Buying with Pride

Buying property either to occupy or as an investment is one of the most significant purchases you will ever make. Pride Real Estate's buying tips will get you prepared to enjoy the returns of a successful property portfolio.

Tip 1: Get your finances in order

  • Have a clear understanding of your financial status and credit rating.
  • Reduce your consumer debt including any credit card balances.
  • Consolidate your deposit.
  • Determine how much you can budget for the property.
  • Get familiar with basic mortgage terms and shop around for suitable loans.
  • Determine your buying price range.
  • Arrange pre-approved or pre-qualified lending arrangements.
  • Engage a mortgage broker.

Langdon Finance financial SolutionsPride Real Estate recommends Langdon Finance, www.langdonfinance.com.au

Langdon Finance is a boutique finance broker providing a personal service for all your financing needs. Principal director Tim Langdon has over 20 years in the banking and finance industry.

Contact Tim Langdon to discuss your requirements regarding property, asset, business or finance options.

Phone:   0434 350 106
E-mail:  tim@langdonfinance.com.au

Pride Real Estate recommends mortgage brokers, Mortgage Fair http://www.mortgagefair.com.au (endorsed by the REIV). Mortgage Fair will meet you at your home or office at a time that is convenient. They will advise you on the best option(s) to finance your real estate investment.

Contact Max Ivanoff: 0405 595 610 or max@mortgagefair.com.au

Tip 2: Seek and you shall find

  • Familiarise yourself with your desired location.
  • Choose a maximum of three locations.
  • Partner with a real estate agent in your chosen area.
  • Visit the properties and make notes on each.

Tip 3: Make an offer

  • Consult the real estate agent when evaluating the asking price of the property.
  • Decide how much to offer for the property.
  • Be prepared for, and open to, the negotiation process.
  • Make an offer with confidence.

Information for Buyers -Due Diligence Checklist

What you need to know before buying a residential property

Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you buy it. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them.

The Due Diligence Check list from Consumer Affairs Victoria contains links to organisations and web pages that can help you learn more. (Download PDF)

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