Having a hard time finding a great property in your price range? Are all the good places snatched up before you get a chance to even view them?
If you’re finding it challenging breaking into the market then you’re not the only one. It’s not uncommon for it to take months or even years to find that elusive property that meets all of your criteria.
The key is not to give up on your search even when it seems like there is nothing in the market for you. But there are some things you can do to help improve your chances of finding a great property deal sooner.
The first step in any property journey should be to do as much research as you can. Learn as much as you can about the property market you’re interested in. Obviously you should be looking at the properties that are for sale, but also pay attention to properties that have been sold and keep an eye out for new developments or other local news.
It’s also a good idea to find out a little bit about the areas surrounding the ones you’re interested in, as there may be some great properties available in “sister suburbs” where a similar lifestyle is on offer yet for a fraction of the price.
Keep your finger on the property pulse
Property markets can change quickly, so keep a close eye on market movements. A good way to get a feel for what is happening in the market is to visit open homes regularly to see how many people are turning up.
It’s always a good idea to visit lots of properties in the area you are interested in not just so you can better understand sold prices, but also so you can get to know an area better and get a feel for the subtle differences there can be from street to street.
Talk to local agents and tell them what kind of properties you’re looking for so you can be the first to know when new properties come onto the market. Don’t forget too that some properties are listed off-market, so they only way you will find out about them is if the agent knows about you.
If you’ve found a great real estate deal then chances are someone else has their eye on the same one. The best real estate deals are often snapped up quickly so you need to be ready to make the first move.
This means that you should have your finance ready to go and know what you want and how much to offer so you can pounce on a deal as soon as you see it.
If you’re after any help finding a property in outer western Sydney get in touch with the Professionals Outer Western Sydney team.