A.

• We can give you a free property appraisal to help you here.
• Contact a Home Loans specialist to discuss your home buying plans and borrowing capacity
• Create a budget and save deposit
• Choose a home loan and apply for pre-approval
• Research property market and neighbourhoods and download our Free Open Market report
• Finalise property must-haves
• Start house hunt
• Lawyer / conveyancer to review contract
• Get a building inspection
• Make offer or bid at auction
• Sign contract and pay deposit
• Arrange insurance
• Process First Home Owner Grant
• Complete settlement and move in

A.

• Private treaty – When a seller, or homeowner, sets a price for their property and their real estate agent negotiates with potential buyers individually to reach a sale as close to that price as possible.
• Auction – A public sale conducted by a licenced auctioneer. Properties are offered up for bid and if the reserve price is reached the property is sold to the highest bidder.
• Tender and Expression of Interest are procedures in which you make a single bid, which is normally followed by a 5% or 10% deposit, and the vendor accepts or rejects it.

A. You do not need a pest inspection, but it is recommended that you get one to ensure that the property you are purchasing has no major issues, as this could save you a lot of money in the future.

A. Closing (also referred to as completion or settlement) is the final step in executing a real estate transaction. The closing date is set during the negotiation phase, and is usually several weeks after the offer is formally accepted. On the closing date, the ownership of the property is transferred to the buyer.