What to Do Before Buying Perth Property

It’s well known and expected that buying property is one of, if not the biggest purchase you’ll make in your lifetime. This means it shouldn’t be a decision made on a whim, but a path that’s well researched and prepared for. 

After all, buying property in Perth, Australia and throughout the world can also be a complex process. 

Want to know what you should do before buying your very own Perth property? 

Read more from the Perth real estate agency, Thought Leaders Real Estate, to find out. 

Carefully scrutinise what Perth properties you can really afford 

Mansion on the Swan River, a 5-hectare hideaway retreat in the hills, or a swanky pad in the middle of the CBD – not everybody has the means to afford these properties in Perth. 

And while it’s okay to create a wish list and dream, being realistic in your property budget making will let you achieve far sooner goals. 

Here’s how: 

• Understand how much you can afford. 
• This isn’t only the maximum you can borrow, but rather the maximum you’re willing and able to pay each month. 
• Create a budget that focuses on home loan repayment estimates (there’s great free online calculators to help you do this). 
• Be mindful of other costs that will present themselves in the buying process (lenders mortgage insurance, settlement fees, building and pest inspections etc). 

Once you know fully and clearly what property you can realistically afford to buy, it’s a good idea to apply for pre-approval. This way you can be more prepared attending home opens. 

Research your target markets 

Is location important to you? Close to schools and amenities, easy public transport links and/or a straightforward commute to and from work? 

Chances are, you already have Perth suburbs in mind that appeal to you and that are (hopefully) within your price range. 

Take your time to research your desired suburbs, the median property price in those areas and trends. 

Understand, too, how properties are valued. Talk to a Perth real estate agency for the help you need. 

Use your head, not your heart 

It’s true that some of us get swept up with rose-coloured glasses when viewing a property. 

Yet, don’t be afraid to walk away or get down in the dumps when another offer is presented and accepted. Good things come to those who wait. 

What else should you do? 

There’s a bundle of small, but important and often over-looked steps to do before buying Perth property. The Perth property management specialists here at Thought Leaders Real Estate have compiled a handful more. 

• Negotiate the price if at all possible, 
• Take your time to ask questions and really inspect the property when viewing in-person, 
• Work with a professional Perth real estate agency to source the right property for you. 

Thought Leaders Real Estate can work with you in buying, selling and leasing property in Perth. 

Need a Perth real estate agency to help you in your property searches? Contact Thought Leaders today for expert solutions for buying, selling, leasing and property management in Perth.