Buy Tips and Check List

Buy Tips and Check List

1. Have your finances ready

Get in touch with a mortgage broker or bank and have your loan pre-approved before you start looking for your property. Once you are ready to buy things happen very quickly so having finances ready means you won’t miss out.

2. Selecting the right property for you

Have a check-list of ‘must haves’ and ‘nice to haves’ so when the right property comes along you’ll know. Ask your agent about the property title eg, Strata, Torrens etc and what that will mean for you. Decide if you want an off-the-plan or an established property and research the area you are buying in.

3. Find a conveyancer

Once you like a property you’ll ask for the contract and you’ll need a conveyancer to go through the contract with you. Having someone already lined up to do this makes the process a lot quicker for you.

4. Get inspections done

Ensure you get your building and pest inspections completed before you sign. You don’t want any unexpected surprises!

5. Deposit

Once you wish to go ahead with a property you’ll need to sign the contract and provide a deposit, usually between 5%-10%. You’ll need to have this money available to put down when you are ready to buy.