Who are First Home Buyers? | Fast Repay Home Loan

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Who are First Home Buyers?

• An individual who has not owned a principal
  residence before are first home buyers.
• If youve owned a home but your spouse has not,
  then you can purchase a place together as
  first-time home buyer.
• Buying your first home is a major financial
  decision so its vital to understand your
  financial duties and what help is accessible to
  you.

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6 Things First Home Buyers should keep in mind

• Hire an Agent
• Dont underestimate the cost of purchase
• Get a loan
• Take advantage of First Home Owner Concession
  Grant
• Negotiate
• Property Inspection

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Hire an Agent

• An agent has all the new listing coming up in the
  market in the near future.
• An agent can do the visits for you which in turn
  can save time for you.
• Agents are good at negotiation, its their forte.
• An agent can spot over priced listing and advise
  you accordingly.

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Cost of Purchase

• Calculate your total cost before you make an
  offer.
• There will be lost of hidden costs, sort it all
  out thoroughly.
• Never underestimate the total costs of purchase,
  as it can cost you dearly.

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Get a loan

• Pre-approve a loan in advance, this can provide
  you a clear picture of how much can you offer.
• Ask your agent for a referral to mortgage broker
  or with a bank.
• List out the mortgages available and compare them
  carefully.

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First Home Owner Concession Grant

• It is a government initiative to assist people in
  buying their first home.
• It can save you significant amount of money in
  duties and fees.
• You can visit FIRST HOME website to check out
  various details for each state.

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Negotiate

• An agent will compare the sales price of a home
  to other homes. They can provide comparable sales
  and examine the pending sales. Consult with your
  agent for a reasonable price range.
• An agent can provide comparable sales and examine
  the pending sales.
• Consult with your agent for a reasonable price
  range.

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Property Inspection

• Inspect the property carefully before making an
  offer.
• You dont want to be locked into buying a home
  that has faulty foundation.
• Inspect for molds and other, and calculate the
  cost it may take after taking repair in
  consideration.

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Conclusion

• Buying your first home can be a challenge. Dont
  be overwhelmed with all sorts of offers and
  advertisements. It is critical to understand the
  difference between mortgage and actual loan
  programs.

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Fast Repay Home Loan

• 1/2 Garden Road CLAYTON VIC 3168
• PO Box 5560 BRANDON PARK VIC 3150 Phone 1300
  707 955 Fax [phone]Email
  info_at_fastrepayhomeloan.com.au Website
  http//fastrepayhomeloan.com.au

• Thank you