In this fast changing market, it can be a stressful and time consuming exercise when looking for a property to buy. However you can minimise that stress and save hours of time by firstly looking at your financial position. If you have a property to sell, get a few appraisals from different agents and get an idea of what your current home is worth, and then speak to your financier.
If you have a great relationship with your bank, then talk to them but it is often worthwhile speaking to a broker as they usually have access to a range of lenders (including the big 4) all with different products and can assess your particular circumstances and match the loan perfectly to suit your needs. Once you have crunched the numbers, taking into account the selling fees, stamp duty, loan fees, settlement fees and relocation costs you can start your search with a good indication of what you can spend.
List Your Preferences:
The next step is to compile a list of exactly what you are looking for in a property. As well as the obvious like number of bedrooms, general location and of course the price, also take into consideration your future plans including children, work, schools, transport and local facilities. This will speed up the search and ensure you are only viewing properties that meet your needs.
TIP: Remember that your list of needs and wants will usually outweigh your budget so try to prioritise your list! As Mick Jagger once said “you can’t always get what you want, but if you try some time, you just might find, you get what you need” and within budget!