Home Buying Tips

27.03.23

Home Buying Tips

Buying a home in Sydney is a major decision and one that should be approached with care and diligence. While many people opt to go it alone, working with a Sydney buyers agent can provide a number of valuable benefits such as access to exclusive listings, education, advice along the way and management of the entire process from start to finish.

Real Estate Knowledge

When buying property, a Sydney buyers agent can be a valuable asset to have on your side, removing emotion and ensuring you don’t overpay. We have access to an abundance of information and can provide guidance on locations, suburbs, schools, zoning, public housing and are able to quickly rule out inferior properties. We examine data, perform a market analysis and provide information of recent transactions. We assist buyers in focusing their search on properties that meet their specific requirements and budget.

Time Saving

Searching and purchasing a home can be a time-consuming process, you may find yourself scrolling through hundreds of properties online and spend months attending open homes but are unable to find a suitable property. As Sydney buyers agents we have built strong relationships with real estate agents and are given access to off market properties that aren’t accessible to the general public. This allows us to inspect, complete due diligence and prepare an offer before being presented to purchasers or taken to market. We save you time by searching for properties, scheduling private viewings, facilitating contract reviews, coordinating building & pest inspections and communicating with agents on your behalf.

Navigating & Negotiating

Negotiating can be intimidating for buyers, especially when selling agents know which sales tactics to use and become very persuasive when making an offer and negotiating terms. Overpaying by up to 5% can cost you more than $100,000 if you don’t understand the current market and what is happening within that specific suburb. A buyers advocate Sydney will have strong negotiating skills, be able to listen, clearly communicate and is able to negotiate the best possible purchase price along with settlement terms. We take a deep dive into each market and provide feedback, we will submit offers, negotiate and keep you informed throughout the entire process, creating a seamless transaction for the buyer.

Navigating the real estate process can be complex and involve multiple parties such as mortgage brokers, property conveyancers, building and pest inspectors. Our Sydney buyers agents will put you in touch with professionals and oversee your property journey through to settlement and beyond. Our priority is finding you the best property possible and ensuring that you have a pleasant, stress-free home buying experience.

Sydney Buyers Agent Tips

The process of buying a property can be confusing, especially seeing as most people will only transact once or twice within their lifetime. Real estate markets are constantly changing and evolving, using a buyers agent Sydney ensures you are up to date with the latest news and data surrounding market figures, infrastructure and much more.

Step 1. Determining your budget

Before you start searching for a property it is paramount that you understand how much money you can afford to spend. It is best to chat with a mortgage broker or your bank to have a clear understanding of what your budget is.

Step 2. Hidden costs of buying a property

It is important that you understand the costs associated with buying a home such as:

– Stamp Duty
– Lenders Mortgage Insurance (LMI) if you’re borrowing more than 80% of the property purchase price. As well as Loan Application Fees
– Legal & Conveyancing Fees
– Loan Application Fees/ Mortgage Registration Fees
– Land Tax and Registration of Title
– Building & Pest Inspection/ Strata Reports

Step 3. Starting your property search:

This is where you will decide on location(s) and the type of property that is best suited for your requirements and lifestyle such as a house, apartment or duplex etc. Think about where you would like to live and consider factors such as proximity to amenities, schools, beaches, transport, shops, and important draw cards for you. A buyers advocate Sydney is able to show you value in surrounding suburbs and help you discover the best location for your property requirements.

Step 4. Market Research:

Take a look at what is for sale and what has recently sold within your key locations. Speak to real estate agents and attend open homes, get a feel for what you like and what you don’t, this will help when it comes to shortlisting suitable properties for consideration. A buyers agent Sydney is able to make sure you stay within your budget to avoid looking at properties that will sell for higher price points. Due diligence is one of the most important parts of buying a home, ensuring that you understand easements, local developments that may affect the property, neighbouring suburbs, flood zones and many more issues.

Step 5. Offers & Negotiating:

Placing an offer is such an exciting part of the process for any home buyer. You have completed so many steps to get here and of course want to secure the home. However, it is important that you understand how to offer and the legal requirements associated, e.g. the initial deposit of 0.25% which is paid as a commitment to the sale is non-refundable if you choose not to proceed for any reason. Cooling off periods and what conditions need to be met within this time frame for the contract to proceed going unconditional, understanding a realistic time frame for settlement and what will need to be completed up until this date. As buyers agents we take care of each and every step to ensure a smooth transition for you, the buyer.