Buying your first home is a big step and arguably one of the most important you’ll make to build your personal wealth and secure your financial future.
It’s an exciting time but being a first home buyer can also be confusing, stressful and overwhelming – and like so many things in life, it doesn’t come with an instruction manual. That’s why we asked Sophie, a successful first home buyer, to share her story with us.
Sophie’s experience is a great example of how important it is to get advice from someone who has your best interests at heart.
Having the right mortgage broker on your side really can help you secure your first home mortgage and make your property dreams a reality.
Sophie’s experience at her bank left her even more confused about the home loan process and disappointed that no one there was offering to help her navigate the system.
But worst of all, the amount the bank told Sophie she could borrow was so small she didn’t feel there was any way she would be able to break into the competitive Sydney market. That’s when she turned to Shore Financial’s Terri Miller.
“The time and care Terri gave me was incredible,” says Sophie. “She made sure I absolutely understood the whole process. Every time I found a flat, I would email Terri and she would come back to me with feedback.”
For a lot of first-time buyers, it takes many months, even years, to get that first foot onto the property ladder. It only took Sophie two months to buy her apartment after her first meeting with Terri.
“Hilariously, I saw the place I ended up buying, for the first time on the day of the auction,” says Sophie. “Because Terri had prepared me thoroughly and we had all the paperwork in order, there was no problem. I was just able to go, “Actually, yes, this place is perfect and I want to buy it and I can. It made it seamless.”
Because Sophie had her loan pre-approval in place, she was able to move quickly to buy the property that was right for her. Pre-approval is a huge advantage when you are buying property. Not only does it give you confidence and a budget to work within, it also puts you in a much stronger negotiating position when you are competing with other buyers.
Sophie recently bought her first property with the help of Shore Credit Adviser, Terri Miller.
Like so many first home buyers, Sophie really had no idea about the property market or how to go about securing a loan, when she started her property search.
“I had absolutely no idea which way was up in the whole process,” says Sophie. “I had tried to go and talk directly with the bank and they asked me a whole bunch of questions that were confusing and I walked out of there feeling that I had been dumped by a wave.”
Sophie’s story is exactly the type of success story that we are so proud of here at Shore Financial. It’s the perfect example of how our brokers work for you.
Here are some of the key takeaways from Sophie’s story that every first home buyer should consider before taking that step onto the property ladder:
As we all know, the Australian property market has softened over the past twelve months. Now is the perfect opportunity for first home buyers to enter the market. Contact the team at Shore Financial and let us help turn your property dreams into a reality.
You can find out more about Shore Financial’s process or read our First Home Buyer FAQs.
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