Mon 16 Oct 2023

HOW TO BID WITH CONFIDENCE

HOW TO BID WITH CONFIDENCE

Tightened Lending and Stagnant wages do not make house purchasing an affordable choice. However, as per the core logic data, Melbourne Housing market update for July 2018 “Buyers have more choice with the ability to negotiate with the vendors and less urgency in their decision making which alleviates any upward pressure on pricing.”
But there are a few things that are needed to done before you bid in an auction to boost up your confidence.

TICK ALL THE BOXES
Whether it is the specific no. of bedrooms, Natural Light, Easy to maintain or proximity to the public transport, whatever forms a choice of your prerequisite list, make sure you judge the suitability of your house to your requirements.

KNOWLEDGE IS THE KEY
Knowing the market and property worth helps to avoid the emotional and rational decision and you are most likely to pay the right price. Therefore, it is important to have spent the time to do your research or you can also hire an independent valuer to do this for you.

CAN YOU AFFORD IT?
It is extremely important to have an understanding of your financial aspects and your borrowing. Doing the process right will save you not only time and effort but also money. Having a thorough financial health check prepares you well to bid for your desired property with security and peace of mind.

If you are an active buyer looking to bid, please contact me for a friendly and obligation free chat.

Isht Kumar
0430340443
isht@reflectionfinance.com.au