As a first home buyer, you probably have a lot of questions. Who do you turn to for your property questions? Do you need to seek professional guidance? Can your  friends or your family help? Well, I’m excited to say you can now turn to me.

There is no such thing as a silly question when it comes to property, and today I’m answering some great ones I’ve received from listeners this week.

I give my advice to a 22-year-old saving to buy their first home in the near future, who feels overwhelmed and lacking motivation to stick with their goal. I share my thoughts on having really specific goals in place, and breaking down the details to make it easier to stay on track.

There are so many moving parts in the purchase of a property, it’s easy to get confused about who does what. So is it your legal representative’s job to measure the boundaries of your property? I give some clarity on what your legal rep generally will and won’t do, and suggest what can be useful to discuss with them during the process.

The next question I answer is around credit card limits, and how this affects borrowing capacity. I give an overview of the idea of future debt, and how debts and liabilities can reduce your borrowing capacity. I also encourage speaking with your mortgage broker early on in your home buying journey to help you put the best strategy in place.

Are all contracts the same? I discuss the importance of reviewing your contract carefully and being aware of things like special conditions and disclosures on a specific property. I explain your right to request changes or deletions, and encourage you to take steps to understand how any conditions may impact you.

I hope you gain some valuable insights from today’s episode, and begin to feel more prepared as you start the journey of buying your home.

LINKS:

Check out my FREE checklist 100 Things To Look Out For At Property Inspections here

Website:www.thefirsthomeguidebook.com.au

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