Checklist: How To Prepare to Buy Property in 2023

It’s the start of a new year.

For so many of us, this is the perfect opportunity to grab a pen and paper and set some aspirational goals for the next 12 months, onward.

While most of us will naturally gravitate to the obligatory fitness goals and promise ourselves for the third year in a row that we’ll finally start watching that popular TV series, one of the most common goals that may be on your list is purchasing a property.

If so, how exciting!

After all the craziness of the last few years, things are finally starting to settle down in the Australian property market – meaning this is truly your year to make your property goals happen.

Of course, if you are planning to purchase Sydney, Regional NSW property or buy Canberra Real Estate this year, it’s always a smart idea to be prepared.

That’s why we’ve put together this handy checklist to help you get a better understanding of what your priorities are and also help get you closer to making the right property purchase decision.

So, let’s get into it.

6 checks to prepare for buying property in 2023

1.   Do you have your finances and budget in place?

This is a no-brainer. Without a clear understanding of what you can afford to buy, you can’t even begin to start looking at what’s available in your price range.

Take the time to go over your finances, speak to your bank, understand your borrowing capacity and get a clear picture of how you’re going to afford to buy property in 2023.

2.  Do you need to sell your existing property before buying a new one?

While we’d all love to be all flush with cash, unfortunately, not all of us can afford to buy a new property without first selling our existing one.

When making this decision, consider whether you may need to do any renovations before selling as well.

3.   Do you know what areas you are going to be looking in?

Certain areas of Sydney, NSW or Canberra are going to suit you more than others. That’s why it’s a good idea to make a list of where you would be happy to purchase a property to help narrow your search.

4.   Have you done your property research?

This goes hand in hand with your list of areas.

Ask yourself what you really need, then do your due diligence to ensure you find the best suburb location for your requirements.

For example, do you need to live near a school? Do you want to be close to public transport? What other local amenities do you want to have close by?

In the age of working from home, many people now also consider the walkability of an area as they look to maintain a sense of community and connection.

5.   Do you understand the current trends and government incentives around buying property in NSW and ACT?

Every property market experiences trends – and Sydney and Canberra are no different. It’s important to be on top of the latest trends in the market to help you make a more informed decision.

Likewise, it’s also important to know what incentives, concessions or exemptions are available for you as a buyer in the property market. For example, if you’re a First Home Buyer, it pays to be across the recent changes around Stamp Duty in NSW.

6.   Do you have a Buyers Agent?

An Australian Buyers Agent is the ideal professional to have by your side throughout your property journey. Consider them as your extra advantage, enabling you to easily navigate the complexities of the property purchasing process.

In fact, a Sydney Buyers Agent or Canberra Buyers Agent can guide you through each point on this checklist to help you achieve your property goals successfully in 2023.

How did you go – how many did you tick?

Do you need help ticking all of the boxes on your property-buying checklist?

We’re often asked when the best time to buy a new property is. Well, the best time is once you’ve ticked every box on your property buying checklist, above

However, it always pays to have the guidance of a property-buying professional when working through each point on the list – and that’s where Brady Marcs can help you.

As Sydney Buyers Agents and Canberra Buyers Agents, we can answer any questions that you may have along your journey and help take the confusion out of preparing to purchase a property.

Brady Marcs is your trusted NSW Buyers Agency and ACT Buyers Agency

In today’s extremely competitive real estate market, buyers need a dependable and empathetic Buyers Agent to help them get in, secure the best deal, negotiate on their behalf and represent their interests.

Brady Marcs Buyers Advisory is an experienced and dedicated Buyers Agency with a genuinely passionate team who guide you through the entire buying process to find your ideal property. From first home buyers to seasoned property investors, our integrity and expertise are for everyone, every goal and every property.

We even provide vendor advocacy services if you’re looking to sell your home before buying a new one.

Contact us today to see how we can help you to tick off your real estate buying checklist and achieve your property goals in 2023.

We’re here for you when you’re serious about buying and beyond.

PLEASE NOTE: The information in this article is general information only and should not be considered financial advice. For financial advice tailored to your unique circumstances, please seek the services of a professionally qualified Financial Advisor.