The Spring property market is always incredibly busy, with more buyers looking for homes than at any other time of year. If you’re planning to buy a house in the near future, it’s important to be prepared. In this post, we’ll discuss the Sunshine Effect and how it affects house sales. We’ll also give you 3 quick tips to help make sure you’re ready to buy when you find your dream home!
The Sunshine Effect is a phenomenon that occurs every Spring. As the weather gets warmer and the days get longer, people start to feel happier and more optimistic. This positive mood change often leads to an increase in house sales. Australians are known for being keen home-buyers, and the Spring season is always one of the busiest times of year in the property market.
If you’re thinking of buying a house in the next few months, it’s important to get pre-approved for a mortgage. This will give you an idea of how much money you can borrow and will make the home-buying process a lot easier.
3 Tips to Prepare for Spring House Sales
Do your research. Knowing what you want (and just as importantly, what you don’t want) when it comes to buying a house or apartment is vital before you start making offers. Make sure to do you research on the area you’re wanting to buy (schools, shops, parks, etc.) as well as what recent sale prices have been for similar properties.
Get pre-approved. This will give you an idea of how much money you can borrow and will make the home-buying process a lot easier. Not only can you confidently go into auctions with a clear idea of what you can afford, but it will speed up the finance process when you make the leap.
Speak to a mortgage broker. It’s the job of a mortgage broker to help their customers get a home loan that is in their best interest. With access to dozens of lenders and the experience to help guide you through the application process, you can help take the stress out of finding finance with a broker by your side.
