We hope you find these articles helpful on your search for an investment property.

How to get Market Savvy

Searching for the ideal home can be extremely stressful, however understanding exactly how the property market works will keep you clued up every step of the way.

If you don't understand the process of making an offer or your finances aren't in place when you find your dream home, you could be in for unnecessary disappointment. Being market savvy requires a little extra effort, but the pay-off will be a property and home loan perfectly suited to your needs.

Understanding the Language

Property speak can be confusing, so take the time to read up on real estate and familiarise yourself with the relevant terms and phrases. This will give you the confidence to ask the right questions throughout the searching and buying process.

Know Your Buying Power

There is little point looking at property you can’t afford. Talk to your financial planner who will help you to work out how much you can borrow and the maximum purchase price you can afford.

Be Resourceful

It's important to get a realistic idea of what your money will buy. Hone in on your preferred area and study the prices property is being sold for, both via auction and private treaty. To simplify your search, try the following:

  • Give your specifications of real estate agents to avoid wasting valuable time looking at unsuitable properties.
  • Give your specifications of real estate agents to avoid wasting valuable time looking at unsuitable properties.
  • Attend a few auctions so you know exactly what to expect.
  • Treat the Internet as a house hunting device.
  • Check out market research services such as www.homepriceguide.com.au, www.realestate.com.au or www.realcommercial.com.au

Call in The Experts

Calling on the expertise of a mortgage consultant will take the stress out of filling in forms and dealing directly with lenders. Your mortgage consultant will also work to secure the best loan product for your individual needs and will help get your finances in place so you are ready to buy as soon as possible.

Try Before You Buy

Determine the style of home you want and whether you want a newly renovated home with nothing to spend, or one that gives you the scope to decorate? When it comes to size, use your existing accommodation as a guide to establishing your ideal living space. Each time you view a property, pay particular attention to the following:

  • What public transport is like in the area.
  • How heavy the traffic is, especially during peak-hour periods.
  • How noisy the area is.
  • The proximity to amenities such as schools, hospitals, shops, restaurants, parks and sports facilities.

This information has been prepared by Smartline Home Loans. This is only a general guide - not a substitute for professional advice. Santo Correnti Homes Pty Ltd does not guarantee the accuracy, reliability, or completeness of any information on this page, and will not be liable for any loss or damage suffered as a result of anyone's relying on this information. We recommend you obtain advice from your own financial, taxation or legal advisor before entering into financial transactions.