One of the Australian dreams is to buy your own home. Here at Hills Solicitors, we want to help make that dream a reality. Buying a first home can be tricky, with many questions to ask, and sometimes you don’t even know the right one. That is why we have developed the 5 crucial questions to ask when buying your first home.
1. Is it Within My Budget?
Purchasing a property can be exciting, but staying within your budget is the first vital step to consider. When looking outside your budget, you’re setting yourself up for unrealistic expectations. Buying a house outside your budget could put you into further financial debt. Plus, when purchasing a home, you need to consider the extra costs of buying a house, including loan fees, valuation fees, builders insurance & more
2. Is it the Right Time to Buy?
When considering a home, you must look at the housing market to determine the right time to buy. Are houses going for above the expected cost? Is there a surplus of houses in your desired area? These are all things you should consider when thinking about purchasing a home.
3. Can I Get a Loan?
Organising a loan before going house-hunting is crucial to buying a home. It is critical to have your loan pre-approved, so start talking to banks before you speak to the real estate agents.
4. Have I Done All the Necessary Inspections?
When you finally find a place you would like to bid for, have you done all the essential inspections, like the building and pest inspection? The last thing you want is to move into your new home and find that termites already live there!
5. Have I chosen My Conveyancer?
A legal professional who is there to guide you through every step of the process is crucial for a successful purchase. At Hills Solicitors, we help you choose the right lender, make an offer on the property, pay the deposit, exchange the contract and make a property settlement. With over 125 years of experience, trust Hills Solicitors with your next service. Contact us today.