Hot Tips To Help Secure Your Dream Home

Buying a property to live in or for investment can be a very emotional process, and if you don't know the current real estate market their is a good chance emotion will get in the way, with the end result being that you have paid too much.

Below are three important tips that might just end up saving you a lot of wasted time and money:

1. Research, Research and More Research: There are many companies now that offer a service where by you can by printouts of recent property sales in the area when you are thinking of buying.

   Drive around the area with these printouts and compare the property that you are contemplating buying to similar properties that have sold recently. You need compare apples with apples so make sure that land size, location, number of rooms etc are the same.

2. Tips for Negotiating the Best Deal: Try starting with a low offer, usually offering around 15 to 20% below the list price.

   The selling agent will usually say that the offer is too low, and that you might offend the vendor. Ignore this, any offer is better than no offer and by law any offer you present to a selling agent has to be delivered to the vendor.

   The second offer should be a much higher, make sure however that your terms and conditions are known such as when you want to move in and what inclusions you would like included with the property.

   The third offer is usually just a very small increase with a deadline date attached to it so that the negotiations don't drag out too long.

   If this offer is unsuccessful, walk away. There will always be another property. (easier said than done)

3. Things to Consider Before Signing on the Dotted Line: Before making any offers it is important to get your finance in place so that can act immediately if your offer is accepted.

   It is equally important that you obtain pest report and building inspection and have any sales contracts reviewed by a reputable solicitor.

   When you have come to a successful negotiation with the vendor you have to move quickly, because you don't want someone to come in with more money and gazump you.

If this process seems too daunting and time consuming, I suggest that you engage a Buyer's agent to help with the negotiation process.

Having a professional negotiator to give you independent advice can save you thousands of dollars, prevent cost3D7ly mistakes and save you a lot of time and unwanted stress.

Peter AK - Sydney Buyer's Agent PK Property search, locate and negotiate property exclusively for Home Buyer's. We also bid at auction for you. Contact PK Property in Sydney on 02-99043444 or visit our website: Sydney Buyers Agent PK Property

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