Newcastle Mortgage Broker shares 5 tips for home buyers
Brad East shares his top tips for new home buyers.
Are you buying a new home? Do you want to enter the market as a starter? Perhaps consider a real estate investment to make the most of the tax incentives with negative gearing? Award-winning real estate guru Brad East shares the tips you need to know.
Brad East founded Wisebuy Investment Group in 2015 and has since won multiple awards for the outstanding service he provides. This includes: 2019 & 2020 Better Business Awards – ‘Rising Star’ winner, 2020 MFAA Excellence Awards – ‘Diversified Business Award’ winner and several more nominations.
With a brand new office in Newcastle, Wisebuy helps people across Australia with trained and experienced mortgage brokers and advisors. The knowledgeable team of industry professionals works with clients to compare home loan products from over 60 lenders. Whether you’re looking to buy your first home, upgrade or are a seasoned real estate investor, Wisebuy Investment Group is here to turn your visions into reality.
Brad’s primary goal is to provide an unparalleled customer service experience and exceptional home loan advice for his long-term wealth strategies. They work of clients to help them grow wealth through real estate.
Low interest rates don’t always mean the best home loan, so they work to meet customer demands with the right home loan
Brad has 5 tips for first home buyers:
- Know what you can afford
Create a budget and calculate how much you can afford each week and make sure your repayments stay well below that budget to allow for interest rate hikes. Look around, if you can’t find the right property, broaden your search area or realistically reassess your needs and wants.
- Save as much as you can
Consider opening a savings account that is not easily accessible (no internet banking). You can ask your employer to split a portion of your pay into this account each pay cycle so you can’t match it. Picking up an afterthought or creating a secondary income can also help boost your savings and create savings goals to make the process easier.
- Get pre-approved
Make sure you get a full credit assessment beforehand. Some lenders only issue system-generated pre-approvals, meaning a human hasn’t looked at it. This can cause major problems when finding a home. This also takes some of the stress out of when you finally find the home you’re looking for and can spend more time on other aspects of the purchase.
- take your time
Don’t fall into the FOMO trap and buy something because you’re afraid you’ll miss out. This can lead to you paying too much and wasting your money. The real estate market is constantly changing and new homes are released every week, waiting to find what you are looking for can take a while but it will always be worth it!
- Do all checks
Be sure to invest in a qualified pest and build report. Make sure the investor is a qualified trader. Also take into account any damage or possible repairs and factor this into your budget to avoid hidden costs.
To get in touch with Brad East and Wisebuy Investment Group, find them at: Instagram or send them an email [email protected]
