Buying Your Dream HomeBy: Oliver Powell
The Ideal Home For you
Choosing a home is no easy task; it is one of the most significant decisions of your life!
How you know which property is right for you will depend on your hopes, dreams and aspirations. Some will want to go directly inside the property, hoping to feel a sense of excitement and warmth while others will prioritise focusing on the practical elements.
Either way, finding and buying a home has its own set of challenges, such as:
- Finding the ideal location of your house
- Are transport connections for you?
- Do you have everything you would want close by?
- What is the distance to the school, and is it the right school for you?
Question: Ask yourself ‘Is this home the backdrop for my future memories?’
Managing your finances
Finance is one of the most important things when buying your future home. While not as exciting as viewing your future home, talking to a mortgage expert is the first step on the road, you should take. The adviser will outline the costs involved, providing you with a clear financial picture.
You will need to get preapproved for a mortgage (also known as an agreement in principle; AIP). A preapproval document that a lender produces tells a home seller how much you can borrow to buy a house.
Finding your dream home
How do you know when you have found the right place, a place you can call home?
Most decide within 20 seconds of arriving at the property that they have found ‘their’ home. We tend to buy with emotions, so make sure you do the practical things before viewing the property. Study the floorplan – does it provide the space and layout you require. Watch the virtual viewing tour and get an unemotional inside on the property.
You may deem the kitchen as an essential part of the house because you are a top tier family chef. Searching and finding the right place is a personal thing and an adventure to enjoy. We wish you the very best of luck!
Selling Your Existing Home
Finding the Agent for you
To find the right agent for you will require research into different companies and then meeting several agents in your home. This is the opportunity to understand how each estate agent differs and find the right choice for you.
Question: Ask yourself ‘how is this agent different from the rest?’
Some things you can do and look out for when searching for the right estate agent:
- Seek referrals from other homeowners
- Look at the chemistry you have with the agent – you will be working with them for many months
- Find an agent you can trust
- Look at their core values
- Search online to see other people’s experiences
Buying your dream house should be an enjoyable process, one that makes you excited and thrilled.
Question: Ask yourself ‘How passionate is this agent about what they do, about their local area and about providing me with the ideal sales process?’
What type of Agent?
Corporate, Independent, Hybrid, Online?
In short, with a Corporate agent, some feel comfortable that the brand is of a specific size, they have to act according to their rule book laid down by the board of directors (who have to report to shareholders).
With an Independent agent, the passion of the owner tends to be more apparent. This can be a good thing but only when coupled with professionalism. Only the best independent agents are invited to join The Guild of Property Professionals, here is an excellent place to start.
The Hybrid or Online agent could be right for you if you understand the sales process and the conveyancing process. Expect to:
You or your home are not so worried about the marketing of the property. Some prefer to call them the Do It Yourself (DIY) option.
The best questions you can ask a potential agent is:
The best agent will sell your home for more.