If you are stressed about buying your first home is scary, don't panic. I remember that feeling. The debt. Finance failing. The fear of overpaying. It is a big deal. However the greatest thing you will ever do. Owning a home is security. No landlord. Hang a picture. Your castle.
The best spot for first home buyers. Why?. Prices are reachable. It is possible to find in the $400s. Look for that in the city. You can't. But in Gawler, you can get a house on land for an entry level price. We have fixer-uppers. The stock is here.
You need help. It is complex. Contracts. Hard work. Your local agent, I like starters. I have patience. I don't mind the questions. I want to see you win. Let's walk through the steps calmly.
The Anxiety Of The Deposit Hurdle
Saving the cash is the biggest barrier. Getting that lump sum with high cost of living is hard. You must start. Or do you?. There are schemes. The First Home Guarantee. You might only need 5%. Ask the bank. You might be ready now.
Parents can help. Guarantor loans can get you in without savings using their house. It is a favour. It is common. It saves you wasted money. Huge savings. Ask about it.
If you are saving, budget hard. Save hard. Keep going. Settlement day you will forget the sacrifice. Don't give up. Your home is coming.
Sorting Out The Money First
Don't inspect until you have money. Find a lender. A broker is better. They shop around. They find the best deal tailored to you. Get the green light. This is a letter you can spend up to a certain amount.
Why bother? Power. When you walk into an open, you are ready. When you make an offer, You are a contender. If you say "I haven't been to the bank," I can't accept. A pre-approved buyer beats the others.
It costs nothing. They get commission. Use them. It tells you your budget. Stop dreaming if you can borrow $400k. It is sad. Know your number.
Budgeting For The Extras
Buying a house isn't the total. More fees. Government tax. Here, stamp duty is high. Check the calculator. But, if it is your first, no tax on new builds (rules change). Existing property, you pay it. Budget for it.
Settlement agent. Reports. Loan costs. Removalist. Power. It adds up. Keep some savings. Keep a reserve on the deposit. Funds required to settle.
I can help. I can estimate the breakdown. I can recommend good inspectors. Be prepared. Knowledge is power.
Avoiding Rookie Mistakes
When you inspect, ignore the styling. Furniture leaves. Look at the bones. Are there cracks? Look up. Check timber. Mold smell?. Traffic sound?.
Stay cool with the cushions. Look for the land. Fix the bathroom. You can't move the house. Your starter, opportunity. The fixer-upper is the winner. You can add value. The perfect house is expensive. Buy potential.
Get a report. Must do. It costs $500. It saves you $50,000. If the house has termites, find out before cooling off ends. If it fails, cancel (check contract). Be safe.
Securing Your Dream Home
Bidding is intense. The number? Don't lowball crazy. They ignore you. Don't overpay. Talk to me. "What will buy it?." I might not tell you the exact number, but I will guide you. "If you offer $400k, you will miss out." Listen to the hints.
Make it formal. Talk aren't real. Written offer is serious. You are a buyer. The owner sees it. It helps to say yes. Be brave.
If it sells to another, stay positive. More houses come. Use the lesson. Maybe you offered too low Fix it next time. Experience helps. Persist. Success will come. Call Brad Smith. I want to give you the keys. I love it. Let's buy.
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