Step-By-Step Process of Finding a Home in Geelong
Considering a new house to settle in permanently after living for years in a rented apartment takes a lot of courage. However, as a first-time home buyer, you lack the experience of understanding the real estate market, neighbourhoods, and right home-buying questions.
With a limited budget and family-friendly homes available in Geelong, seeking expert advice can be a solution. And to begin with, taking recommendations from a real estate agency in Geelong will make your investment worth the money and time.
In this blog, let us guide you through the step-by-step process of understanding the housing market, finding the listings, and finalising your home.
Understand the Real Estate Market:
To start your search for properties on sale in Geelong, knowing the right time for investment is essential. This will give you the time to analyse if the type of property and the price range you are looking for is available in the market. A real estate agency has good knowledge and experience navigating Geelong’s market, so they can help you choose the right time that favours buyers.
The Real estate market for buyers is less competitive as properties are easily available, but there are fewer buyers. To remain on the safer side, it is best to buy a property when a listing has been available for many years and the prices are stable. Having said that, buying a property that fits your family needs and location always comes first.
Make a List of Features You Need in Your Property:
After understanding the right time of investment, putting your vision on paper is a must. As a first-time home buyer, it can be challenging to view all the property listings. Some of them may match your expectations, but others can exceed or be subpar. Here are a few things to keep in mind before exploring the property listings:
● Decide whether you want to live in the hustle and bustle of the city or prefer the local community life in remote locations.
● Are you looking for a house, apartment, or townhouse?
● How many bedrooms and bathrooms do you need? Are you looking for a more open space that includes garages and backyards?
● Do you like a sustainable design that comes with more cost, or can only afford a good solar system?
Last but not the least, future needs and accessibility to close infrastructures are other factors to consider. Narrowing down your property choice will also allow you to filter out the properties that do not match your expectations.
Consider the Budget:
A clear and smart budget plan is all you need to choose the right property. And fortunately, a real estate agency in Geelong has market insights, works with a good network of financial professionals, understands hidden costs, and negotiates prices. They will not only help with budgeting but give a clear direction to plan your finances.
As far as finding the property in your preferred location is a concern, the agent will provide the estimates as per your affordability while suggesting the suburbs where property values are more likely to increase in future. In addition, they will compare the past sales of similar properties to see if the property price is fair for the investment.
Also, agents guide you through stamp duty, legal fees, building inspection, and moving costs to take your budget into full consideration.
Begin Your Property Search:
With your wishlist and budget in hand, take the next step and start finding the right real estate agency in Geelong. With many agents available in Geelong, choosing the right one can be challenging.
That is why knowing the right questions can come in handy. Explore different websites and ask questions about their experience and local knowledge, testimonials, personalised approach to buying homes, and market trend resources.
A reliable, professional, and honest real estate agent is hard to find. Make sure that you compare different professionals to find the right listing for your budget.
Arrange Building Inspections:
This step comes right after finding a property that you are seriously interested in. Building and pest inspections allow you to look into the property conditions, restrictions, and security.
Ask a qualified property inspector to review the property and see if it has a good foundation, structure, and roofing. He should also consider the leakage, pest, drainage, or other damage that can affect your living.
Many outdoor locations of a house are open for access to neighbours as well. So, considering each of these aspects can prevent you from later confusion.
Make an Offer and Move In:
If all the inspections sound satisfactory, make the final offer. A real estate agent will submit your offer and then the buyer will either reject or accept the offer. If the buyer refuses, a real estate agent can make the negotiations. And if you get the deal, the agent will prepare the contract sale, allow you to review the contract, and make the final commitment.
Final Words
We hope you liked reading this blog. Coming to an end, exploring various property listings in Geelong for a first-time home buyer can be hassle-free with expert assistance.A real estate agency in Geelong is always looking for prospective buyers who need personalised experience that matches their personal needs and suits their budget. With the existence of reputable real estate agencies like Pavilion property Group in Geelong, Victoria, you are always in the right hands.
