{"id":21397,"date":"2021-09-10T18:40:54","date_gmt":"2021-09-10T08:40:54","guid":{"rendered":"https:\/\/www.purefinance.com.au\/?p=21397"},"modified":"2022-08-15T17:45:20","modified_gmt":"2022-08-15T07:45:20","slug":"tips-for-the-spring-property-buying-season","status":"publish","type":"post","link":"https:\/\/www.purefinance.com.au\/tips-for-the-spring-property-buying-season\/","title":{"rendered":"Tips for the spring property buying season"},"content":{"rendered":"\n

It\u2019s officially springtime! And you know what that means\u2026both the flowers and<\/em> the property market are in full bloom.<\/p>\n\n\n\n

Historically, spring buying season (September - November) is the time of year when a whole host of new properties come onto the market and when buyers are on the lookout for a new home to ring in the New Year. More supply means more choice for buyers, but also, it means more competition.\u00a0<\/p>\n\n\n\n

So, we\u2019re bringing some of our best tips, insights and experience together in one place to help any potential homebuyers in our community set themselves up for purchasing success during the busy season ahead.<\/p>\n\n\n\n

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Understand the property buying process <\/h2>\n\n\n\n

There\u2019s no doubt that purchasing a property is a huge milestone, and for many of us, features high on our list of financial goals. However, with Australian house prices seemingly forever on the increase, particularly in our capital cities, the steps between wanting a property of your own and actually getting one can often feel disconnected and overwhelming.<\/p>\n\n\n\n

So, let\u2019s break the whole process down step by step, in language we can all understand, to help you feel more \u2018at home\u2019 with the process of buying one.<\/p>\n\n\n\n

READ: How to buy a property in 7 easy steps<\/a> \u2197\ufe0e<\/p>\n\n\n\n

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Get real on timelines<\/h2>\n\n\n\n

If you\u2019ve got \u2018purchase a property before Christmas\u2019 on this year's bingo card, chances are you\u2019ll be looking to make some moves in the next few months. So, now that the spring buying season has well and truly sprung, let\u2019s have a chat about purchasing time frames and what you need to keep in mind if you want to be in your new place before the year is out.<\/p>\n\n\n\n

Our breakdown of the spring buying timeline here<\/a> \u2197\ufe0e<\/p>\n\n\n\n

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Get your finance pre-approval<\/h2>\n\n\n\n

Anyone in the process of purchasing a home will tell you: it\u2019s a jungle out there. In springtime especially, competition is fierce and it\u2019s important to take advantage of all the tools available to help ensure you\u2019re the winning party come auction day (or private sale). And one of the very first places to start is getting a loan pre-approval. This means you\u2019ll know exactly how much you can afford, and that you are actually able to borrow the amount you need from the bank. <\/p>\n\n\n\n

READ: Pre-approval and why you should get it<\/a> \u2197\ufe0e<\/p>\n\n\n\n

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When it comes to property, we all have different needs and different priorities. Getting clear on your goals for the purchase and what you\u2019re hoping to achieve - whether it\u2019s owning your first home, or buying an investment property to flip in years to come - will help determine what the next few months look like for you.  <\/p>\n\n\n\n

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If this is your first home...<\/h2>\n\n\n\n

While buying your first home is a major milestone and goal for many of us, how the process *actually* works often feels like a bit of a mystery.<\/p>\n\n\n\n

One of the biggest hurdles first home buyers have to overcome is saving for a deposit<\/strong>. This initial down payment can be enough to keep us trapped in the mindset that property won\u2019t be possible for us. But we\u2019re here to tell you this: you can get your foot in the door with a much lower deposit than you\u2019ve been told, in some cases even with no deposit at all - and this can be music to the ears of many a first home buyer who is feeling priced out of this sizzling market.<\/p>\n\n\n\n

Almost half of our community is made up of First Home Buyers, so we have plenty of resources and extra tips to help you understand your loan options <\/strong>and <\/strong>navigate the market as a first timer. <\/p>\n\n\n\n

READ: Tips every first home buyer needs to know<\/a> \u2197\ufe0e<\/p>\n\n\n\n

READ: First home buyer schemes available in every state<\/a> \u2197\ufe0e<\/p>\n\n\n\n

READ: Buying your first home in a pandemic<\/a> \u2197\ufe0e<\/p>\n\n\n\n

READ: All about guarantor loans<\/a> \u2197\ufe0e<\/p>\n\n\n\n

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If this is your 'next' home...<\/h2>\n\n\n\n

Whether you\u2019re craving more space, looking to downsize, or making a long-awaited sea (or city!) change, the decision to purchase when you\u2019ve already been in the market for a while can be a little different to doing things the first time around. If you\u2019re looking to buy your next home this spring, you need to account for both your current lifestyle and financial circumstances as well as your ideal future lifestyle and finances. Things to consider include:<\/p>\n\n\n\n