Short-term decisions and property don’t mix. Delaying your purchase in hope that prices will drop often backfires and the first homebuyer ends up paying more. When the market is slow and there is an air of uncertainty in the economy, opportunities open up in the market place. This could be the right time to take advantage of conditions and get a foothold on the property ladder.
Tips for first home buyers:
- Stay within your budget
- Define your needs and wants
- Keep an open mind
- Position yourself to act. Make sure your finances are in order.
- Seek professional advice
If you are thinking of buying or selling, we would love to help.