‘How much can I borrow?’ and ‘How much can I afford?’ are both related and necessary considerations before you begin to look at properties. There is nothing more frustrating and stressful than finding the perfect property, making an offer that is accepted by the vendor and then finding that you just cannot get the necessary finance. And if your lender is slow and the cooling off period has expired, you could in fact be risking thousands of dollars by not having a formal pre-approval.
Knowing in advance how much you can borrow not only greatly reduces this stress but also increases your negotiation power. There is no more powerful statement than being able to genuinely say ‘love the house but I can only afford….’
Thursday, June 21, 2007
Tuesday, June 12, 2007
WOW....just finished a post and I had an amazing email come.
One of the best marketing/wealth creation gurus is Jay Abraham....and a friend just sent me a link for a free seminar and some amazing materials from jay...check out what the sent and the link.
Hope you like it.
I just thought you may want to know aboutthis cool tool I found.
I like it and I thought of you when I got it.http://www.jayabrahamsecrets.com.au/?thankyou-page=430
It is cool and I knew you would want to see it too.
One of the best marketing/wealth creation gurus is Jay Abraham....and a friend just sent me a link for a free seminar and some amazing materials from jay...check out what the sent and the link.
Hope you like it.
I just thought you may want to know aboutthis cool tool I found.
I like it and I thought of you when I got it.http://www.jayabrahamsecrets.com.au/?thankyou-page=430
It is cool and I knew you would want to see it too.
Hi
I was recently asked about having real estate to build wealth.....In Australia real estate investment is one strategy that is often used to create wealth. Mum's and dad's and even young people tend to like real estate because it is something that they are comfortable and familiar with.
Having gone through the process once or twice they feel comfortable with going again.
As with any investment there are risks and there are also serious potential gains. Over the next few weeks I will look at some of the issues that can help avoid some of the common traps in investing in real estate.
But should it be the only thing in my portfolio? Not really, would be the general concensus. Obviously everyone's circumstances are different so it is impossible to "GIVE ADVICE" in this forum but it is possible to talk in a general way and raise things that should be considered and that is what I will try to do.
I would also welcome your input and general questions.
One more thing for this post. Building wealth really requires a lot of serious thinking, planning and a number of strategies......this is where financial planners come in and although I am not one I do know some good ones or you can check them out through google searches and financial planning associations.
I was recently asked about having real estate to build wealth.....In Australia real estate investment is one strategy that is often used to create wealth. Mum's and dad's and even young people tend to like real estate because it is something that they are comfortable and familiar with.
Having gone through the process once or twice they feel comfortable with going again.
As with any investment there are risks and there are also serious potential gains. Over the next few weeks I will look at some of the issues that can help avoid some of the common traps in investing in real estate.
But should it be the only thing in my portfolio? Not really, would be the general concensus. Obviously everyone's circumstances are different so it is impossible to "GIVE ADVICE" in this forum but it is possible to talk in a general way and raise things that should be considered and that is what I will try to do.
I would also welcome your input and general questions.
One more thing for this post. Building wealth really requires a lot of serious thinking, planning and a number of strategies......this is where financial planners come in and although I am not one I do know some good ones or you can check them out through google searches and financial planning associations.
Friday, June 8, 2007
Great ezine link
Hi I was just tooling around checking out possible ezines to link with when I came across this great site from Mitre 10 at http://www.mitre10.com.au/DIY-Central/DOit-eZine/ Fantastic ideas for gardening and building projects around the home. They also have great tips for decorating and renovating along with easy to follow instructions and plans. A 5 star site. well worth checking out!
Sunday, June 3, 2007
What propertys can you show me?
I hope that you are finding my blog useful.....as promised in my first post I will now look at one of the most common questions that people ask and show you how to avoid, arguments, frustration and find your dream home.
‘What properties can you show me?’ should really be ‘What do I/we really want in our new home?’ Firstly make a list of what you are looking for in your home.
Do you want a unit, town house, villa, free standing home, vacant land, rural residential? Where do you want to live and where do you NOT want to live? How many bedrooms and bathrooms, single or double garage, extra access for a boat, family room for the kids, space for a pet, pool or no pool, distances to schools, shops and public transport, style of home and building materials used, etc. List everything that is important to you and your family.
Next consider what are the essential or must have items and what are the, would be nice but not essential items.
Working out your list in advance will save you heaps of time and greatly reduce the stress and frustration of looking at properties that you like and your family or partner don’t like and/or are just not quite right. Conversely, armed with your list, you will know almost instantly, when you spot that perfect property!
You will be amazed at the number of arguments that will be avoided and how much anxiety can be reduced by this simple preparation. Also, when comparing properties it will always be against your list and this simple action will also help you to identify both over priced properties and bargain buys, potentially saving you thousands!
‘What properties can you show me?’ should really be ‘What do I/we really want in our new home?’ Firstly make a list of what you are looking for in your home.
Do you want a unit, town house, villa, free standing home, vacant land, rural residential? Where do you want to live and where do you NOT want to live? How many bedrooms and bathrooms, single or double garage, extra access for a boat, family room for the kids, space for a pet, pool or no pool, distances to schools, shops and public transport, style of home and building materials used, etc. List everything that is important to you and your family.
Next consider what are the essential or must have items and what are the, would be nice but not essential items.
Working out your list in advance will save you heaps of time and greatly reduce the stress and frustration of looking at properties that you like and your family or partner don’t like and/or are just not quite right. Conversely, armed with your list, you will know almost instantly, when you spot that perfect property!
You will be amazed at the number of arguments that will be avoided and how much anxiety can be reduced by this simple preparation. Also, when comparing properties it will always be against your list and this simple action will also help you to identify both over priced properties and bargain buys, potentially saving you thousands!
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