Speak with your Financier or your Home Loan Consultant to arrange the best loan to suit your needs. You can use our Calculators as a guide for how much you can borrow, how much stamp duty you will pay, your mortgage details and for investment information.
Prepare a list of preferred areas that suit your lifestyle.
Develop an association with a Sales Agent. The Agent will be able to offer further advice and also make you aware of recent sales and any new listings in your desired location.
Once you have found a property you wish to purchase, you can make an offer on that property – this is done through your Sales Agent. If the Sellers are agreeable to your offer, a Contract of Sale can be drawn up on your behalf to purchase the property. You have the option of your Solicitor perusing the Contract before you sign.
It is recommended that you arrange a building and pest inspection to make you fully aware of any defects and pest concerns (if any), the property may have eg: white ants, termites.
Following your Solicitors advice on the Sale Contract, you are now able to make an informed decision to proceed with an offer on the property through the Agent.
We recommend you read the Australian government “First Home Buyers Guide”. It is full of useful information for home buyers, you can see it at here.
Once negotiations have been finalised, you will be required to sign the Sale Contract and pay a deposit. Your deposit will be held in trust until settlement has been effected.
On settlement day, you are able to request a pre-settlement inspection before settlement takes place. This is to ensure that the property is in the same condition as when you last inspected it.