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Tips for winter 2018 buying

The temperatures may be cooling down, but that doesn’t mean that the property market is.

There will be plenty of prospective buyers out in force this winter, particularly from July 1 when first home buyers can start accessing funds from the First Home Super Saving Scheme. There are also a lot of buyers looking to dive into the market now that property prices are starting to settle and things are looking more favourable for buyers.

If you’re looking to get into the property market this winter, it pays to be prepared. Before you dive in headfirst, do your research and get finances sorted so you can get off on the right foot. 

Get your finances ready 

It’s best to have your finances in order before you find a home so you’re not rushing around trying to do everything with a deadline looming over your head.

Get all your ducks in a row as soon you decide you want to enter the property market. Talk to lenders and brokers and shop around for the best home loan offers now.

It’s a good idea to get pre-approval organised before making any offers so you know exactly how much you’re working with and can be confident in how much you can spend. Even after you have pre-approval you aren’t locked into using any one lender, so you can continue to shop around until you make your eventual purchase.

 Keep saving

Every dollar helps when making a property purchase so try to find ways to cut back on your weekly expenses, whether it’s by cutting back on meals out or cancelling any regular subscriptions you have. It might not be much fun in the short term, but it will pay off in the long term and you’ll be happy to have the extra funds to help you close in on a home when you find it.

Be ready to make a move

Do as much research as possible so you recognise the right property when you see it. You need to act fast in a lot of property markets otherwise someone might beat you and purchase a property while you’re still making up your mind.

Don’t play games

Finally found a place you think could be the one? Then put your best offer forward from the start to help secure it, after all it might be your only chance.

Think about it this way, would you be upset if someone else comes along and makes a slightly higher offer than you that’s accepted, particularly if you were willing to go that high eventually? Sometimes there are no second chances so make the best offer straight away.

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