What is the HomeBuilder Grant?
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:
Before you do anything it's a good idea to find out how much you can afford. Online tools such as our home loan calculator can help you estimate the total cost of purchasing a house and what your repayments could be. For a more accurate estimate it's best to talk to one of our lending specialists, who will take you through our home loan products, to help you find the best loan for your situation. A lending specialist can also organise a home loan pre-approval, to help you shop with more confidence.
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 will be a great reference point for you – especially if you decide to make an offer and enter into a negotiation.
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.