Location, location, location! We’ve heard it countless times and it’s become a sort of cliché in the market.
Aside from the fact that it’s clichéd, it can’t be truer.
In the United States, consumers have the option of rent to own properties in prime locations.
But in Sydney’s cutthroat property market, you need to be on point and on your toes in order to make it through. We all know people are spending money, just take a look at MMG's cool things to buy on Amazon under $25.
You need to find your way around a tricky rental to buy it. But how do you do that? Read on.
References at the Ready
If you are a buyer, the first thing you should have is your list of references.
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Have someone who can back you up when you claim to be a great tenant.
No one is better than your last landlord if they have your back, you’ve won half the battle. Your previous landlord can be your best friend or your worst enemy or side hustles.
They can tell the next landlord about your reputation as a good tenant. If you hired people from panel app for installation of indoor plants and they liked the idea, you could score major points on your deal.
Don’t wait
If you put that property off till the weekend it might be a bad idea because it might be gone by then.
The market fluctuates constantly so you have to know when to strike. Some houses are up for rent immediately because of the way they are maintained.
If you were a landlord keeping up with maintenance and employing reddit beer money awaiting a buyer, would you wait? No, right? You’d move on to the next buyer. It’s a win or lose situation.
So don’t wait on it.
Don’t be Shy: Ask Away
Asking the right questions at the right time cannot be stressed enough.
Realtors aren’t going to bite if you raise your concerns.
There’s no wrong question when you’re paying for what you want.
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Ask about previous tenants and about any repairs done in the past. Ask if those repairs were done by professionals.
Both tenants, as well as landlords, have to be honest and open as possible; at least play your part. They’ll end up in hot water if they’re at fault. If you try and conceal yourself from the seller, they’ll know something’s up and that’ll be the end of that.
You’d have lost the deal. So remember to be honest and open.
Use the not so Secret Weapon
The internet, of all things is your secret weapon. You can stay online and on the go, always.
When you’re buying real estate in Sydney, you can search for the location that suits your needs within 5-7 taps or clicks. You can do it while reading the paper, having breakfast or on your work desk.
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You’re not limited to geographic confines either. When you’re on vacation or a business trip you can still look up properties on Sydney’s local website and leave a query with them that you want them to hold onto a specific property. You can even book it (on a premium, of course), enjoy your 3 days in the sun, come back to find the property waiting for you.
Originally seen on: Millennial Guide
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