Journeys Q & A


The following advice is of a general nature only and intended as a broad guide. The advice should not be regarded as legal, financial or real estate advice. You should make your own inquiries and obtain independent professional advice tailored to your specific circumstances before making any legal, financial or real estate decisions. Click here for full Terms of Use.

What are the benefits of a career with First National Real Estate?

It takes a special person to work in real estate - someone who is committed to providing exceptional customer service and developing the skills necessary to deliver outstanding results consistently.

To be sure this is the right career for you read this brochure, and talk to people in the field.

Contact your local First National Office on 13 16 66

How should I price my property?

Once you have decided to sell your home, the next major decision you must make is how much to ask for it.

Realistic pricing increases the odds of achieving your desired sale price. A home that is on the market too long sends a signal that 'something must be wrong with the property.'

Read this brochure on 'pricing your home to sell' for more information.

Click here to contact your nearest First National office.

How can I save money on my utility bills?

In light of the water restrictions sweeping our country, homeowners need to be proactive when it comes to water conservation. By ensuring your property is ‘water friendly’, you will not only help to save the environment and reduce your household costs, but you will also improve the value and attractiveness of your home should you be selling it now or in the near future.

Check out our resources section to see how being water conscious can save you money.

What research should I do before buying a property?

If you find the prospect of buying your first property a little intimidating, don’t worry. Doing some basic research is easier than most people think. It increases your confidence and reduces the chance of making a mistake. 
 
  • Start your search with an image of the property you would like to buy in their your mind, and a short list of suburbs
  • Check the real estate sections of newspapers, magazines or and websites
  • Visiting websites such as firstnational.com.au will help you cover a lot of ground quickly and efficiently
 

How do we choose the right real estate agent?

One of the most important elements when choosing the real estate agent to represent you is ‘trust’.

An agent offering you the lowest commission rate and/or the highest appraisal is not necessarily the best option. To make your selection easier, take the advice of the professionals:  

  • Ask your colleagues, family, friends and neighbours if they are able to refer you to a proactive agent
  • If you are unable to receive referrals, search the internet for reviews from past clients of local agents
  • When you interview your potential agent, ask the following questions:
-    How many properties did you sell last year and last month?
-    How many buyers are you working with at the moment?
-    Can you provide me with an example of your marketing campaign?
-    How many salespeople do you have in your team?
-    What charges will I incur if the house doesn't sell?
-    If I am not happy with your performance, how do I cancel our agreement?
-    Can you provide me with a list of your past clients and testimonials?
-    How often will I receive feedback on the progress of my sale?
-    Can you provide me with 3 recent sales in the area, similar to my property, and what they sold for?
-    What is the average house price in my area?
-    Do you have similar properties to mine currently for sale?

Click here for more information on choosing the right agent.

First National Real Estate has over 400 offices around Australia & New Zealand. Our real estate agents would love to help you today. Click here to contact one of our agents

What is 'borrowing power' and how does it work?

'Borrowing Power' is a term you’ll often hear used to describe the amount you can comfortably borrow to finance your property purchase.
 
Your borrowing power is determined by your current income and financial commitments as well as your savings and credit history. You should carefully consider your current and future living expenses so you’ll be assured you can repay your loan and maintain the quality of lifestyle you’ll require.
 

How do I choose the right home loan?

The multitude of loan options out there can be daunting, and it's hard to know if you're choosing the right one. With the help of a mortgage broker, you can find the ideal loan option.

First National has partnered with AFG, Australia’s mortgage market leader, so you can have access to one of our experienced, accredited mortgage professionals. They’ll provide the home finance solution that suits your circumstances perfectly.

AFG is Australia’s largest mortgage broker, with more than 800 loan products to choose from. Because their brokers are not tied to any particular lender, they have no interest in recommending one product over another. Whatever your circumstances, your broker will find the deal that’s right for you, not the deal that meets your bank manager’s quota.

Click here for more information on AFG.

Can a deposit be negotiated on a property?

Like many elements of a property purchase, the deposit can be negotiated. A Deposit is usually 10 per cent of the purchase price, but it’s not uncommon for a property owner to consider a 5 per cent deposit in some circumstances., So, don’t be afraid to ask your agent if your funds are stretched.

What types of home loan options are available when buying?

Choosing the right home loan from the many products available can be daunting. It’s important to understand all the alternatives before making your choice.

There are two options available to you when organising finance. You can apply directly to
a finance institution or you can use a mortgage broker to help you through the process. There are
two fundamental types of home loans available, each offering you a range of repayment options.

“Variable Rate” home loans:

With a Variable Rate Home Loan the interest rate is described as variable because it may change
during the term of the loan, depending on economic conditions
  • Repayments can usually be made monthly, fortnightly or weekly
  • The maximum term is 30 years with many lenders
  • Interest is calculated on the daily outstanding balance of your loan and charged to your account monthly, so any additional or increased repayments will benefit you immediately

Unless the loan is paid out in the first five years, there are rarely additional costs for early repayment
of the loan, other than government/bank discharge fees.

“Fixed Rate” home loans:

  • As the name implies, this home loan product has a fixed rate of interest. The term for whichthe interest is fixed may vary from one to five years. After that, the loan may need to be renegotiated for another fixed rate period or it may simply revert to a variable rate home loan
  • You may be able to make the choice to repay interest only or principal and interest
  • There may be additional costs if you opt for early repayment of the loan

What is a mortgage broker and how can they help me buy property?

A broker helps arrange financial transactions between a buyer and seller. Consumers don’t normally pay for a broker’s service directly. The broker is paid by the lender.

Brokers can place business with any of the major lenders, so they have an incentive to find you the
best, most suitable product, taking the hassle out of arranging finance as well as saving you money
and time by finding the best deal available.
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