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How First Home Buyers Can Find Their Dream Home

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In today’s real estate market it can often be frustrating to be a first-time homebuyers to find their dream home, especially if they are not prepared.

Here we highlight some steps that first-time homebuyers can take to help keep their excitement of buying a home throughout the whole property buying process.

How First Home Buyers Can Find Their Dream Home

  1. Get Pre-Approved Home Loan ASAP

    One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a home loan before starting to view properties. Even if you are in a market that is not as competitive, understanding your property buying budget will give you the confidence of knowing whether or not your dream home is attainable. This will also help you narrow your search criteria based on your actual budget and won’t leave you upset if the property you view, and love, ends up being outside your property budget!


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  2. Know the Difference Between What You Need Vs What you Want

    Do you really need that double sink in the kitchen to be happy with your home decision? Would 2 car parks be a convenience or a necessity? Could the baby room of your dreams be a future renovation project instead of a deal or no deal right now?

    Before you start your viewings, list all the features of a home you would like and then qualify them as ‘needs’ vs ‘wants’. This will help keep you focused on what’s most important to you.


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  3. Research and Choose The Right Neighbourhood You Want Buy In

    Every neighbourhood has its own advantages. Before you commit to a property based solely on the building itself, we suggest driving around the area. Make sure that the area meets your needs for “amenities, commute, school district, etc. and then spend a weekend exploring before you make any decisions.


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  4. Pick a Property Style You Love and Stick to It

    Evaluate your family’s needs and settle on a style of home that would best serve yours and your family’s needs. Just because you’ve narrowed your search to a postcode, doesn’t mean that you need to view every listing in that postcode.


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  5. Document Your Home Viewings

    Once you start to view properties, the features of each individual property will start to mix together. We suggest keeping your phone camera ready to document what you love and don’t like about each property you visit. Making notes on a sheet as you tour the property will also help you remember what the photos mean, or what you were feeling while viewing the home.


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In Summary

In a competitive property-buying environment, any advantage you can give yourself will help you on your path to buying your first dream home.

Stay tuned with the realestatemy.com/blog for more up-to-date tips and guides for real estate marketing professionals.

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