Adelaide coastal property buying guide: Tips from McGrath Real Estate
By Alison Burgess

7/12/2015 12:00am

Adelaide coastal property buying guide: Tips from McGrath Real Estate

 

We have helped people buy and sell real estate all along Adelaide's coastal suburbs for more than 40 years.

In that time, we have picked up some insights that will help you dip your toe in the water of property ownership, especially Adelaide beach side property ownership, with confidence.

And the first thing to note, is that it all comes down to questions.

How to buy real estate along the coastal suburbs of Adelaide

It is typical to have a range of questions yourself, when venturing into buying real estate:

  • How do you know when you are buying the “right” property?
  • How do you know if the property is the “right” price?
  • How do you know when it is the “right” time to buy?

After all, buying a home is one of the most important stepping stones in your life!

Therefore, it is understandable that you want to make sure that you are making the right decision, at the right time and for the right price.

Whilst the ”right” time varies for everyone, it is frequently determined by the current trends in the housing market.

In some property cycles properties are readily available and affordable but in others they are not.

The “right” time can also often be determined by your financial situation and therefore will have an impact on what you are able to buy, where you can buy and when you can buy.

7 important coastal real estate buying questions

We have put together some important questions for you to consider before you go and buy your dream property near the beach in Adelaide or along its coastal suburbs.

Having answers to some or all of these questions will help you get the most out of your interactions with our team at McGrath Real Estate or other related professionals like mortgage lenders and conveyancers.

  • Are you buying the property to live in or as an investment?
  • What type of property are you going to buy? (unit, house, rural, land)
  • What features do you require the property to have in order for it to be liveable or rentable?
  • Do you need to sell before you buy another property?
  • What is your budget?
  • What will the costs be when I buy my new property?
  • Do you need finance to purchase your property?

These top seven questions must be explored so  you can establish a clear plan for your property purchase.

What's next?

You need to research your needs and wants and determine your financial position so that you can make informed decisions and understand what you need to do in order to be comfortable.

One of the first steps is to find out how much you can afford.

We recommend calling our qualified, independent home loan broking service, Aloanplus, now on 8350 4227.

They will arrange a free, no obligation financial consultation in your home to assist you.

You are also welcome to use the McGrath Real Estate Coastal Concierge service so our agents can be keeping their eyes on properties along Adelaide's coastal suburbs on your behalf.