Sternbecks Issue 1 A4 web version

December 8, 2014  |  By  | 

Disclaimer Notice: Neither James Harvey, Sternbeck’s Real Estate, nor Newsletter House Pty Ltd, nor the publishers and editors of articles in this issue, accept any form of liability, be it contractual, tortious or otherwise, for the contents of this newsletter or for any consequences arising from its use or any reliance placed upon it. All the information contained in this publication has been provided to us by various parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own enquiries in order to determine whether or not this information is in fact accurate. ©Newsletter House Pty Ltd 2012 Ph: 02 4954 2100 Address: 25 Vincent Street (PO Box 231) | Cessnock NSW 2325 P: (02) 4990 7000 F: (02) 4990 2419 Email: of Web: Message from the Principal Sometimes it’s hard to see the wood for the trees when you’re house hunting. Rather than looking at everything, however, it’s a good idea to narrow down your search before you start, by deciding what’s important to you. Location For example, will your life be easier if you are within walking distance of work, schools, shops, transport or other amenities? If these are crucial factors, you can narrow down your search. If your purpose in buying is to have an asset that you can sell at a prot in a few years, location is also a vital factor in your purchase. The old saying about the advantages of buying “the worst house in the best street rather than the best house in the worst street” has been tried and proved true over time. Finding the RIGHT home Tips for navigating the house hunting trail L ist Making a list about what you really want in a home can save lots of time when you’re looking. It also helps to note down what you like and don’t like about living in your current home and location. This assists in focusing on what you really want from your new home. Then, when you’re looking, check your list against the features of the homes you inspect and see if they tick all or most of the required boxes. Loan The best way to break your heart when house hunting is to nd the house you want, only to learn you can’t secure the required nance. Find out rst how much you will be able to borrow, and don’t be tempted to look at properties outside that range. This saves time and disappointment when you’re on the house hunting trail. Dear readers, The strength of the real estate market in the past 6 to 12 months has dramatically increased the opportunities for a whole new segment of mums and dads to become investors. Market activity has pushed up home values and the higher the values go, the more equity you have in your home, and the more borrowing power. The equity is the difference between what you owe on your home and its value. With the lowest interest rates in 60 years and predictions that the market will continue to grow, perhaps you should come and see us to nd out if you are in a position to buy your rst investment property. Kind regards, James Harvey Licensee/Director

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