How much deposit do you need to buy a home? Most lenders typically require a 20 percent deposit to secure a home loan. For example, to buy a $500,000 home, you would need a $100,000 deposit. However, some lenders may let you borrow up to 90 percent of the property’s value. If your deposit is
Category: Buying
As we move into 2025, we are hopeful for interest rate cuts, but there may still be some uncertainty. Regardless of whether interest rates go up or down, it’s essential for homeowners and buyers to get ahead of the curve. As a real estate agent, it’s important to advise clients on how to prepare for
In the past, attending an auction meant showing up in person, but with technology, online and phone bidding have become more common. While it may seem like you can simply log on and start bidding, it’s important to take a few steps beforehand to ensure you’re fully prepared. Check Out the Property in Advance Before
Townhouses are still increasingly popular for buyers who want a home with many of the features of a traditional house but with the added perks of a low maintenance lifestyle. In recent years, demand for townhouses has grown significantly, especially as more people live in one or two person households. This trend reflects lifestyle changes,
With the housing market hotter than ever, property inspections have become increasingly popular, drawing large numbers of interested buyers and renters. In high-demand areas, open homes can be especially competitive, with many potential buyers looking to secure a property. Here’s how today’s inspection process is evolving and what to expect when planning your visit. Added
A display home is a showcase property built by developers to exhibit the design, features, and craftsmanship of their new housing developments. These homes are furnished and decorated to provide potential buyers with a tangible sense of what their future home could look like. By walking through a display home, buyers can experience the layout,
Deciding whether to buy or build your home is one of the more significant choices you will make, and it involves a careful evaluation of various factors to determine what best suits your needs, budget, and lifestyle. Both buying and building come with their unique advantages and challenges. Buying an existing home is often quicker
Building a home from the ground up is a dream for many Australians. It offers the unique opportunity to create a space tailored to your needs, tastes, and lifestyle. However, the process can seem daunting, particularly if you’re new to it. Understanding the steps involved can make the journey smoother and help you make informed
Buying a home, and especially your first home, is an exciting milestone, but it can also be a complex and potentially risky process. Scammers are always looking for ways to exploit property buyers who may not be familiar or up to date with the latest processes of real estate transactions. To help you navigate this
Buying a property is one of the most significant financial decisions you will ever make, and it is a journey filled with excitement, anticipation, and a fair bit of stress. However, amidst the joy of securing a new home, there can also be moments of regret. Here are four of the most common regrets people