Steps to buying your property
- Obtain a home loan pre approval in writing.
- Search for a property. When you have found the house or unit you would like to purchase get the agent to send us the contract to review. We will explain the contract to you so you know what you are signing.
- Negotiate the price with the agent and any amendments you would like to make to the contract
- Order any reports you require such as building, pest inspection, strata inspection, survey etc. We can advise you on which reports are recommended for your property.
- Obtain final loan approval. Your lender will arrange a valuation of the property.
- Exchange contracts. We will advise you when the contracts are in order and it is ok to proceed. Both you and the seller sign a copy of the contract and exchange them. This is when you need to pay the deposit which is usually 10% but can be negotiated if necessary. Talk to us about cooling off periods and your rights.
- The time between exchanging contracts and settlement is usually 6 weeks but can be negotiated. During this time you will need to finalise your finance and stamp the contract. Stamp duty needs to be paid on the contract. We will advise you on how much needs to be paid and arrange the transfer documents. If you are eligible for any government grants we will help you apply for them.
- Arrange a final inspection of your new home. This should be done the day before or the morning of settlement.
- Settlement day – the day you receive the keys to your new home. We will attend settlement on your behalf along with representatives from the sellers and the lending providers. The balance of the purchase price is paid and the deeds are handed over. We will ensure that all council and water rates are paid up to date.
- Move in to your new home and arrange services i.e. electricity, gas, telephone.
