So you've found the right investment property and you're ready to make an offer. Here are some tips to ensure the transaction goes as smoothly as possible.
• Normally the price of a property has a certain amount of leverage built into it, so it's almost expected that the initial offer will be less than the asking price. If the market is particularly buoyant, you may want to try and quickly secure the deal and offer the seller more.
• You may request items such as carpets, curtains, light fittings or blinds if you outline that your offer is inclusive of them.
• Renovating always costs more than you think! So keep in mind the fact that a property with recently fitted windows, kitchen or bathroom fittings may save you money.
• Make sure it's clear that your verbal offer is subject to finance and conveyancing.
• Sellers don't always take the highest offer. It can help to build a relationship as some sellers want to be reassured their home is going to someone they like. If possible, discuss your offer directly with the seller.
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
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