What are house and land packages?

[anniefrukes]

First home buyers are being forced to compromise on their homes location, property type and number of bedrooms. But this isn’t all doom and gloom, house and land packages are still a desirable and affordable option for many buyers looking to enter the property market.



There are 2 ways to buy house and land packages. The first is called a turnkey purchase where you find the land and choose the house you like from specific designs. You’ll normally put down a 10% deposit, you’ll agree to the price, the fixtures and fittings and how it will and when be built. Upon completion they will hand you the brand new house and you will pay the balance.

[tonymcfallen]

For investors, hiring a broker is no free service and the trade-offs for getting professional advice comes at a cost in the form of high commission fees. If you are one of those real estate investors who can manage on their own and eliminate the need for a mediator, then kudos to you. This case usually works in a hot seller’s market, where demand is really high and you can sell your investment property very easily. If you are amongst those who prefer some guidance, then fret not because there are many advantages that come with hiring a real estate investment agent.

[rebeccamckull]

Working with a broker takes a lot of the hassle out of applying for a mortgage.

Searching through the different types of mortgage deals and lenders can take up so much time and then there is the financial terminology and calculations that people often struggle to understand.