Property story: single 25 year old female who realised she could buy sooner than she thought

In today's episode, we hear from a 25-year-old single female who bought her first property in Lalor, Victoria, for $540,000 using the First Home Guarantee Scheme.

While she had always dreamed of owning her own home and came to the point of feeling ready, she didn’t think she had the finances to get there. However, being a long-time saver and having attained an increased salary of $89,000, a mortgage broker advised her that she actually was in a financial position to begin her property buying journey. 

She talks about receiving many opinions from friends, family and even strangers on buying property. While the majority advised her to hold back and wait it out, she was confident in both her emotional and financial position. Trusting her gut, she moved ahead with the buying process. 

She initially began searching for freestanding houses in inner-city Melbourne, but quickly realised that type of property was beyond her budget. She discusses how she changed her brief and began searching for properties that were more aligned with her borrowing capacity. 

After attending around ten inspections and putting in four different offers, she was finally successful with the last property she went for. She talks about the confidence she gained from negotiating with real estate agents and how she stood her ground despite the pressure to offer more than she was willing to pay. 

She encourages buyers to start the conversation with a mortgage broker, knowing firsthand that the property buying goal could be a lot closer than expected. Her story is a testament to how getting informed, staying focused on your goals and going in prepared can help turn your property buying dream into a reality. 

LINKS:

Check out my FREE checklist 100 Things To Look Out For At Property Inspections here

Connect with Amy: 

Website: www.thefirsthomeguidebook.com.au

Instagram: @amy_lunardi_property