Landlord wants to move in? What now?
So, you received the dreaded letter from the agent advising the owner wants to move into their property, or they want to sell the property.
Although it’s inconvenient to have to find another property to lease and move out, but this could be the time to review your options to buy your property and never have to worry about being evicted again.
Here a few things that could make help you buy your first home
Government Incentives
First Home Buyer incentives are there to help first home buyers get into the property market sooner. Currently, there are many incentives in place to purchase a property, from $10k grants, no LMI, no Stamp Duty and ability to save in your superfund.
Guarantors
Many family members want to see their kids, grandkids, or siblings own their property. Many potential guarantors are always willing to help once they understand the process and what it means to be a guarantor.
Save at least 5% of the property value
This is the minimum you can save to apply for a home loan. 20% deposit is ideal, like everyone believes is required, but if you don’t have 5%, then we can still obtain a loan to purchase your first property.
