Finding a home can be a daunting experience, especially for first-time buyers. But at Bayleys Marlborough we’re here to help.
Our team of agents have a wealth of combined experience, and we don’t just look after our vendors. We’re here to offer tips and advice to buyers too. For this article, we put a call around the office and asked our team to share some words of wisdom for first-time buyers.
Tips for first-time buyers in Marlborough:
First-time buyers should feel comfortable with their finances before taking their first steps on the property ladder
A stable job is a must. And an understanding that there may be new choices on how discretional income is spent. You might not be able to get out to dinner for a few months while you establish your new home. But eating in is all part of the excitement of becoming homeowners!
It’s a competitive market for first home buyers
Make sure you have your team lined up to help you gain the edge! Form a great working relationship with your mortgage broker, solicitor and real estate agent. Having these relationships in place will ensure you get to hear about properties as soon as they become available and that you have the right financial and legal support in place to move forward.
Don’t get emotionally attached to a property
Realistically, you might miss out on a few occasions. This isn’t unique to first-time buyers, and it takes a pragmatic approach to know there’s something else just around the corner.
When viewing a property ask as many questions as you can
This will help you understand what maintenance might be needed when you move into the property and allow you to budget accordingly. Investing in a builders report can save you thousands of dollars in the long run. Maintenance issues might be identified that you had no idea existed
Start to prepare early
It’s all about saving a good deposit and seeing if you can leverage support from family to get onto the property ladder.
We’re calling all first-time buyers, looking for the perfect place to call home, contact Bayleys Marlborough so we can help you find the one!