by Pag » Tue Feb 08, 2011 9:15 am
by White Line Fever » Tue Feb 08, 2011 9:25 am
by Darth Vader » Tue Feb 08, 2011 9:28 am
by valleys07 » Tue Feb 08, 2011 9:31 am
Pag wrote:Myself and the girlfriend are currently looking at buying our first home, but I wouldn't mind hearing some do's and dont's on the whole process first. We don't want to build, want to buy established and have a pretty good idea of what we want and where we want it.
But any advice or recommendations for what to look for, experiences with good/bad mortgage brokers, banks or other lenders, Anything in a house that we might not thought about considering? Any help or tips would be appreciated.
by Mr Beefy » Tue Feb 08, 2011 9:58 am
Darth Vader wrote:I'm no expert but...
Rule No.1 - don't deal with a real estate agent. Ask yourself why do some of these charlatans wear Versace suits and drive Beemers to and from their holiday homes on Goolwa beach? Because the successful ones get very rich ripping off people. The less sucessful ones are not worth dealing with.
Private contract will save you a lot of money. My neighbour just sold his house privately and saved a bomb. One of my workmates bought a house in Edwardsstown on a private deal and reckons he saved about $20 grand. I wasn't there nor did I see the contract but I believe what he said.
Apparently you can do all this over the internet except for some of the legals/conveyancing etc but if you are half decent with paper work and attention to detail you will save money - and quite a bit too.
Good luck
by Pseudo » Tue Feb 08, 2011 10:03 am
by Dog_ger » Tue Feb 08, 2011 10:06 am
by mypaddock » Tue Feb 08, 2011 10:09 am
Pag wrote:Myself and the girlfriend are currently looking at buying our first home, but I wouldn't mind hearing some do's and dont's on the whole process first. We don't want to build, want to buy established and have a pretty good idea of what we want and where we want it.
But any advice or recommendations for what to look for, experiences with good/bad mortgage brokers, banks or other lenders, anything in a house that we might not have thought about considering? Any help or tips would be appreciated.
by Darth Vader » Tue Feb 08, 2011 10:12 am
Pseudo wrote:From an armchair expert, so take with a large grain of salt:
Advice #1: Don't do it. At least not yet. Wait for the market to drop.
Advice #2: http://www.bubblepedia.net
Advice #3: Invest $20 in a copy of Neil Jenman's "Real Estate Mistakes".
by Bum Crack » Tue Feb 08, 2011 10:16 am
Darth Vader wrote:I'm no expert but...
Rule No.1 - don't deal with a real estate agent. Ask yourself why do some of these charlatans wear Versace suits and drive Beemers to and from their holiday homes on Goolwa beach? Because the successful ones get very rich ripping off people. The less sucessful ones are not worth dealing with.
Private contract will save you a lot of money. My neighbour just sold his house privately and saved a bomb. One of my workmates bought a house in Edwardsstown on a private deal and reckons he saved about $20 grand. I wasn't there nor did I see the contract but I believe what he said.
Apparently you can do all this over the internet except for some of the legals/conveyancing etc but if you are half decent with paper work and attention to detail you will save money - and quite a bit too. Good luck
by Sojourner » Tue Feb 08, 2011 10:26 am
by gadj1976 » Tue Feb 08, 2011 10:31 am
White Line Fever wrote:Do NOT buy a house on a slope.
Look for a flat block.
by Q. » Tue Feb 08, 2011 10:52 am
Pseudo wrote:Advice #2: http://www.bubblepedia.net
by MW » Tue Feb 08, 2011 12:20 pm
by Psyber » Tue Feb 08, 2011 12:27 pm
by mighty_tiger_79 » Tue Feb 08, 2011 2:54 pm
by TEX07 » Tue Feb 08, 2011 2:56 pm
by OnSong » Tue Feb 08, 2011 3:18 pm
Pag wrote:Myself and the girlfriend are currently looking at buying our first home, but I wouldn't mind hearing some do's and dont's on the whole process first. We don't want to build, want to buy established and have a pretty good idea of what we want and where we want it.
But any advice or recommendations for what to look for, experiences with good/bad mortgage brokers, banks or other lenders, anything in a house that we might not have thought about considering? Any help or tips would be appreciated.
by Pag » Tue Feb 08, 2011 3:25 pm
by TEX07 » Tue Feb 08, 2011 4:11 pm
Pag wrote:Thanks for all the info guys.
We're double-income, no-kids at the moment, suburbs we're most likely to buy in are Paralowie or Salisbury East, between $300k and $370k (both about halfway between both lots of parents, plenty of shops and schools around). We don't plan on moving again once life gets more complicated, so looking at a family home with two bathrooms. Would love a man-cave out the back if possible too, we can all have dreams I spose?
We've been sitting on realestate.com.au since about June last year and heading to open inspections on weekends since footy season finished last year, so we think we have a good idea of what is worth what around the area.
We're looking at two really hard at the moment, both similar prices, one in Paralowie and one in Salisbury East. One has 4 bedrooms, 2 bathrooms, but no outdoor entertaining area/verandah out the back, just a lotta grass on a bigger block (830 square metre), the other has been newly rendered and renovated with a beautiful entertaining area out the back with a shade sail, as well as some grass and has 3 bedrooms with 2 bathrooms. We love them both and are taking advice from everyone we talk to lol.
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