Ready to buy a home? We’ve got you covered with this easy-to-follow guide to help make the process seamless.
1. Get Your Finances Sorted
- Know your budget: Review your income, debts, and credit score to understand your borrowing power.
- Pre-approval: Secure pre-approval to confidently search within your price range.
- Save for a deposit: Aim for 20%, though smaller deposits are possible.
- At Kaz Conveyancing we can help you negotiate paying a 5% deposit.
- Account for extra costs: Be prepared for stamp duty, legal fees, and more.
2. Research the Market
- Define your needs: Narrow down the type of property, size, and features.
- Pick locations: Choose suburbs based on lifestyle, amenities, and future growth.
- Understand prices: Research recent sales to ensure you’re paying the right price.
3. Start Searching
- Talk to agents: Local real estate agents can help you find the perfect home.
- Use online tools: Property websites offer advanced search filters.
- Inspect properties: Attend inspections to assess potential homes.
4. Make Your Offer
- Private Sale: Negotiate directly with the agent and exchange contracts when ready.
- Auction: Bid within your budget—if you’re the highest bidder, it’s yours.
- If you are going to auction ensure Kaz Conveyancing has completed your contract review and contract amendments prior.
5. Hire a Solicitor:
- Kaz Conveyancing have a fantastic team of solicitors to assist you – email [email protected] to get started.
6. Building & Pest Inspections
- Inspect thoroughly: Engage professionals to check for structural or pest issues.
7. Contract Negotiations
Aside from Price, Kaz Conveyancing will assist you to negotiate the terms of your contract.
We will suggest amendments to your contract that will make it more legally favourable to you.
- Discuss terms: Finalize settlement date and any conditions like repairs.
- Contract exchange: Kaz Conveyancing will assist you to exchange contract. Either in person with your agent or using digital platforms such as Docusign.
- Once the contract is exchanged it is legally binding.
8. Prepare for Settlement
- Finalize your loan: Ensure everything is in place with your lender.
- Cover extra costs: Organize the deposit, stamp duty, and other payments.
- You solicitor at Kaz Conveyancing will guide you through this step. They will provide you with all necessary documents.
- If you are eligible for First Home Buyer’s Assistance they will assist you to get your stamp duty waived.
9. Settlement Day
- Electronic process: Your solicitor finalizes the transaction through an online settlement platform Pexa.
- Get the keys: Once everything is complete, you can collect your keys!
Kaz Conveyancing ensures a smooth, stress-free process, from start to finish. Get in touch today to make your home purchase easier than ever!