Head vs Heart with Deborah Murphy

February 24, 2019

Head vs Heart with Deborah Murphy

It’s wise NOT to get emotional when buying a house. Whether you are a first home buyer or investor, treat the purchase as a financial transaction with future benefits. 

Buying with your heart may result in:

• Buyer’s remorse: you may regret buying and it can be
too costly to sell

• Going beyond your budget: paying more than you can afford

• Heartache: you may miss potential problems if you rush in

Get information on areas you are interested in:

• Median sale prices and recent sales data

• Median rental prices, yield and capital growth

• The areas’ demographic profile

• Future development and infrastructure planning

When you find a property ask:

• How long it has been on the market?

• Why the vendors are selling?

• When it last changed hands – and for what price?

• Ongoing costs; council/water rates, strata levies etc

• Environmental issues; flood zones, bush fire zones etc

Buying with your head:

• Engage a Mortgage Broker to determine what you can afford,
as this will determine the purchase price

• Know your ‘must haves’ and know your ‘don’t wants’ with your ‘nice to haves’ as a side dish

deb murphy

Deborah Murphy
Aussie Dream Home Loans
Phone: 0439 772 373

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