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Seeff Sandton's top 10 tips for first time buyers

Category Top Property Tips

Tip 1 - Crunch the numbers. Have a good look at your budget and your disposable income. What could you spend on a property? Remember that it's not just the bond repayment. You'll be paying levies or insurance, rates & taxes and utilities too.

Tip 2 - Get the banks' opinion. A pre-qualification is a really good idea. The banks may have a more conservative estimate of your affordability. If you need a bond then you need to find out what you qualify for.

Tip 3 - Make financial adjustments. Be cut-throat with those accounts and expenses. Consolidate debt, close unnecessary accounts and pay off outstanding bills. A healthy payment profile will stand you in good stead with the banks if you're applying for a mortgage bond.

Tip 4 - Use Google Maps! Once you've identified your favourite locations, use Google Maps to scout the immediate surrounds. Often, there are lesser-known suburbs not popularly known but just as good.

Tip 5 - Visit your location at different times of the day and of the week, so that you can understand traffic patterns and other fun goings-on. Maybe there's a Parkrun in the area you didn't know about? Maybe there's a community market?

Tip 6 - Go to hot spots in the area. Visit local cafes, restaurants and shopping centres to get a feel for the neighbourhood.

Tip 7 - Think about what you want and what you need. Be specific with online searches and when talking to agents. Don't view a mid-floor apartment if you have a dog! Know your must-"haves" versus your negotiables.

Tip 8 - Work with well-known agents/agencies. They'll know the area and the properties on the market and be able to give you really good advice.

Tip 9 - Ask for information on the suburb or on the specific estate or complex you're keen on. Good agents have access to a huge amount of information and you can benefit from that.

Tip 10 - Always take a good look. Don't put in an offer without having seen a property, and having seen it in good light! Don't rush and ask as many questions as you'd like to. Go see out-rooms and parking spaces too. A good agent will be happy to take you for a second viewing!

Bonus Tip - Remember an offer is binding. Don't offer what you cannot commit to. There may be financial penalties if you 'back out' unfairly. A good agent can guide you in this regard.

Author: Tanya Van Buuren

Submitted 10 Jul 19 / Views 676

Paulshof, Sandton

Described as the garden village of the north, and lying slightly uphill from Sunninghill, is the suburb of Paulshof. Areas such as Fourways, Sandton, Lonehill and Midrand are in close proximity to Paulshof and the N1 and N3 are easily accessible... More Info