First buyers ready to commit
2013 looks set to be the year many first timers finally buy their home.
A recent realestate.com survey reveals about 66 per cent of those aged 18-24 are saving for a home deposit and intend to enter the property market this year.
Many current home owners also plan to increase their repayments so they can pay off their home loan quicker. About 60 per cent of those surveyed intend to buy this year and nearly a third planned to sell and upgrade to something bigger.
About half of those aged 65 or older were also planning to downsize.
This spells good news for you as a potential seller as there are lots of potential buyers confident about the market.
Sellers, however, need to price their home to meet the money conscious market.
Aim to have your home loan assessed every 12 to 18 months to ensure your interest rate remains competitive. Even a slight rate reduction can save you thousands of dollars over the loan’s life.
How does your current interest rate compare to LJ Hooker Home Loans which have just been cut for one and two-year fixed rates to only 4.99 per cent?
Now, with rates at a record low, is definitely a good time to review your home loan rate.
Come and see the home loan specialists with LJ Hooker for a very competitive interest rate.