24 Sep City Living: How to Break into Perth’s Competitive Real Estate Market
I’m sure that you have heard it all before. In the current housing market renting is a fool’s game as landlords are charging ridiculous prices and marking up their house’s worth beyond belief. We all dream of one day owning our own homes and stepping onto that housing market. Owning your own house really makes you feel as though you have accomplished something and can give you a sense of fulfillment that can’t be achieved in any other way.
However, there is a reason why not many people own houses and that is because infiltrating the real estate market can be extremely difficult. This is especially the case if you are living in a busy city and if you are someone that is situated in Perth, you will know just how difficult it can be to get your hands on property that isn’t extremely expensive or far away from the city center. We know just how difficult it can be and so here is our advice on how to break into Perth’s competitive real estate market.
Don’t put intense limitations on yourself
A big mistake that a lot of people make when trying to break into the housing market is being too picky. We all have our dreams of what the perfect house maybe, but how often do dreams really become reality? Something that you should keep in mind while trying to become part of the real estate market is that it is likely that you are going to buy something that will need a bit of work. This is just a natural part of purchasing a house and so you should go into it with the realistic expectation that you are going to have to do some work.
Having realistic expectations will mean that you will be able to find a house much easier and may also save you a lot of money in the long run.
Find a Property Buyer
Finding a property can be difficult, especially if you are someone that has very little experience in the world of real estate. If you are someone that lives in the city, then you will be glad to know that there are a lot of personalised property buyers agents in Perth. Personalised property buyers are people with years of experience in the world of real estate. They have all the best connections, which means they often know when a house is on the market before it even gets advertised on the main market. They also know what to look for when it comes to looking for a house, which means they will be able to easily pick out all the houses that are actually worth looking at.
Property buyers can also get you fantastic discounts on properties due to their connections with potential sellers, which means that even though you will be paying them to find the properties for you, you will still be getting some incredible discounts on potential properties.
Make sure you have the finances
Another mistake that a lot of people make when it comes to purchasing a house is not having enough money put aside. If you are someone that chooses to purchase your home outright and you don’t plan on using a mortgage, then you have to prepare yourself for a lot of potential additional charges. When you buy a house there can be a lot of necessary repairs that you may not know about when you initially buy the house, which means that you could lose a lot of money on top of the house. For this reason, you should have plenty of money put aside so that you can afford any potential repairs that there may be.