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Buying Tips

Prepare a wish list
Make a list of the attributes you most desire in a property, including your ‘must have’ features, such as location, number of bedrooms or parking.

Organise your finance in advance
Loan pre-approval is a big advantage. Approach your lender or have a mortgage broker visit you to find out how much you’ll be able to borrow and what your repayments will be so you know how much you have to spend. Having your finances organised gives you more chance of securing a purchase and is an asset when negotiating with vendors. If you’re bidding at auction, make sure you have adequate funds in your cheque account to pay the deposit.

Organise your conveyancer or Lawyer
A good tip is to appoint a conveyancer or lawyer as soon as you sign a contract to purchase a property so they can look after your best interests at settlement. This will enable you to discuss any questions you might have in regard to the transfer of the property. If you don’t know of one to appoint, ask our sales- persons for a list of the local conveyancers and solicitor’s.

Additional expenses
While your lender will identify upfront costs such as mortgage insurance and stamp duty, you should also be aware of other expenses which you will need to factor into your purchase like the adjustment of council rates, water & sewer rates, emergency services levy, land tax and Community/Strata fees (if ap- plicable) as at date of settlement. You will also need to put a building insurance cover on the property you are purchasing from the date you sign the Contract to purchase as your risk starts from the time you sign the Contract.




Do your research
Invest the time in inspecting as many properties as possible. This will give you a better understanding of the market, put you in a better position to negotiate, and help you recognise a bargain or an overpriced property. Sources such as The Sydney Morning Herald Home Price Guide also provide useful compara- ble price information.

Sign up to Property Alert services
Most agencies and all of the major property search sites such as domain.com.au and realestate.com.au have ‘property alert’ facilities. Simply enter your details and your property requirements and you’ll be emailed as soon as a property meeting your criteria is listed. This helps give you a jump on the market and saves considerable time.

Pest and building inspections

For the few hundred dollars these will set you back, they are absolutely worth it for your peace of mind. They will help ensure you don’t end up with unknown problems which could cost you thousands down the track

Pre-settlement inspection

Visit the property on the day of settlement to be sure there are no surprises. Be absolutely positive that the property was left exactly as you had agreed upon in the contract.

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