Buying
So, you have found your dream home and your offer has been accepted. What’s the next step? You are about to make one of the largest financial commitments of your life and borrow money that might take 25 years or more to pay back. It’s certainly worth doing some “due diligence”.
Great news, you have found your perfect home and you’re ready to put in an offer. Do you make a “lowball” first offer and see how it goes, or do you pay the asking price to get it all wrapped up? Maybe you want the property so badly that you should offer above asking price, just to be sure?
Deciding to buy a new home is one of most significant financial commitments most of us will make in our lifetime. There is a lot to think about for sure, but with a good understanding of the process, a little time spent researching the market and the appointment of good advisors, you should be in great shape.
Property investors are typically looking to achieve both a capital gain and an income flow (sometimes measured and referred to as “yields”). That sounds complicated – right? People say, “I don’t have a degree in finance – I can’t understand that stuff”. Well its actually pretty straightforward as we explain below.
Leasehold property has been in the spotlight over recent years, culminating with the recent release of the Government’s review into unfair practices. However, notwithstanding the negative press, leasehold property remains popular for both home owners and investors alike.
