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What To Consider When Purchasing a Residential Property

What to consider when purchasing a residential property

Buying a property is a big decision. It is probably one of the biggest purchases in your life, and it is one of the most complex too. You should never rush or be pressured into making a decision. Don’t let your heart rule your head when it comes to a nice property you like. Do you know what to consider when purchasing a residential property? The biggest mistake for property purchase is not doing your homework; with that in mind, here are several things you need to consider before committing to the right property.

Make sure your finance is in place

First of all, you should make sure your finance is in place. Carefully assess your financial situation, make a budget and determine how much you can really afford and repay by using the borrowing capacity calculator and repayment calculator or talk to a mortgage broker first to save the hassle in the later stage.

Don’t forget, there are a few hidden costs apart from what you are paying for the property price, you should prepare funds to cover the extra costs, such as conveyancing and legal fees, building and pest inspection, mortgage registration fee.

Know what you want exactly

Secondly, you should know what you want exactly. Consider where you really want to live, what is your preferred areas and suburbs. Think about the essential features you would like to have, whether the property is close to important facilities, for example, close to shops and parks, public transportation available, and accessible. Furthermore, does the home have the right number of rooms or bathrooms to suit your needs?

Consider your eligibility for any concessions

There are some concessions available for the first home buyer, you should consider if you are eligible to apply, such as the first homeowner grant, which is a one-off payment to qualified first homeowners buying or building a new home. Stamp duty concession is also worth checking with experienced professionals before making any decision.

Get a building report, strata report and pest inspection

You may wonder why you need to spend extra money on those reports. Property reports can help to reassure and identify potential problems that may arise in the future, facilitating you to make a more informed decision regarding a purchase.

The reason for a strata report is that many things are not apparent from a visible inspection of the building. A strata report can highlight any ongoing issues with maintenance or problems.

Building and pest inspections can safeguard property buyers from those fault-ridden properties by revealing the hidden or latent defects in the property. Even if no major issues are identified, you can further negotiate regarding the purchasing price with some minor problems identified.

It’s important to know what to consider when purchasing a residential property. Don’t be afraid to turn down the deal if it does not seem 100% right to you. There will always be other properties available in the market. You must tick all the boxes before buying a house, and remember great things do take time.

Disclaimer:

The information presented by staff or employees of Credit Hub and its associated companies is provided for general informational purposes only. We do not guarantee the accuracy, completeness, or timeliness of the data or views presented. Audience members should conduct their own research and verify any information before relying on it. Credit Hub and its associated companies are not liable for any errors or omissions, or for any actions taken based on the information presented.

Mortgage Broker in Point Cook

Credit Hub Australia
About the role

Join our dynamic team at Credit Hub Australia as a Finance/Mortgage Broker in our conveniently located Point Cook office, close to the freeway and train station, with free parking available.

In this role, you will be responsible for providing personalised mortgage solutions to our valued clients and also managing your colleagues by co-ordinating the allocation of files and general day to day running of the broker team. With a focus on delivering exceptional customer service, you will guide clients through the entire mortgage process, from initial application to final approval.

“Position is for Mortgage broker on commission/contract basis.”

What you'll be doing
  • You will develop and expand network with our help.
  • Sales, cold calling, and networking come naturally to you. You thrive on engaging with prospective clients to understand their unique financial needs and goals.

  • You will act on leads and existing database as provided and generate sales and ongoing relations.

  • Actively participate in team meetings and contribute to the overall success of the business

What we're looking for
  • You are an existing broker with proven experience in Mortgage Broking or lending abilities, or in a similar financial services role looking to take your career further with a successful Mortgage house.

  • In-depth knowledge of the Australian mortgage market, including products, policies, and regulatory requirements.

  • Excellent communication and interpersonal skills, with the ability to build lasting relationships and earn client trust.

  • A strong commitment to delivering outstanding customer service and consistently exceeding client expectations.

  • Self-motivated and capable of working independently, while also thriving in a collaborative team environment.

  • Relevant industry qualifications, such as a Certificate IV in Finance and Mortgage Broking.

  • Ability to manage multiple tasks, stay organized, and work reliably without supervision.

  • A results-driven mindset with a strong sales focus, coupled with exceptional work ethic, time management, and multitasking abilities.

What we offer

At Credit Hub Australia, we are committed to providing our team with a supportive and rewarding work environment. Some of the key benefits of joining our team include:

  • Competitive remuneration and performance-based bonuses
  • Ongoing training and professional development opportunities
  • Flexible work arrangements and a positive work-life balance
About us

Credit Hub Australia is a leading provider of mortgage and finance solutions, with a strong presence in the Point Cook in the Western Suburb of Melbourne and surrounding areas. Our mission is to empower our clients to achieve their financial goals by delivering personalised, expert advice and exceptional customer service. We are a dynamic and growing team, driven by a passion for helping our clients and making a positive impact on our local community. We are with Finsure as an agrregator Group. 

If you’re ready to take the next step in your career as a Mortgage Broker, apply now to join our team at Credit Hub Australia.

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