Anyone who has ever had to shift houses will tell you what a daunting task and that it is a massive amount of work that will leave you tired, stressed out and wishing you never have to move houses again but then in two years, it is a repeat process all over again. The truth is, it does not really have to be like this. Most people can afford to buy themselves a small house through a bank loan but they fail to look at these options because they do not have any money in hand. Of course, there are many ways in which you can make the shifting process a lot easier for you but while you are shifting, make it a point to look for houses on the market that you can possibly buy. Visit this page for more information regarding private house sales.
Speak to a bank
The first thing you will need to do is to speak to a bank and have them make a calculation based on your lifestyle and monthly wage and the rent you pay about how much of a loan you are able to get. You will find that you will be able to pay your monthly rent to the bank against your loan which means that eventually the house will be yours. At least in this case, you are not giving your money away but you are investing it in better prospects for yourself. Look for a house that is being sell by the owners as you are likely to get a better rate for it and you will have more negotiating power. Most people will be flexible and willing to change their prices and their terms based on your situation and what you can give them in return.
It is always important for you to look for house where the owners are selling without agents Melbourne as agents tend to be very money minded and will try to make the most money out of you based on the fact that they are getting a percentage based commission. They may also be dishonest and not give you all the facts because their main intention is to sell the house, get the money and move on.
If you get a house that is slightly above your budget, you might even be able to use the house to make a little extra money by renting out one or two of the extra rooms to working adults who will pay you a rent every month that you can use against your installment towards the loan. This will make the burden on your shoulders much lighter.