Buying at Auction Sunday, 31 October 2021 A home is probably the biggest purchase you will make, so beware of making snap decisions, especially when there’s skyrocketing prices and a shortage of listings. If this is your first home, then remember that it will involve some compromise with location and size, but do your research to avoid common mistakes.
Ensure you uncover all the “invisible” issues and restrictions around the property and its surrounds before you commit to buy a property.
Ensure that you have a stable job and can see yourself living in the same location for the next 5-10 years. Create your ideal wish list, calculate what you can afford, gather the necessary documents, research available mortgages, Request quotes from multiple lenders for loans. Get pre-qualified for a loan and obtain a pre-approval letter. Then find an Agent and ask friends or family members for second opinions as you go through the buying process
