Buying

1. Know what it is you are looking for

Prepare a checklist to take to each inspection that contains a list of features that your new home must have, features that you would like your new home to contain and features that would be a bonus.

 

2. Determine how much you can afford to spend

and preferably obtain pre-approval from a financial institution

Home Loan Calculator

Click here for more on finance

 

3. Research the market

Ask the agent for a market report of past sales in the area

 

4. Conduct numerous inspections

Set time aside to conduct a number of inspection and attend open homes

Click here for more inspection tips 

 

5. Establish a relationship with an agent you can trust

6. Making Offers

Think about any special conditions you might require

Click here for more on Making an Offer

 

7. Obtain professional pest & building reports

Click here for more on Building & Pest Inspections 

 

8. Exchange of contracts

Once agreement on terms for the purchase of a property, a quick exchange is preferable to avoid being gazumped

Click here for more on Exchange of Contracts

 

9. Know all the additional & ongoing costs that are involved

eg) Building & Pest Inspections, Stamp Duty, Council Rates, Body Corporate etc.

 

10. Always complete a pre-settlement inspection

This inspection occurs prior to settlement of the property to avoid any hidden surprises