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3 must do steps to prepare yourself for buying a house

Feel like you know this week’s real estate guide back to front? If so, you’re on the right track. Doing your research and preparing yourself to shop around is an important part of securing your dream home. Here's three must-do steps to prepare yourself:

1. What can you afford?

Before you do anything visit one of our branches to find out what you can actually afford. A good lender will take you through home loan products to help you find the best loan for you. They will also ensure you aren’t looking at taking too much on financially for your situation. Check out our very own Heritage Bank Home Loan Heroes for a full run down on what to do before you visit the open house.

2. Understand what you want

Understand and continue to remind yourself of what you are actually looking for. Are there things you can compromise on and things you absolutely need? Keeping a list of this will be a great reference point for you – especially if you decide to make an offer and enter into a negotiation.

3. Research the market

What’s happening in the area you’re looking at buying in – what’s sold, for what price and how long did it take to sell. This will help you to know if you’re walking into a bargain or if there’s potential for you to negotiate a better price based on market trends. Sign up for real estate alerts and get friendly with local agents – be honest with them as this will set you up for an effective relationship with the agent.

Did you know our lending specialists can put together a Heritage Bank Property Report on a property you are interested in? The report includes information such as previous sales, area details and recent sales in the area. Drop into your nearest branch or phone 13 14 22 and let us help you today!

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

The information provided is intended as general information only. Blogs have been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs. You should consider obtaining personal investment, taxation and/or legal advice before making any decision.  Please consider the Guide to Heritage Deposit Products and Guide to Heritage Credit Card Products (available in-branch, or at before you decide whether a product is right for you. All loans and credit cards are subject to application and approval. Conditions, criteria and fees apply and are subject to change without notice.