If you are anxious about buying your first home is scary, take a breath. I know the feeling. Borrowing money. The fear of rejection. The fear of overpaying. It is a big deal. Yet the best step for your future. Property ownership is freedom. No more inspections. Hang a picture. You own it.
Gawler is the perfect place to start. Here is why. It is cheap. You can still buy in the $400s. Good luck finding that in the city. It doesn't exist. Locally, you can get a house on land for an entry level price. We have units. The options are here.
You need help. There are rules. Contracts. Hard work. As a real estate agent gawler, I love first home buyers. I explain things. I help. I want to see you win. Let's walk through how to do it without the stress.
Saving Up That First Deposit
Saving the cash stops most people. Building the savings with high cost of living is hard. You must start. Maybe not. There are schemes. The First Home Guarantee. A tiny deposit. Check eligibility. You might be ready sooner than you think.
Family guarantor. Family pledge allow you to buy zero cash using their house. It is a favour. It is common. You avoid the insurance fee. Huge savings. Explore this.
The old fashioned way, cut costs. Save hard. The reward is huge. The day you get the keys you will forget the sacrifice. Don't give up. Your home is coming.
Sorting Out The Money First
Stop searching without finance. Go to a mortgage broker. Not just a bank. They compare. Lowest rate for your situation. Get a pre-approval. Confirmation you have the money up to a certain amount.
Why bother? Power. When you walk into an open, you are serious. Putting in a bid, the agent takes you seriously. If you tell me "I need to check finance," It is risky. A financed buyer wins the house.
No cost to you. They get commission. Make an appointment. It tells you your limit. Stop dreaming if you can borrow $400k. It is sad. Know your number.
Budgeting For The Extras
The purchase price is not the only cost. Extras. The big tax. South Australia, it costs a lot. Check the calculator. But, if it is your first, there is relief on new builds (verify this). Old houses, you pay it. Budget for it.
Settlement agent. Pest check. Application fees. Moving costs. Internet setup. It adds up. Keep some savings. Keep a reserve on the deposit. Funds required for the process.
Talk to Brad Smith. I'll show you numbers of what it costs. I have contacts reliable people. Don't get caught out. Knowing helps.
Inspecting Homes Without Rose-Coloured Glasses
Looking at houses, look past the furniture. Furniture leaves. Look at the bones. Check the walls Check gutters. Are the windows rotten?. Smell the air. Is it noisy?.
Stay cool with the cushions. Look for the layout. You can change the kitchen. You can't move the house. Your starter, value. The ugly house might be the best buy. Make money. The finished one is expensive. Think value.
Get a report. Must do. Cheap insurance. Protects you. Structural damage, be aware before cooling off ends. If it fails, cancel (check contract). Avoid disaster.
Securing Your Dream Home
Making an offer is scary. How much? Don't offer too low. You might miss out. Don't waste money. Ask. "What will buy it?." Confidential, I help. "If you offer $400k, you will miss out." Listen to the hints.
Sign a contract. Verbal offers mean nothing. A signed contract is powerful. You are a buyer. It is tangible. Higher chance to sign. Do it.
If you lose, don't cry. There will be another. Move on. Did you hesitate? Offer more. Experience helps. Persist. You will get one. Call Brad Smith. I want to give you the keys. It is the best feeling. Let's buy.
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