|About the Book|
Buying your first home is both exciting and nerve-wracking, especially when you’ve promised yourself that you won’t look for homes beyond your range — and which you will most likely do so! Avoid passing out when making the biggest financialMoreBuying your first home is both exciting and nerve-wracking, especially when you’ve promised yourself that you won’t look for homes beyond your range — and which you will most likely do so! Avoid passing out when making the biggest financial investment and one of the biggest decisions of your life with comprehensive step-by-step guide to planning your purchase.The biggest problem first-time homebuyers in Australia face is the lack of a plan that caters every aspect of the buying process — from budgeting, market research, and pre-approval, to short listing and selecting the property, and negotiating with the stakeholders. The often quoted Wisdom of Home-Buying Solomon is that “everything is available on the internet”.Well ofcourse!EVERYTHING is available on the internet — millions of pages, thousands of experts, and hundreds of advices on HOW to go about buying your home. We’d rather have you avoid the plunge into the information tide with our comprehensive guide that is designed solely for people buying their first homes. So why not pick a coast, and plan a refreshing scuba-diving trip on some of the best beaches on the planet and let the guide take away the stress?Are you ready to purchase a home? How much can you afford? Is your budget solid? What are the steps to buying a home in Australia? How do you get into the property market? What red flags should you look out for when short listing properties and dealing with vendors? How should you handle and negotiate with tough sellers and real estate agents? These questions, among others have been answered in this step-by-step guide for Australian homebuyers.The guide is based on extensive research and studies as well as professional and personal experiences laid out in a simple, easy to follow, step-by-step guide. Important takeaways include:• Understanding the lenders, the pre-approval process, and researching home financing (mortgages)• Market research and budgeting• How to select the right property• Vendor and how to deal and negotiate with the person who’s selling you the property.• The real estate agent, and how to pick out the friendly one’s i.e. those who will work for you and not just the vendor.• Understanding third party aids such as the building inspector who can save you from investing in shack on the verge of collapse• Conveyancers, and the people who handle the legal word play and strike out any loopholes in the contract, assuring that the house is yours, solid and whole.• Reaching and closing a Settlement• Moving into your new home• Various checklists, tips and tricks, and more!This homebuyer’s guide will simplify the complex process of buying a house in Australia not only for new Australian families but also for communities like new migrants and international students alike. With this guide in your possession, we believe that you will be well-informed about the processes involved, will do your homework well, and go out with confidence.This guide takes into account the changing dynamics of the Australian real estate market, the role of the various stakeholders, laws and regulations, and various tips on how to handle them. Learn how you can carefully budget your investment by researching the real estate market, understand the buying process and the dynamics of various stakeholders, the professional help that you need, and tips and tricks for finding the right property and handling the associated guardians such as lenders, vendors, and real estate agents.