First Home Buyers to Miss the FHLDS Deadline

If you've successfully applied for the First Home Loan Deposit Scheme (FHLDS), are you aware that you only have 90 days to search for your first home?

Given the latest social distancing restrictions, public open for inspections and public auctions have been banned. Agents can only schedule inspections on a one-on-one basis, and this makes property search a lot more difficult. There are a lot more coordination involved and a lot of planning involved.

How do you hasten the property search? How do you see more properties in the limited time you have?

Plan, plan, plan.

It takes a lot of planning and coordination, and juggling between property search and all your other commitments. This is where most all first home buyers get anxious. You have to scan through the various real estate websites to research the property market, estimate the property value, understand your mortgage commitments, organise the building inspection, termite inspection and pest inspections, talk to your financial planner. There is a lot to do within the 90 days, for the inexperienced first home buyer.