property is due diligence. As a first home buyer it is probably not something you have experienced before but one of the most crucial aspects of purchasing a home. When opting to engage a Sydney buyers agent we will complete the following to ensure that the home is free from major issues. Austin Buyers Agents completes an extensive due diligence checklist for first home buyers when purchasing a property. We have an independent building and pest inspection report carried out on the home and will provide feedback.
Age & condition of the home
Proximity to amenities
Zoning
Public housing
Infrastructure and developments within the area
Easements & much more
How Can A Buyers Agent Help First Home Buyers
Saving you time, money & stress
Access to a larger range of properties
Avoid common mistakes
Strong negotiating skills
Remove emotion and save you over paying
Our Process Working with First Home Buyers
Initial Meeting
Engaging our Services
The Property Buying Brief
Developing a Strategy
The Property Buying Search
Research & Shortlist
Negotiate & Purchase
As experienced Sydney buyers agents for first home buyers we are able to provide expert guidance and advice along the way ensuring that you understand the entire buying process and what is need in order for a successful purchase. Our buyers advocate Sydney understand the terms associated with offering and legal deadlines that are required to be met. We also liaise directly with mortgage brokers, property conveyancers, building and pest inspectors and any other third parties required. See how our property buying agency can help first home buyers. Taking care of the entire property buying process. Contact a Sydney buyers agent today
Common Mistakes First Home Buyers Should Avoid
Buying your first home is an exciting milestone, but it can also be a daunting process filled with potential pitfalls. To ensure a smooth and successful journey, it is crucial to educate yourself about the most common mistakes that first-time home buyers often make. By avoiding these mistakes, you can save yourself from unnecessary stress and financial setbacks. From failing to get pre-approved for a mortgage to underestimating the costs of buying a property. We will provide expert advice and practical tips to help you navigate the real estate market with confidence. Whether you’re currently in the market for your first home or just starting to consider the idea, these tips will equip you with the knowledge you need to make informed decisions and secure your dream home without any regrets.
Lack of Research & Preparation
One of the biggest mistakes first home buyers make is failing to thoroughly research and prepare for the home buying process. Without proper research, you may end up purchasing a home that doesn’t meet your needs, requirements and could be overpriced. Take the time to research the local real estate market, understand current trends and get to know the suburbs you’re interested in.
Setting an unrealistic Budget
Another common mistake is setting an unrealistic budget. Many first time home buyers underestimate the costs associated with property ownership, such as property taxes, insurance, and maintenance expenses. Before starting your home search, carefully evaluate your financial situation and determine how much you can comfortably afford to spend on a home. Remember to account for all expenses, including solicitors fees and potential future repairs.
Mortgage Pre-Approval
Failing to get pre-approval for a mortgage is a mistake that can hinder your home buying journey. Getting pre-approved not only helps you understand how much you can borrow but also demonstrates to sellers that you are a serious buyer. It gives you a competitive edge in a competitive market. Take the time to gather all the necessary documents and consult with multiple banks to find the best mortgage option for your needs. Our Sydney buyers agents recommend a reputable mortgage broker do this for you.
Ignoring Additional Costs and Expenses
First time home buyers often overlook the additional costs and expenses associated with buying property. Beyond the purchase price, there are other costs to consider, such as stamp duty (if not exempt) solicitors fees, lenders mortgage insurance, building and pest inspections, mortgage registration fees. It’s important to factor in these costs when setting your budget to ensure you can comfortably afford your new home.
Overlooking the Suburb and Location
The suburb and location play a significant role in your overall satisfaction with your new home. It’s important to thoroughly research the location, visit at different times of the day and consider factors such as proximity to schools, amenities, and transportation. Additionally, consider the future development plans in the area, as they can impact property values and quality of life. Don’t solely focus on the home itself; give equal importance to the surrounding suburbs and location.
Not Seeking Professional Advice
First-time home buyers may feel tempted to navigate the home buying process alone, but seeking professional advice can be invaluable. Buyers agents, mortgage brokers, and lawyers specialise in assisting buyers and can guide you through the complexities of the process. Sydney buyers agents have the expertise and experience to help you make informed decisions, negotiate contracts and navigate potential hurdles. Don’t hesitate to seek professional advice to ensure a smooth and successful home purchase. Choosing to do this alone could be costly if you make a mistake or don’t understand the process. The cost of a buyers agent will outweigh any potential issues when completing research and due diligence on your new home. As expert property buyers we can advise on the next steps if any issues arise. See how Our property buying agency can help first home buyers.
