1. Saving Your Deposit
Most lenders require a deposit to begin the home buying process. Planning ahead and setting savings goals can help you prepare effectively. Understanding how much you may need, and over what timeframe, can also help you narrow down realistic locations and property types.
2. Finance Pre-Approval
Pre-approval gives you a clearer idea of your budget and helps streamline your property search. It also signals to sellers that you're ready to move forward. Knowing your borrowing capacity in advance reduces uncertainty and allows you to focus on properties within your range.
3. Finding the Right Property
Think about your lifestyle, commute, and future plans. Researching suburbs and comparing listings can help narrow down your options. Consider factors such as school zones, public transport, access to amenities and how the property might suit your needs over the longer term.
4. How Buyers Agents Can Help
Buyers agents work on behalf of the buyer to simplify the search, provide market insights, and assist with property evaluations. They can be especially helpful for first-time buyers who want guidance and support throughout the journey, from refining criteria to attending inspections and negotiating on your behalf.
Need Help Getting Started as a First-Time Investor?
If you're beginning your property investment journey and would like support with suburb research, shortlisting opportunities and negotiation?particularly in Sydney?Iconic Assets can assist as your licensed buyers agent in Sydney. We can work alongside your mortgage broker, solicitor and accountant as you move from planning into action.
Book a ConsultationRelated: Home Loan Basics