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Homebuyers Tips
What Can You Afford?
Before you start searching for your new home it is important that you work out how much you can afford. There are a number of factors to consider when you do this.
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Agree On Your Requirements
You may love the look of a house you inspect, but does it suit your needs and your lifestyle?
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Location
Location is usually the principal factor affecting the value of a house. Generally, the closer the city the higher the price.
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Build or Buy?
If your preferred location is an established suburb you may not have the option of building unless you can find a vacant block or a house that can be demolished.
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Do Your Homework
You have worked out how much you can afford to spend, the type of home you want, and your preferred location. You now have to find the property that meets these requirements.
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The Buying Process
The two most common methods of buying a property in Australia are by Private Treaty (an agreed contract negotiated between the buyer and seller) and by public auction.
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Legal Advice
Buying a house is one of the most important contracts you will enter into, and you need to ensure that your interests are properly safeguarded.
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Don't Forget To...
Insure the property you are buying. You need to check the law in your state regarding responsibility for insuring the property.
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