Wednesday, 29 June 2016

How to beat investors to the right property

Have you ever found the perfect dress?

You know, the last one in your size? And then you have hidden it at the back of the rack in the hope that it will still be there when your return the next day - only for it to be sold!?!

Yuk! Property buyers feel the same when a savvy investor beats them to their dream home. As real estate agents, we see this every week.

But what can you do to make sure you get the home you are after. Here’s three quick tips that will ensure your success next time you are in a battle with another buyer.

Do your research!

To draw on an old adage ‘ the early bird gets the worm’. Creating a plan of action will allow you to narrow down your search to specific suburbs and properties. This will help you make an offer without hesitation.

Research different areas, suburbs, local amenities, scan through current listing on REA and Domain and conclude the average market price of what you are looking for whether it be a townhouse, unit, duplex or traditional starter home.By collecting this information it will help you to create a plan of action as to what type and size of property you are looking for in what areas and for what price.

Call local real estate agents

Contact local real estate agents to let them know you are looking for example a 3 bedroom townhouse in Ruse, Raby or Campbelltown. This will help you to form a relationship with local selling agents who will contact you when new listings suiting your needs become available.

Know your budget

Ensure you are pre-approved and aware of all hidden costs including stamp duty, legal and conveyancing costs, building and pest reports etc. By understanding the amount you can afford to offer you will be better prepared to handle price negotiations and beat other offers.

Shop for your new home with a game plan for a less stressful journey to sale. By being an informed buying armed with the knowledge of what, where and for how much you would like to purchase a property for you will have the upper hand when the right property is for sale.

To find out how we can help you secure your dream property, contact us today on (02) 4628 0033.