When you decide you’re ready to buy a house, there are a few steps you’ll need to take to work out what your purchase parameters are:
- Work out what your living expenses are
- Set a budget
- Find out what your borrowing capacity is
- Figure out how much deposit is required
- Start saving, and/or ask your folks to go guarantor
- Get pre-approved for your loan
- Find a great Conveyancer to check your contracts and assist with the process
- Keep saving – every little bit helps
- Do you research – find out what is in your price range
- Start making offers!