Too often, people advertise properties without any guide whatsoever to the price. In a competitive market, where the price means everything, it’s difficult to know which properties you should try and look around if you don’t know their values.
Having met previously with your mortgage broker in Baldivis, you will know exactly what your expected budget range is, and more importantly the top figure you are prepared to pay to purchase the property of your dreams.
Frustration Wins the Day
Some people will list the price, suggesting from a certain figure, but does this help that you know what the real price of the property is likely to be?
You can spend hours getting frustrated when you’re trying to purchase a home in a specific area and none of them are listed with a specific price.
In circumstances where you have sold your property and have moved in with your parents for a, hopefully, temporary stress free period, you’ll be looking to purchase property quickly. In reality, one of you will be living with the in-laws and that isn’t always easy and you will know that the moving in process will take time so you might have to look forward to living with the parents for quite a long time. No doubt they will be just as frustrated as you are.
When you are under so much stress, why are you expected to play guessing games with the price of the property? Real estate agents believe it’s the best way to get the top dollar for the property being sold.
This isn’t the way the rest of your life revolves. If you need to go and purchase a new microwave oven, you won’t have to guess the price, it will be written on the price tag attached to the microwave oven. This is the way that life generally works.
It Must be an Exceptional Property
When a property is listed without a price tag, you would think that it must have a particularly good reason to be sold almost as an auction process, to the highest bidder.
If you’re purchasing a property with a home loan, you will be wasting your time and that of the people selling the property, if you are trying to look into buying a property that is out of your price range.
For a relatively stress-free life, it is better to at least roughly find out what the price of the property is going to be before you use your valuable time in the wrong direction.
You can help understand the price per property by seeing which band or section of a price bracket a property is listed in, on online accommodation marketing. Where a property appears without a price alongside it, you can set your online search at $50,000 intervals. When it appears in your search, try lowering the next search down $50,000 and see if the property is still there or if it has disappeared. This will give you a great guide as to the outside parameters that the vendor is using. At least this way you will have a rough guide as to where you are starting and you won’t be wasting the time of your home loans adviser in Baldivis.