A Guide To Entering The Gawler Market

If the thought of getting into the market feels overwhelming, take a breath. I know the feeling. Borrowing money. The fear of rejection. Paying too much. Major life event. Yet the best step for your future. Buying a house is wealth. No rent. Get a dog. It is yours.

Gawler is the perfect place to start. The reason?. Prices are reachable. We have homes affordable options. Look for that in the city. You can't. But in Gawler, you can get a house on land for an entry level price. We have units. The options are here.

But you need a guide. The process is tricky. Banks, brokers, agents. It is a maze. As a real estate agent gawler, I love first home buyers. I have patience. I don't mind the questions. I want to see you win. Let's walk through how to do it without the stress.

The Anxiety Of The Deposit Hurdle

The deposit is the hardest part. Saving $40,000 or $50,000 while paying rent is hard. You must start. Maybe not. Government help. Government deposits. Just a small amount. Ask the bank. You might be ready now.

Family guarantor. Parental help allow you to buy with no deposit if they have equity. Serious commitment. It is common. You avoid Lenders Mortgage Insurance (LMI). Lots of money. Ask about it.

If you must save, be disciplined. Sacrifice. The reward is huge. The day you get the keys you will forget the sacrifice. Stay focused. The house is there.

Getting Pre-Approved For Finance

Stop searching without finance. Go to a mortgage broker. Brokers have options. They shop around. Lowest rate for you. Get an AIP. This is a letter you can spend a specific limit.

Why do you need this? Power. When you walk into an open, you are serious. Putting in a bid, You are a contender. If you say "I haven't been to the bank," I can't accept. A pre-approved buyer beats the others.

It costs nothing. They get commission. Use them. It tells you your budget. Stop dreaming outside your range. It is sad. Be realistic.

Stamp Duty And Legal Fees

The sticker price is not the only cost. Extras. Stamp duty. South Australia, it costs a lot. Calculate it. Good news, for newbies, there is relief if you build (verify this). On established homes, it applies. Don't forget it.

Conveyancer fees. Pest check. Application fees. Moving costs. Internet setup. It costs thousands. Have spare cash. Don't spend every cent on the house. Money is needed to move.

Ask me. I can estimate the total. I know cheap conveyancers. Don't get caught out. Knowing helps.

Avoiding Rookie Mistakes

When you inspect, don't just look at the paint. Styling goes. Check the structure. Is it moving? Check gutters. Are the windows rotten?. Smell the air. Listen to the road.

Keep emotions check with the decor. Look for the land. Fix the bathroom. You are stuck with the street. The entry point, value. The ugly house might be the best buy. You can add value. The perfect house costs top dollar. Be smart.

Get a building inspection. Do not skip this. It costs $500. It saves you $50,000. If the house has termites, you need to know before you buy. If the report is bad, you can walk away (during cooling off). Be safe.

Securing Your Dream Home

Bidding is intense. The number? Don't insult. They ignore you. Don't overpay. Ask the agent. "What will buy it?." I might not tell you the exact number, but I will guide you. "Look around $420k." Take the advice.

Sign a contract. Just saying a price mean nothing. A signed contract money talks. You are a buyer. They hold it. It helps to accept. Commit.

If it sells to another, don't give up. There will be another. Use the lesson. Were you too slow? Fix it next time. Experience helps. Persist. Success will come. Call Brad Smith. Welcome you home. My favourite moment. Let's make it happen.