Buying a home is a really big deal, so make sure that you know what you are getting into. It is best to do some background research to determine what your level of affordability is. You also may be interested in getting some professional legal and financial advice. A few other things to consider when you are looking at buying your first home:

• Figure out how much money you can afford to spend on a house and don’t go above that figure. Borrowing more money than you can afford is a very bad idea.

• Take into consideration interest rate fluctuations and plan accordingly

• If you don’t understand what a fee or charge is ask. Don’t be intimidated by all the paperwork and legalese. This is your home. If anything confuses you make sure it gets cleared up to your satisfaction.

• Make sure that you can afford your monthly repayment bill.

• If you have extra money it is always a good idea to pay it toward your repayment balance.

• Always pay your payments on time.

• Be diligent in checking for hidden fees such as legals and stamp duty fees.

You May Be Eligible For The First Home Owner Grant

The government has instituted a program that gives first time home buyers a $7000 credit to help get them into their new home. There are some stipulations that apply to the First Home Owner Grant (FHOG) such as:

You must be an Australian citizen or a permanent resident or be building your first home in Australia
The property must be a recognized house, home unit or flat specifically designed for people to live in.
If you’ve already taken the grant you may not use it again.

You must occupy the home within 12 months of purchase settlement or building completion.
Application for the FHOG has to be made within 12 months of settlement or building completion.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2008

Social Bookmarks:

Buying your first home is a very big step, and one that should not be taken lightly. If you are currently looking to purchase your first piece of real estate in Australia you may go through many emotional and financial changes. Buying your first home doesn’t need to be a hassle or a nightmare. If it is done right, purchasing your first piece of real estate can be a very rewarding and pleasant experience. Here are a few tips to get you on your way.

Save Before You Buy

It is best to have some kind of a deposit saved up before you purchase a home. A good figure to shoot for is 5% of the purchase price of the property. If you don’t have that kind of money saved up for your deposit you can still buy a home. Some things you will want to do are:

• Track your expenses to determine where your money is going. A good way to do this is by writing down everything you spend money on for thirty days. Everything. Even a pack of gum should be written down. This will show you where your money is going and where you can reduce your spending and save more money

• Once you have determined where your money is going make up a budget and stick with it.

• Clear up any and all credit card debt as soon as possible to help your credit score. This will also help you to be able to afford your mortgage payments by not having credit card payments to make every month.

• Try to save as much money as you can by finding high interest savings accounts.

If you are able to show your financier that you have a history of savings, responsible repayment ethics and that you are serious about money matters than you will have an easier time when you go to get a mortgage loan for your new home.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2008

Social Bookmarks:

Although property options are not a totally new idea, many people are not aware of this method of real estate investment. However, many well-known wealthy individuals of today used property options to build the fortunes that they now possess and the same is possible for you.

The Key To Property Options

The key is to think of property options as a completely new way to invest in real estate. Instead of thinking of it as a traditional property transaction such as buying a home, think of it more like an investment in a certain business.

For those of you who do not know what property options are, it is simply legal documentation that gives you control of a specific piece of property. The type of control that you get with property options is not the same as you get with traditional real estate ownership. It is a way of controlling the property to ensure that you make a profit from it. When you invest in property options, you will be able to benefit substantially, monetarily speaking.

Best Ways To Profit

One of the best ways to make a real profit from your property option ownership is simply by watching the property grow. You can speed up the process by adding value to the property one way or another. This is where the control that you have over the property is most profitable. A development approval from the local council allows you to develop the property and reap the benefits of the massive amount of value you can add to the property.

With property options, you only have to purchase the property if you so choose. You can save money on your investment by not paying any settlement costs, not paying repair charges and not dealing with deadbeat tenants.

Mark Rolton and Massland are available to teach investors like you how to select the best pieces of property in which to invest you hard earned money. Mark Rolton has been successful in building a fortune with his unique tricks of the property options trade and he is ready to show you everything he knows.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2008

Social Bookmarks:

In the last blog post we talked about determining where to look for real estate property and explored using real estate auctions to find you dream home. In this installment we are going to be talking about a couple other ways to find real estate in Australia.

Check Out The Local Listings

One of the first places to check for real estate that is for sale in the area that you wish to buy in is the local paper. This will give you a good idea of what is out there for properties and how much they cost. If you are looking at real estate in more than one area you can purchase multiple newspapers to get a good feeling for what the properties are going for In those different areas. This may help you narrow down your search according to price and desirability.

Once you determine to purchase a piece of real estate property it may also be a good idea to get the assistance of a real estate agent to aid you in your search for property. Look for a Real Estate agent who is registered with the Real Estate Institute of the Australian State where you are looking for your real estate property.

Buying Real Estate The Conventional Way

In addition to using the local paper and hitting up the auctions you can also choose to buy your real estate property in the conventional way. This is probably the most popular way that real estate is bought and sold. The steps to using conventional methods of purchasing real estate are very simple:

• Find a property that you would like to purchase

• Make an offer of what you would be willing to pay for that property

• If your offer is accepted, a deposit can be paid to hold the property until a Contract of Sale is drawn up.

• If, for any reason, you decide not to go ahead with the purchase of the home the deposit is refundable.

• The Contract of Sale will outlive all the terms, conditions and restrictions of the sale. When you sign the Contract of Sale a 10% non refundable deposit is usually paid.

• The contract will undergo the usual round of inspections and searches and once all of those formalities are completed the sale is basically completed.

You can expect to pay an additional 5% of the purchase price of your real estate property in legal fees, mortgage arrangement fees and taxes. Prices will vary from State to State and your real estate agent should be able to give you more approximate figures of what to expect. Whenever you are in doubt be sure to ask any questions you need to until you are completely satisfied and happy with your real estate decision.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2008

Social Bookmarks:

With property options, you are entering into a sort of agreement with the owner of the property. This gives you the ability to make money from the property without much risk. Some of the most famous billionaires of today made their fortune with property options.

Possibilities For Average Investors

It is possible for you, no matter what type of experience you possess in the real estate market, to make real profit by using the simple methods and strategies that you can learn from Mark Rolton, the founder of Massland.

Mark Rolton himself was just an average everyday blue-collar worker like the rest of us before he became aware of the amazing opportunities available through property options.

Your Rights And Knowledge

When you become the holder of the property option, you obtain certain rights to the property. The particular contract that you sign should outline in detail what those rights are. You will be able to purchase the property outright at a specific time for a specific dollar amount. During which time, you will also be able to increase your profit by raising the value of the property. The informative courses offered by Massland will teach you how to benefit from opportunities such as this by increasing your knowledge of property options and how to use them effectively.

Small Initial investment

It is hard to define property options with a dollar amount unless you are completely aware of how you can make real profit using them. All you have to do is make a small investment toward the purchase of the property option agreement. This amount will be significantly lower than the actual value of the property. Then, if you decide to walk away from the investment, your loss is minimal, generally less than $1000.

Property options are designed for success and one of the best ways to obtain high returns on your investments. How successful you are with property options depends on how informed you are in the industry. Mark Rolton and Massland can provide you with the knowledge and tools to become the next big investor in the market.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2008

Social Bookmarks: