Buying information guide for real estate in SA
We understand that buying a home is an exciting time, but it can also be intimidating, especially if you are a first-time buyer. To give you some needed insight, the JKC professionals have compiled a list of helpful hints and facts to assist you and explain the process!
Selling or buying?
If you are selling your home, you should be aware of current market conditions to properly price your home. You don't want to overprice your home and have it sit on the market for too long or worse sell for less than it's worth. Consult with a real estate agent like our team at JKC to help you determine the appropriate asking price.
If you are buying a home, it is important to be familiar with the different types of mortgages that are available so that you can select the one that best suits your needs. You will also need to have a down payment saved up in order to make an offer on a home. Once again, working with a real estate agent will help simplify this process for you.
Organise your finances
This is the first and most important step in buying a home. You need to know how much you can afford and what your budget looks like. Speak with your bank or financial advisor to get an idea of what you are able to borrow. Be sure to factor in all associated costs such as legal fees, inspections, moving expenses and down payments. Be sure to set a realistic budget – it’s easy to get carried away when dreaming of your forever home!
Know what you’re looking for
An important step to buying a house is to know what you're looking for. Jot down what is important to you and your family in a home. This could be things like the number of bedrooms and bathrooms, lot size, neighbourhood or style of the house. Having this list will help narrow down your search and make the process less overwhelming. If you're not sure what you want, that's okay too! Take some time to look at different houses and get a feel for what you like. Maybe you'll find something you never thought you wanted but ends up being the perfect fit.
Negotiating and making an offer
Negotiating is an important part of the purchasing process and you should be prepared to do it! Conduct some research on recent sales in the area of the home you're interested in and determine the average price per square foot. This will give you an idea of what a reasonable offer would be. Remember that the seller may have already factored in negotiating room, so don't underbid your first offer - but don't overpay either!
Your agent will assist you in determining an appropriate offer, but the final decision will be yours. When you make an offer, the seller has three choices: accept, reject, or counter your proposal. Congratulations if they accept - you're on your way to becoming a homeowner! However, don't be discouraged if they reject it outright; this is common in the home buying process. In addition, the seller may make a counteroffer, which you may accept or reject.
Thinking of buying in Adelaide?
JKC Real Estate are the experts in Adelaide real estate and our professionals can assist you in finding the perfect home for your needs. Whether you’re looking for a family home in one of Adelaide’s leafy suburbs or an investment property that will give you good rental returns, we can help.
We have a selection of houses for sale in Adelaide, including family homes, apartments and units, so you're sure to find something that meets your needs. Our knowledgeable staff will walk you through the entire purchasing process, making it as simple and stress-free as possible.