Step 1: Do Your Research
If you’re looking to buy a property in an area you’re not familiar with, talk to local real estate agents.
Get their opinions on the market movements and property prices. This will help you determine whether the type of property you want is in your price range.
TIPS- Make a list of your absolute ‘must haves’ in a property.
TIPS- Don’t simply buy a property because it looks great.
TIPS- Consider the things you want in a property such as the number of bedrooms, bathrooms, car spots, off the street parking, backyard, proximity to public transport, shops & schools, traffic noise…
TIPS- By knowing exactly what you want you’ll avoid wasting your time by inspecting properties that don’t offer your absolute ‘must haves’...
Spend some time researching the area and neighborhood you wish to live in and consider inspecting properties in different areas to get a feel on different alternatives. Local real estate agents can also give a brief outline on the market movements and prices in the area you’re considering.
Get a feel for prices of different properties by checking out real estate sections of newspapers and property publications.
Make a list of your absolute ‘must haves’ …
… in a property so that you don’t get carried away and buy a property that simply ‘looks great’ but doesn’t offer the essential features you’re looking for a in a home.
 You can also make a wish list of desired non-essentials you’re looking for in a home. This may just come in handy if you shortlist two or three properties and are undecided about which one to make an offer on.
Consider factors like the possibility of traffic noise and pollution caused by a busy road nearby…
Once you’ve done your research and feel confident about your newly acquired knowledge, it’s time for some number crunching …
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