10 Signs You're Ready to Buy Your First Home

It takes a looong time to save up a deposit for your first home. And often, homebuyers wonder when it’s time to go from ‘saving mode’ to ‘searching mode’.  Are my savings enough to cover the deposit? Are my property expectations and expected living conditions in order? Am I comfortable dealing with real estate agents? – these are just some of the questions you, a first home buyer, should be asking yourself!In today’s show, we’re running through 10 things that will help you know when you’re ready to buy your first home!  If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]! We’ll see you on the inside!  Episode Highlights: Knowing how much money is needed for the deposit & purchase costs [04:48] Understanding when it’s a good idea to pay Lenders Mortgage Insurance [06:33] Knowing how low interests affect features [07:47] Being aware that not all properties go up in value [09:40] Looking ahead on your living conditions [11:44] Working out the right price to pay [14:58] Engaging with a lawyer or conveyancer [16:02] Dealing with and trusting sales agents [17:37] Researching your due diligences [19:55] Being confident in negotiating [23:49] Links from the Show: First Home Buyer Readiness Scorecard Episode 67: How to Deal with Real Estate Agents  If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.