BUYING property for the first time can be a scary prospect!
Craig Keegan
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It should not be if you follow these simple tips.
With more properties being offered for sale through auction campaigns now, it stands to reason that many first home buyers will be have to raise their hands if they want to get into the market.
Auctioneer and Gavl spokesman Justin Nickerson said surprisingly 60 per cent of first home buyers didn’t have an auction strategy.
He said first home buyers bidding at auction should do extensive market research before entering the buying phase.
“Go to as many open homes and auctions as you can,’’ he said.
“Even watch them online.’’
Mr Nickerson said auctions could be good for first home buyers.
“The benefits of auctions for buyers are transparency, it shows that the seller is committed to selling, the buyer can clearly see the competition for the property at that single auction event, and the purchase can be done on the spot without drawn-out negotiations,’’ he said.
“Do extensive research and learn as much as you can about the buying process, it is not such a scary situation.’’
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