How to avoid Negative Equity - 22

How to avoid Negative Equity  - 22

Whilst many Finance companies are running very gimmicky
Advertising campaigns at present,
such as ,
" Refinance and save $1000 ",
we are concerned with the much more serious question ,
" Are you paying too much for your Property purchase ?"

You may or may not save $1000 by refinancing,
but if you are paying $50,000 too much
for your Property purchase,
you will be losing a substantial amount of money.

To avoid the possibility of Negative Equity over the next 5 years,
it is essential that you pay a fair Market Price for Property.
By utilising the services of a Buyers Agent,
you can negotiate to get the lowest possible Price.
If an Apartment is listed for sale at $500,000 ,
and the Buyers Agent is able to get a $50,000 discount,
hence arranging a fair Market Price of $450,000,
this means that you need to borrow $50,000 less.
This is a potentially huge saving
and is far more important than chasing Gimmicks
if you want to avoid Negative Equity in the future.

What do you think ?
Would you like to get the Best Property Price ?




Honeymoon over for Mortgage holders

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Craig Holme Consulting

 

 

Copyright - Craig Holme - 2013