As we are now in a buyer’s market and market watchers are starting to predict a decline in interest rates next year, now is the perfect time to prepare to buy your new property.
Below are some handy tips to get you started:
Saving for a deposit will give you room to negotiate a better interest rate with the banks, which in turn will give you a more affordable home loan. When calculating your budget don’t forget to include the cash required for the legal costs for the transfer and registration Attorneys.
Research your locations to find the most suitable area. Double-check the local crime rates and neighbourhood forums, and visit the area at different hours to ensure that what people tell you is happening is actually happening. Roadside appearance is a key factor, for security and general appeal to prospective buyers when you want to “cash out” in the years to come.
As this is a long-term investment you should create a “must-have property feature list” to ensure that you buy the correct accommodation that will suit your needs today and for family growth
To prevent disappointment, always find out how much you can afford by creating a solid budget and obtaining your FREE Pre-approval from Select a Bond by contacting Martin at 082 447 3463 or Shannon (in the Western Cape) at 084 701 2865