buying Archives - realestatesource

What to Expect When Buying a Home

November 25, 2009June 29, 2017 Marc Pallisco buying, contract, finance, inspection, making an offer, Mortgage, property research, settlement

BUYING a property is a complicated process. There’s more to it than scouring websites and newspapers for sale prices, or knowing what your neighbour’s house sold for last week. A large part of it is getting your finances right – and knowing what the legal processes are.

Below are some tips on what to expect when buying:

Articles

Housing Affordability Weakens as Investors Swoop in

October 28, 2007 Marc Pallisco buying, housing affordability interest rates, how do i buy my first property, increasing rent, property values, selling

Housing Affordability Weakens as Investors Swoop in

Prospective home buyers dealt some cruel blows over the last couple of years.

For starters, the Reserve Bank lifted interest rates – three times – seriously affecting the amount first home buyers were able to borrow, and pushing some of them out of the market completely. Most bank interest rates today circle 7 to 8 per cent – an increase of about 1 per cent on last year.