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Buying a house is likely to be the biggest single investment you will ever make, therefore it makes complete sense to review the contract of sale. This is a binding contract between the seller and buyer, which is prepared by the seller – they would normally have their conveyancing solicitor draw up the contract of sale. Obviously, one wants to be absolutely sure of all the fine details in such a written agreement, and there are different requirements from state to state. This article will talk about Queensland and here are some important things to watch out for when reviewing a contract of sale. (more…)
Buying the home of your dreams is something that most people want for themselves once they get to a certain age. When you start to consider making a family and start visualizing settling down the first thing on your mind is being able to provide a home to do it in. (more…)
Buy-to-let properties are fantastic investments for the future. Some people hold down a full-time job while retaining the income received from their rental properties. Other people have a whole portfolio of investment properties. This guide is aimed at people considering a buy-to-let investment and for now, want it as a subsidy to an already steady income.
Before you get started, you should think about what your budget is and how much rent you think you could realistically charge. Factor in any maintenance costs too. Chances are you will have to fix things up for your tenants. This could end up getting expensive if you haven’t factored it into your budget. How big a mortgage can you realistically afford? Do you already have a deposit saved up? These are all important questions.
Don’t just settle for the first mortgage you come across. Remember, the point of investing in a property is to make a profit, so don’t lose out on the mortgage. Speak to a good mortgage broker for reliable, independent advice, and talk to your high-street bank as well. If you know friends who are homeowners, chat to them about the kinds of deals they got. Remember, the lower your mortgage repayments, the more of a profit you will make.
It is worth visiting investment experts to talk through your new venture. Investment property services offer helpful advice on both capital growth and rental income and will be able to assist you. They can do a lot of the market research for you and find properties you will be interested in. This will help to save you time.
When you come to buy your property, do not be afraid to haggle with the seller. If you have a strict budget but see something you really like that is too expensive, don’t worry. It is worth consulting with the seller to see if they can fall to your limit. The worst they can say to you is no, and you won’t be worried about having never asked.
You will have to pay property tax on your buy-to-let investment. But if you find a good accountant, they will be able to tell you how to make the best of the situation. They will let you know what you can claim back for tax relief and how to organise your accounts so they are their most efficient.
Buy-to-let sounds really idyllic – it is effectively having someone pay off your mortgage. However, as with any type of investment, you should always be wary of the risks
Buying a home is a very big deal and something most people take very seriously. Selecting the right home to buy will usually take some research and personal guidance for most people. Owning a home is a great investment and will allow you to do things you though impossible before the buying of the property. For homeowners looking for some extra cash, getting home equity loan information is ideal. There are a number of different uses for a home equity loan. Here are a few of those uses and how they can benefit you in the long term.
Most people will have heard a little about fixed-rate mortgages in the past. That is because they are the most popular type of home loan in the entire US. However, there is some confusion about whether or not they offer the best deal. With that in mind, we’ve listed some of the pros and cons in the hope of setting the record straight. If you’re looking to purchase a property in 2015, it’s vital that you perform a lot of research into all the lending options available before making your decision. Nobody wants to find themselves in financial trouble in the near future because they didn’t do the groundwork.
As you can see, there are too good elements and one bad. We hope that has helped you to better understand whether or not fixed-rate mortgages are right for you. To learn more, take a look at the infographic.
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You dream of it every night. You imagine fixing it, painting it and showing it off to your friends and family. Your dream house! Do wishes come true? (more…)