Buyer Resources and FAQs

Home Buyers FAQs

Answering Your Home Buying Questions

Buying a home is both thrilling and a bit unnerving.  Both experienced home buyers and even first-time buyers alike will benefit from the frequently asked questions below.

Before you begin your search it is recommended that you prepare yourself for the journey by educating yourself. This will ensure you are a knowledgeable ‘home buyer prepared’ to make a confident property buying decision.

Q – I’ve never purchased a retirement home before. Where should I begin?

A – Actually, you’ve already started the process. Fact-finding and reading articles is a great way to become a smart consumer. The highest priorities to focus on before you begin searching for specific areas, neighborhoods or retirement homes would be to:

• Accurately familiarize yourself with your personal finances
• Learn about the local real estate market in relation to the available retirement villages in your desired area
• Carefully review your budget and begin to eliminate as much debt as possible
• Have a down payment and the money ready when the time comes to act and make your offer.

Your next step is to seek out your local Seniors Real Estate Specialist – SRES.

An SRES agent will help protect your interest and manage the details of the real estate transaction to your satisfaction. .

Q – With so many mortgage products available, how do I avoid making a big mistake when deciding which type of loan to select?

A – Once you meet with your SRES agent and review your finances along with your home buying needs, you should select a lending consultant. Your SRES consultant can suggest several trusted lending professionals or you can choose your own.

Having utmost confidence in your lender is important. Be sure you feel completely at ease with them. They should speak to you in easy to understand terms. Ask lots of questions and never sign any document until you know what you are signing and feel completely at ease when signing it. You may need to consult a solicitor for this and we can recommend one for you. Of course the type of loan that is best for you depends on several factors; here are just a few:

• How much money do I have or need for a down payment?
• How long do I plan to live in the home?
• Do I qualify for a Government assisted loan?
• Will I have the sufficient ‘loan to equity ratio’ in reserve that many Retirement Living organizations require?

Let’s Get Started!

Are you ready to schedule your next home buying consultation?

If so, contact us today and we will put you in contact with your closest SRES consultant who will review your needs and your budget to help you find the right next home for you!*

*Please note that not all locations are currently covered with an SRES trained agent but we are happy to help you with what ever assistance or advice we are able.

Call 0403 909090 to make contact or via email:  CLICK HERE

When Experience Counts!