THE BUYING PROCESS
TIPS TO HELP YOU NAVIGATE THE
PROCESS OF BUYING YOUR HOME
Buying a property is an exciting journey, but it can also feel overwhelming without the right guidance. Whether you’re a first-time buyer or an experienced homeowner, it’s important to stay organised and follow the key steps that will make the process smoother.
Below, we’ve outlined the essential actions you’ll need to take – from securing finance to collecting the keys to your new home.
Let’s break it down, step by step, so you can move forward with confidence!
STEPS TO PURCHASING
1. Check your finances – If you’re not paying cash, speak with your bank manager or broker to understand your borrowing capacity.
2. Get pre-approval – Apply for a finance pre-approval to know exactly what you can afford.
3. Choose your ideal suburbs – Narrow down the areas you’d love to live in.
4. List your needs and wants – Make a clear list of what you’re looking for in your new home.
5. Do your research – Investigate the property market in your chosen suburbs and attend open homes to get a feel for what’s available.
6. Found the one? – When you’ve found the perfect property, it’s time to make an offer.
7. Be clear on conditions – Ensure your offer is clear, including any conditions you want to apply.
8. Notify your team – Let your bank manager or broker and solicitor/conveyancer know once your offer is accepted.
9. Get inspections – Book a pest and building inspection to ensure the property is in good condition.
10. Order a strata report – If buying a unit, get a strata report to check the health of the building’s management.
11. Review and sign – Carefully review the contract, sign it, and pay your deposit (usually 5%–10% of the sale price).
12. Move towards settlement – Focus on making your contract unconditional within the agreed timeframe.
13. Organise moving essentials – Set up your utilities and hire a removalist for moving day.
14. Pre-settlement inspection – Book a final inspection to ensure the property is as expected before settlement.
15. Collect your keys – Arrange to meet your agent on settlement day to finalise everything and collect the keys to your new home.