Top 10 Buying Tips

1. Stay a while: Consider renting, not buying, if you plan on moving again from the area soon. Investing in real estate should always be done with a long-term view.

2. Know your borrowing power: Plan on cleaning up your finances and doing an assessment of your financial status. Talk to your mortgage provider now to allow time to clear up any issues prior to going to the market.

3. Take along a camera: Bring a camera with you when you are house hunting. If you don't own a camera, buy disposable ones and label them for each of the homes you visited. After seeing a dozen homes, you may forget which one had the spectacular kitchen.

4. Don't worry about having 10% cash: Do not worry if you can't put down the usual 10% deposit in cash. If you have a good credit history, lenders have options to suit most financial circumstances nowadays.

5. >How are the schools: Buy in a district with good schools. Even if you don't have kids, this will add to the resale value.

6. Do your research: Before bidding, be sure to research the other homes in the area. A good agent can help you with the task.

7. Watch the listing dates: Pay attention to the original listing dates of properties. Sellers who have had their home on the market for a while may be more flexible on the price.

8. Look for low rates: When interest rates are low, consider opting for a fixed mortgage.

9. Engage a building & pest inspector: They can help determine if any major repairs are required in the home you are purchasing.

10. Get professional help: The right solicitor/conveyancer on your side can save you time and money.

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