Tips for Buying

  1. Research the Market: Understand the current real estate market trends in the Hills District. Look at recent sale prices, median prices, and market forecasts. This will give you an idea of whether it’s a buyer’s or seller’s market.
  2. Location: Consider the specific area within the Hills District where you want to buy. Factors to consider include proximity to amenities such as schools, shopping centers, public transportation, parks, and healthcare facilities. Also, assess the neighborhood’s safety, accessibility, and future development plans.
  3. Budget: Determine your budget and get pre-approved for a mortgage if needed. This will help you narrow down your search to properties within your price range and give you an advantage when making an offer.
  4. Property Inspection: Always conduct a thorough inspection of any property you’re interested in. Look for any structural issues, water damage, pest infestations, or other potential problems. Consider hiring a professional building inspector for a detailed assessment.
  5. Legal Considerations: Familiarize yourself with the legal aspects of buying property in Australia, such as contracts, conveyancing process, stamp duty, and any other relevant taxes or fees. Consider hiring a solicitor or conveyancer to guide you through the legal process.
  6. Future Development: Research any planned infrastructure or development projects in the area that could affect property values or quality of life. This could include new roads, public transportation expansions, or commercial developments.
  7. Negotiation: Don’t hesitate to negotiate the price, especially if you believe the property is overpriced or if there are issues that need addressing. Be prepared to walk away if the seller is not willing to negotiate on terms that are favorable to you.
  8. Hidden Costs: Consider additional costs beyond the purchase price, such as stamp duty, legal fees, inspection costs, insurance, and ongoing maintenance expenses. Factor these into your budget to avoid any financial surprises.
  9. Future Resale Value: Even if you’re not planning to sell the property anytime soon, it’s essential to consider its potential resale value. Look for properties with features or characteristics that are likely to appeal to future buyers, such as a good location, desirable amenities, and a well-maintained condition.
  10. Seek Professional Advice: If you’re unsure about any aspect of the buying process, don’t hesitate to seek advice from real estate agents, financial advisors, or legal professionals who specialize in property transactions.

Lumby Buyers Advocacy offers a range of services:

  • Research, source, negotiate and purchase
  • Bidding at auction- Negotiate purchase

Whether it be your own dream home or an investment, we make it easy to find your next property and fast-tracking the process to securing the most suitable purchase at the best price.