The REINZ stats comparing December 2019 with 2018 were recently released, with encouraging signs evident across the board. In December, both the median house price and the volume of sales were up on the same month for the two previous years, while the number of days taken to sell dropped dramatically from 35 to just 30.
No doubt this growing confidence will have fed into people’s resolutions for the year ahead. And, if January was the time for goal-setting, then February is all about action! If your plans for 2020 involve a step up (or even down) the property ladder, then now’s the time to set the wheels in motion.
Establish your priorities. The house-hunting process will be much, much easier if you’re clear about what you’re looking for from the outset. Start by creating a list of ‘must-haves’ and ‘nice-to-haves’. It’s really hard for sales consultants to help you if we don’t know what you want.
Know your budget. Understanding how much you have to spend is critical. Consult with your lender (or ask us about preferred mortgage brokers) early on in the process and clean up your finances as much as possible. A few months of responsible spending will give you the best chance of securing the ideal loan.
Do your research. Ask us about what’s happening in the current market; it’s where we work and what we do every day so our shared knowledge can be to your advantage. We can provide data on recent sales in the areas you’re looking at; the more knowledge you have, the better your decision.
For more information contact one of our consultants today