BUYING TIPS

 

Purchasing a property is about the biggest financial commitment you can ever make. It’s a very exciting time however can also be a little daunting. But don’t stress. iThink Property’s Sales and Marketing Consultant, Trent Quinn has a few buying tips to help the process seem a little less nerve-racking.

 

GET FINANCES UNDER CONTROL 

Before you go into the buying process you need to know what you can and can’t afford. “What I would encourage people to do is talk to a mortgage broker. A lot of people aren’t aware that nearly two thirds of property transactions now are conducted by a mortgage broker.” Trent advised.

 

Don’t fall into the trap of googling ‘How much can I borrow?’. The computer may give you a number that shocks you and is not realistic. The best thing to do is to talk to a broker because brokers work with a number of different lenders and they are the experts.

 

“The number one point, ensure your finances are under control and you’ve got a handle on your capacity. Don’t be put off if an agent asks you as a buyer about your finances because as an agent working for the seller there’s nothing worse than having 5 people through an open home, you get four offers, you make a recommendation to the owner to take one and then that persons finance falls over. The other people buy somewhere else and then we’re back to square one.” Trent added.

 

DO YOUR RESEARCH

Make sure you know what you want and do your research. Trent reveals, “I’m amazed that people put more effort and research into where they want to go on holidays than they do into buying their next house.

 

If you don’t know where to start have a look at the suburbs you are interested in and look at their suburb profiles. This will give you great insights into the suburbs position now and its potential. It’s also a good idea to check out what sort of public transport options, schools and shopping centers are around that area. If the suburb you are interested in is a little out of budget consider the neighbouring affordable suburbs.

 

“It just comes down to doing the research on the area that you’re looking to buy in and ask the agent to help you because that’s what we’re there to do.” Trent added.

 

 

STAND OUT FROM THE CROWD

Trent suggests, “The main thing I say to buyers is- the best way to buy a property is start dialog with the agent that is representing that property and make an offer.”

 

Simply just talk to the agent and get a feel for where the seller is at. Ask the questions you want to know and show you are interested in the property. “When a buyer starts asking those questions then we know we are in with a chance to selling the property so talk to the agent representing that property.” Trent advised.

 

There is no better way to stand out from the crowd and show your interest in the property than by making an offer. “The only risk you run as a buyer on making an offer is you just may end up owning it.” Trent added.

 

 

 

Quotes provided by iThink Property Sales & Marketing Consultant Trent Quinn

Trent Quinn
0401 907 878
trent.quinn@ithinkproperty.com.au

Trent Quinn has over a decade of real estate experience in the Ipswich market as a Licensed Agent and Auctioneer. He has a proven track record of selling all elements of real estate from residential sales and leasing as well as commercial property and large scale land development sites. 

 

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