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House Hunting - how do you decide on price range?
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<blockquote data-quote="user 997" data-source="post: 1149956" data-attributes="member: 997"><p>I would also look to rent before buying, even short term, until I'm more comfortable with the area, unless you already are familiar with the new country.</p><p></p><p>You also need to consider the mortgage regulations of the country you are moving to, this can vary quite from country to country. If you have fixed rate mortgages, then you'd have to look at whether that locks you into the current higher interest environment, so in addition to home options, there is also a timing component. South Africa normally has a variable rates, so you need to be a bit more conservative with the loan amount to be able to ride through the interest rate ups and down.</p><p></p><p>Also check rates on utilities, e.g. what your gas and electricity tarriffs would be, and if you have multiple supplier options or not. These can vary quite a bit from region to region.</p></blockquote><p></p>
[QUOTE="user 997, post: 1149956, member: 997"] I would also look to rent before buying, even short term, until I'm more comfortable with the area, unless you already are familiar with the new country. You also need to consider the mortgage regulations of the country you are moving to, this can vary quite from country to country. If you have fixed rate mortgages, then you'd have to look at whether that locks you into the current higher interest environment, so in addition to home options, there is also a timing component. South Africa normally has a variable rates, so you need to be a bit more conservative with the loan amount to be able to ride through the interest rate ups and down. Also check rates on utilities, e.g. what your gas and electricity tarriffs would be, and if you have multiple supplier options or not. These can vary quite a bit from region to region. [/QUOTE]
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House Hunting - how do you decide on price range?
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