Buying a Property For Dummies

Take the stress out of buying a property with this handy guide that covers everything you need to know!

Are you a first-time buyer? Or perhaps you’re looking to move on and up in today’s competitive property market? If you feel overwhelmed by the jargon, the unsolicited advice, and the complicated finances, you’re not alone. So how can you be confident you’re ticking all the right boxes? With Buying a Property For Dummies!

This straightforward, step-by-step guide will help you get the best deal on your new house, apartment or investment property.

• Learn about different types of residential properties and different buying strategies
• Calculate the costs ahead of you and understand how your mortgage will work
• Learn how to value a property, negotiate, and make a successful bid or offer
• Get tips on when and where to seek expert help

There’s no denying that buying property can be stressful. But with Buying a Property For Dummies, you can sleep easy. This clear, practical handbook will ensure you’re making the right moves to realise your property dream sooner—and that new your property is a sound investment for your future!

Introduction 1

Chapter 1: Getting Ready to Buy Real Estate 5

Chapter 2: Understanding Buying Strategies 15

Chapter 3: Finding Your Expert Team 23

Chapter 4: Financing Your Property Purchase 37

Chapter 5: Understanding Mortgages 45

Chapter 6: Working Out the Ongoing Costs of Real Estate 61

Chapter 7: Evaluating Property and Making an Offer 75

Chapter 8: Getting Your Head Around the Legal Requirements 107

Chapter 9: Ten (Okay, Six) Signs You’re About to be Stung by a Spruiker 127

Index 133

Nicola McDougall is an experienced Australian property and finance journalist, blog writer, and property investor. She is co-author of The Female Investor and is the current chair of the Property Investment Professionals of Australia (PIPA).

Bruce Brammall is a licensed financial advisor and mortgage broker, finance columnist, bestselling author and successful property investor.

With this book, buying a house isn’t so hard

If you’re a first-time buyer or looking to upgrade, you’ll need a friendly guide to all the jargon, finances and complexities that come with buying property. Buying a Property For Dummies breaks it all down so you can get excited about getting into the home (or investment property) of your dreams—with minimal stress. You’ll also find pro tips for getting the best deal on your new purchase using winning buying strategies and negotiation skills. Cross the threshold into your new place with this Dummies book at your side.

Inside…

• The Australian property market
• Types of residential property
• Lenders, solicitors & agents
• All about mortgages
• Calculating real estate costs
• Avoiding bad investments
• Financing your property
• Renting out your property