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Get into Property with Friends Through Fractional Investing

How DomaCom and Fractionional Investment works for property investors to buy shares in a property in Newcastle, Central Coast or anywhere - Newcastle Buyers Agent

With tighter prudential lending rules, people wishing to get onto the property ladder may find it harder than it was 12 months ago. (They might also find the high property prices in most Australian states a barrier, too.)

But a number of new fractional investment platforms aim to make it easier for investors to start a property portfolio and these options are available through an Australian company that’s listed on the ASX!

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Purchase Negotiation and Settlement

Once you’ve defined your search criteria and discovered great opportunities and then refined your list the next stage is purchase negotiation. Vendor’s sales agents are often skilled in the art of urgency and compression which means they’re total focus is on highest price and quickest sale, but not always in that order. 

It’s good to have someone who can change the pace and begin negotiations based on your circumstances.

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Property Evaluation fine tunes the property buying funnel

A property sales process tends to move quickly particularly when you are buying from an experienced real estate sales agent. It can also happen if you have all your finances and property checks in order and are able to move quickly yourself to secure a property.

The key consideration at this stage is that you find the best property that suits your needs and budget and that matches your criteria set in your goals!

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Property Inspections, vetted by a buyers agent

The Internet is NOT the Real World, it’s a Sales Agents World

If you’ve ever looked for property on the internet, then you know that very often things are not always what they seem. Bedrooms that appeared light and spacious online often turn out to be dark and cramped; lush gardens overgrown; that short distance to the local shops: a ten minute drive on a street signposted at 100km/hr.

Inspecting a property, especially if you intend to live in it, is an important part of the property buying process. Continue reading “Property Inspections, vetted by a buyers agent”

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First Home Buyers and Family Pledge Applications

The toughest part of getting into the property market for a first home buyer is getting the deposit together. Most lenders require at least 20 percent — though tightened lending practices mean some lenders require more. But there are Government incentives and other ways to get into the property market, particularly in the Newcastle area.

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How To Get Your Lender to Lower Your Interest Rate?

Use a mortgage broker to get new valuations, lower rates and equity release to invest in property again - St George might be a good alternative

The Reserve Bank has kept the official cash rate at a record low of 1.5 percent, and while that doesn’t directly translate to lower interest rates on home loans, it’s still a good enough reason to see if you can get a better deal on your current loan. Here are some ways a mortgage broker can help more than your contact at your bank.

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Home Loan Finance for a Construction Loan is Complex

Many people think that finding the right property at the right price is the most difficult part of the process to property ownership. In fact, it’s securing the finance you need to buy the right property at the right price!

Previously, I wrote about a first home buyer on a single income, who changed mortgage brokers to get a better deal on her home loan [Single Income Family In Need of a First Home Loan?]. In that scenario, the applicant’s lender didn’t change — the broker did.

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How Buying a New Home is Safer & Better for Tax

While an established property in an established suburb is never a bad investment — older suburbs tend to be in higher demand and property values appreciate faster — there are more than a few reasons why the right new home could be a better investment.

Governments often consider Stamp Duty Concessions and Super Contributions to encourage not only First Home Buyers but also the building industry.

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Single Income Family In Need of a First Home Loan?

Separation Agreements Matter

With the volume of property bought and sold in Australia each week, you might assume getting a home loan is a straightforward process. Unfortunately, it’s rather complex. And not every lender approves applicants the same way, leading to some very different lending outcomes.

A mortgage broker understand what each lender is looking for and which one will suit your circumstances.

Continue reading “Single Income Family In Need of a First Home Loan?”