This section outlines
many of the requirements, processes and key points to assist when purchasing
your very first property. The information and links supplied are to be used as
a guide to assist you in educating yourself to make better informed decisions
on buying your first property. Topspot accepts no responsibility for decisions
made by readers based on this information.
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Written by Scott R
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Before
looking to buy a property, sit down and write out your financial position
including assets, liabilities, income and monthly living expenditure.
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Written by Scott R
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When
signing an offer and acceptance on a property, think carefully about the entity
you will purchase in as your own personal name is the easiest but may not be the
most beneficial in the long term. Meet with an accountant to
discuss.
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Written by Scott R
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When
investing in property, try and take the emotion out of your decision making so
you treat it as a business and maximise your rewards.
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Written by Scott R
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When
selling a property timing is important such as not having a home open when the
AFL grand final is on.
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Written by Scott R
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Make
the effort to find out what the market standard interest rate is on a home or
investment loan rather than just accepting a bank product offered to
you.
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