Buying real estate In byron bay
Buying a home is one of the biggest investments you’ll ever make and will probably be the most expensive thing you ever do. So it is important to understand the buying process and to be well informed about the property market.
You have to make informed decisions even before you start house hunting. How much can you afford? It is important to find out how much you can borrow so speak to your financial adviser, bank or broker who will assess your situation, advise how much you can borrow, and arrange the best loan to suit your needs. Once you have pre-approval, you can confidently begin to hunt for your new home.
Where do you want to live? Prepare a short list of preferred areas that suit your lifestyle. Keep in mind affordability and accommodation requirements. You may be buying as an investor or looking for a family home to raise the kids in.
Do some field work to make sure the suburb’s right for you. Walk around the area you’re thinking of buying in. Grab a coffee, or a meal at the local pub. Pretend you’re already living there and see if distances are what they seem, and atmosphere is living up to expectations.
Look closely at what developments or infrastructure is planned around the area in case your quiet corner is about to become a developer’s haven.
Do some research into recent sales in your preferred areas and research what the rental return might be if you were to rent it out.
You may also like to consider speaking with us about how we can assist you as a buyers agent. We can take the stress out of negotiating a sale and can bid at an auction on your behalf.
We would be more than happy to advise you in taking steps to finding the right home so please don’t hesitate to contact Ed Silk Byron Bay on: 0418 660 063
There is also helpful information visit the Fair Trading website.
Try: mortgage calculator to see How Much you can borrow