Buying in a millennial market

Millennial-Home-Buyers

As the millennial generation step on to the property ladder, we see different trends emerging and more caution being taken when buying first homes. Deemed by some as the ‘pickiest home buyers’, Generation Y are turning the tides of real estate.

Where generations before had limited resources when buying property and considered their first purchase a lifelong family home, millennial’s have an overwhelming amount of information at their fingertips and consider their first home a stepping stone or starter property on the way to their big picture goal.

One thing that remains the same, buying a house is the biggest financial decision you will probably make. Ever. Can we help you? Absolutely, keep reading for our top tips for millennial buyers.

 

Define your goals

Figure out what it is you’re looking for and if you’re going it alone or with a partner/friend. Ryan Hardy, luxury real estate agent says, “Given that buying a home is such a big step, it’s important for you to educate and prepare yourself as much as possible in advance. This means clearly determining why you’re buying and what kind of home you’re looking for”. Define your house goals, whether it’s an investment property or your new family home. Facing the property market with a clear idea of what you want will make the process easier and much less daunting.

 

Examine your finances

Look at what you can afford and keep in mind that you may need to spend money on the property to personalise it further down the line. Speak to your bank and discuss the best plan of action and what your budget will stretch to. Remember, interest rates can change as economic conditions fluctuate, will you be able to afford your mortgage payments if they increase? Perhaps buy a property slightly under your budget so you have a safety net.

 

Talk to the professionals

Determining your budget or knowing a properties worth isn’t easy. Talk to the professionals and work together to find your dream home within your budget. There are many mortgage and payment options, a specialist can help you choose the right one for you. A real estate agent can review your property checklist and provide an option you may have overlooked.

 

Look beyond the great views

Know the property inside and out before buying, not preparing for necessary renovations or essential work takes its toll on the budget and you. Find an agent who provides you with detailed inspections and keeps you updated regularly.

 

Talk to one of our agents for more information.

Client login makes selling easier

Harcourts-Client-Login

Paving the way, Harcourts use of technology allows for an easier and more informative selling experience for clients. One of our many technological improvements, client login, is a portal which gives clients 24 hour access to everything they need to know about what is happening with the sale of their property. This tool allows exclusive clients to remain up-to-date with the latest information on their listing.

“We appreciated that our clients wanted to hear about their property’s progress on the go and that it’s not always convenient for clients to meet face-to-face, and that’s what this portal is able to provide”, says Jason Wills, Harcourts Chief Information Officer.

Once registered, the agent then enables access to areas of the portal that will interest the client; allowing access to a range of data, documents and statistics on their listed properties.
The tool houses the marketing plan and calendar, marketing reports and feedback about a property. In addition to this, all of the documents relating to the property are held here, and the client can see how their property is performing on the various real estate portals where their property is marketed. They can receive reminders and alerts for events such as auctions or meetings and when a new document has been uploaded.

Selling property has never been easier, Harcourts tools allow for a stress-free approach to real estate. Thinking of selling? Contact us here for a complimentary market appraisal of your property.

KiwiSaver: How it works and why it’s great for first home buyers

kiwisaver

Home values have sky-rocketed over the past few years and it’s harder than ever for first home buyers to get a foot in the market. Government schemes such as KiwiSaver offer financial assistance but many people aren’t sure if they qualify and how much help they can get. Continue reading “KiwiSaver: How it works and why it’s great for first home buyers”

The buyer’s guide to real estate agents: do you really need one?

dunedin-property-buyers

By Richard Stringer, Manager, Harcourts Dunedin.

Buyers often want to go with a DIY-approach to purchasing property. After all, real estate consultants work for the seller, don’t they? And they’re not there to help anyone buy property?

This is a common misconception and, in actual fact, most consultants are just as prepared and eager to get results for a buyer as they are a seller. Continue reading “The buyer’s guide to real estate agents: do you really need one?”

Your complete guide to buying a home

property-buying-guide-first-home-buyers

Buying a home is a big step and it can be daunting. There’s a lot to think about:

  • What are the merits over renting?
  • Have you saved enough?
  • What else do you need to do to get your finances in order?
  • Have you done enough research?
  • How do you make an offer?
  • What are the extra costs?

Continue reading “Your complete guide to buying a home”

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