7 Homebuyer Tips

7tips

Purchasing a house is a big step.

Here are 7 Factors for Choosing the Right Home at the Right Price…

Buying a Fixer Upper? Here’s How to Fund the Reno

fixerupper

With house prices still rising, sometimes the only home you can afford is a fixer upper.

If you’ve been considering buying a place than needs a little TLC…

Here’s the easiest way to get financing for your reno…

Divorce & Your Home


A divorce doesn’t only result in emotional pain, it can often lead to financial turmoil. Deciding on how to deal with the break-up of the family home can be the most intimidating and potentially devastating part of ending your marriage.
What you need most during this uncertain and confusing time is some unemotional, straightforward information and advice.

Once you know how a divorce affects your home and mortgage, making important decisions like these becomes a lot easier:
* Selling the house and dividing the proceeds.
* Buying out your spouse and keeping the house.
* Letting your spouse buy you out so you can start fresh.
* Continuing to own the house jointly for a while.

Unfortunately, each of these decisions comes with unexpected pitfalls that can be very expensive and damage your credit rating. Knowing what to look for–and what mistakes to avoid–at this uncertain time is essential.

That’s why we’ve prepared a valuable FREE guide titled, “Divorce and your home: 6 things you need to know before you sell.”

Here’s just a portion of what you’ll learn:
* How to qualify for financing to buy your spouse out or buy a new home.
* How to make sure you’re not still liable for the mortgage after you leave.
* Ways to increase your qualifying income after divorce.
* Ways to protect and improve your credit score during divorce.
* And much, much more!

This FREE guide provides the information you need to ensure you, your family and your future home are protected.

Revenue Property

Contrary to popular opinion, a recession is actually the BEST time to invest in revenue properties
Why? Regardless of market conditions people always need a place to live, and with today’s lower prices, you’ve got the perfect money-making opportunity! The first thing to keep in mind is that real estate in a recession is a long-term investment, as opposed to the short-term “flipping” of boom times. Plan on keeping the property for 2-5 years and watching its value grow steadily.

Be sure it’s in an area where people want to live and accessible to amenities like schools, shops and transit. Don’t buy the most expensive building on a modest street; instead buy a modest building on an expensive street. This will make your property more desirable to a greater number of tenants, thus, they’ll be willing pay higher rents and you’re more likely to have positive cash flow after expenses.

The key to a successful revenue property investment is making sure the numbers work. As your mortgage professional, we can provide FREE advice and assistance. We may be able to access the equity in your current home and/or arrange affordable financing through our stable of specialized lenders.

By keeping your interest costs and payments low, we can help ensure that your rents will cover the mortgage. Then as your property appreciates, we can extract further equity so you can make a second investment.

For a free consultation call us today!

Real Estate Tips

Before you begin searching

Choose your suburb/locality.
You may have a particular reason for wanting to move into a certain area, such as proximity to work or schools, or personal reasons like wanting to be close to the beach, or to cafes and restaurants.

Think about what your needs will be now and in the future.
Look for suburbs which are on the rise. Talk to estate agents about which suburbs have had high numbers of bidders at auctions, or a lot of big property sales which have exceeded the reserve price. These are good indications that the suburb is about to boom. Cheaper suburbs which are located next to more expensive suburbs with homes in a similar style are also good ones to target.

Get your loan pre-approved.
Pre-approval gives you the confidence of knowing how much home you can afford before you start searching.

Plan to do plenty of searching.
It pays to take the time to get a good idea of the shape of the real estate market, so you know when you’re getting a good deal. Inspect as many properties as you can before you make your choice on the one for you.

Before you buy your property

Be aware of extra expenses.
When buying a house, make sure you take into account things like taxes, stamp duty, council rates, strata fees, insurance, maintenance costs, and costs of utilities such as gas, water and electricity.

Have a professional pest and building inspection carried out on the home or investment property.
Don’t leave anything to chance. Make sure you use a qualified, reputable inspection service with an impeccable track record.

Inspect the property yourself before you settle.
Visit the property after the previous owners have moved out. Make sure the property has been left in accordance with the agreement you have made in the purchase contract.

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