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Tips for Purchasing Your Next Property

  • 60%

    Market average loan approval rate

    Approximately 40% of home loan applications were rejected in December 2018 based on a survey of 52,000 households completed by 'DigitalFinance Analytics DFA'. In 2017 to 2018 Hunter Galloway submitted 342 home loan applications and had 8 applications rejected, giving a 2.33% rejection rate.
  • 97%
    our loan Approval rate
  • 407+
    5 star Reviews on google

Purchasing a property can be a challenge for many, with 1,001 different things to consider. Simplicity sometimes goes unrecognised. Here are a few tips to assist when purchasing your next property:

  1. Budget – Work out your budget, how much you are prepared to purchase for and stick to it. It’s also helpful to calculate the weekly repayments based on what you are willing to spend – you might find the mortgage repayments are lower than weekly outgoing rent!
  2. Strategy – Profile the exact property that you’re after and go for it! Is it the worst house in the best street? A small unit in the city? Or a town house with a courtyard?
  3. Discipline – Ensure you only go and look at properties within your criteria – price range, number of bedrooms, location, etc.
  4. Location – Keep your property search limited to 2 or 3 suburbs.
  5. Research – Utilise online services such as RP Data or On The House to see if the property you’re interested in is worth as much as the asking price.
  6. Preparation – Once you’ve found a property that ticks all the boxes it’s time to put an offer on. Prior to making an offer decide how much you’d like to purchase the property for, be sure to stick the this number.
  7. Negotiation – Making offers that are jagged such as $652,300 gives the impress that the offer has been toughly considered and you’re less likely to have room for movement. Reducing building/pest, finance and settlement deadlines can also be appealing. Always be prepared to walk away from the table, knowing that there are plenty of other properties out that that will suit you.

If you’d like a property report at no cost (RP Data property reports are usually valued at $89.95) please sms the property address.

Contact us today – Nathan Vecchio – 0410 000 689

 

Why Choose Hunter Galloway As Your Mortgage Broker?
Mortgage Broker of the Year
in 2017, 2018 and 2019
The highest rated and most reviewed
Mortgage Broker in Brisbane on Google
One of the lowest rejection rates

across Mortgage Brokers in Australia

Approximately 40% of home loan applications were rejected in December 2018 based on a survey of 52,000 households completed by 'DigitalFinance Analytics DFA'. In 2017 to 2018 Hunter Galloway submitted 342 home loan applications and had 8 applications rejected, giving a 2.33% rejection rate.
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and lenders across Australia