When you first start to consider buying a home, it can be hard figuring out where to begin. We have compiled our top tips for getting started:
1. Finances first
Before deciding on your criteria for a new property, such as neighbourhoods and design features, go to your bank or Mortgage Broker and get pre-approved for a home loan. Finding out how much you can spend should always be your first port of call and can save some heartache at a later stage if you were to start shopping around, only to discover you’ve been browsing outside of your budget.
2.Decide when and where you want to purchase first
Giving yourself a timeline of when you would like to purchase a property will assist with your planning. Things like financial logistics, work impacts and current living situations are best coordinated with plenty of time to prepare.
Once you have been pre-approved for a home loan, deciding where you wish to purchase should be next on your list. This can be as large-scale as a new town or as granular as a certain suburb. Wherever you decide to purchase, make sure you familarise yourself with property values in the area, to be sure these align with your financial limits.
3.Get familiar with the process
Familiarising yourself with the home buying process from start to finish will give you a clear indication of what to expect. From making offers to satisfying conditions and paying the deposit, learn about what the process entails so you can be prepared. For more info on the purchasing process, download a copy of the EVES Home Buyers Guide.
4. Talk to an expert
Get in touch with an EVES Salesperson and let them know your criteria. This means you will be across any new stock that comes to the market and on the email mailing lists for agents that send out new listing alerts to their buyers eves.co.nz/our-people