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How to buy your first property

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How to buy your first property - Southern Africa - first time buyer - property guide - home buyer

For first-time buyers taking their initial steps towards purchasing a property, there are a few essential aspects that should be considered beforehand such as whether the buyer is ready for the investment and well researched on all the types of options available to them, says Adrian Goslett, CEO of RE/MAX of Southern Africa.

He says that the reason for this is that home ownership is a major commitment that should not be entered into lightly.

"Purchasing a property won’t just affect the buyer’s financial well-being now, but possibly in the future as well. First-time buyers should make the most informed decision possible by obtaining all the necessary information they can. Making a rash, incorrect decision without considering all the consequences will only result in the buyer paying heavily in the future," advises Goslett.

"Due to the long-term nature of property investments buyers will need to evaluate the decision in terms of their life plans, which include their financial situation both currently and in the years to come.  It is important that buyers ask the questions: When, where, why and how to invest in your first property." 

Goslett offers first-time buyers a guideline to finding the answer:


Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.