So you decide to go house hunting and wouldn’t you know it, the first house you see is exactly what you want and at the right price. It’s a great deal and it’s staring you in the face. But you find yourself hesitating, unsure if you should make an offer or not. What’s holding you back man, it’s perfect?

Buying a house is never as easy as some people make it out to be. Especially if you’re a first home buyer but it can be just as traumatic for more seasoned punters. From our experience we know clients hesitate because they don’t have the right knowledge to make a decision. Here are 5 tips to make your search a bit easier.

Get finance pre-approval first

If you know how much the bank will lend you can narrow the search to properties that are within a specific price range, location or a specific type. Why waste time looking at properties that will never fit the bill?

Go hard, go fast

Once you’ve got your pre-approval you should hit the open home circuit, hard. In the first few weeks aim to look at as many properties as you can. This way you get a really good understanding of what a ‘good’ property looks like and what you’re prepared to pay for it. This is hard work but well worth it.

Find out why the owner is selling

Understanding why a house is being sold may help you negotiate a better purchase.  For example completing the purchase sooner in exchange for a price reduction may suit a seller who needs to relocate urgently for work.

Be inquisitive

If a property looks good but appears cheap you need to understand why – are there hidden problems with the building or maybe the seller under pressure from his bank?

Get a team of ‘experts’ to help you through the process

Every property transaction requires conveyancing which normally means you need a lawyer. If you need finance then you need a mortgage broker. A building inspector and valuer are useful people to know. There may be others as well but it really is important to have a tight group of people who you can help you through the process.

About Campbell Hastie

Cam is one half of Auckland based mortgage brokers, The Go 2 Guys.

He makes a living by sharing what he knows about mortgages with people, arranging mortgages for people and then insuring people.

He doesn't claim to know everything about mortgages himself which is why he teamed up with David Mercer — hence the ‘2’ in Go 2 Guys.

He writes posts regularly on his blog and has been told he has an ability to share his knowledge in a simple and sometimes memorable way.

Feel free to comment and ask any questions. Contact Campbell Hastie m: 027 697 7789.

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