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How to make the best property purchase in 5 steps

Whether you’re buying your first home or you just want to make the process of buying a property a little bit easier, this guide walks you through the process of buying a property step-by-step.

Tip 1: Get a loan pre-approval

Have a chat with a mortgage broker or bank before you go shopping for a new home to ensure you have pre-approval to purchase a new property.

Tip 2: Find the house and make an offer

When you find your new home, make an offer with the agent.

If it’s accepted, the agent will email us sales advice.

Tip 3: Get a conveyancer

We’ll need to know:

Your details
Details of the property
What was negotiated

Then, complete our Buyer Questionnaire.

Tip 4: Book in a Pest and building inspection

This will give you peace of mind on the structure of the property and whether there are termites or not.

Tip 5: Pay the deposit to the real estate agent

This WON’T take the house off the market!

So why pay it?

Exchanging contracts is the only way to stop other offers from being made.

To exchange, you need to have paid a minimum of 0.25% of the purchase price. If you withdraw from the contract during the cooling-off period, you will lose 0.25% of the purchase price.

If you exchange no other offers can be accepted.

Need help?

Buying and selling property can be complex and stressful, but we help make it a little easier.

From contract review through to settlement, you’ll have complete confidence in our capable and trusted legal team. Every step of your transaction is tracked online so that you can see your matter’s progress anywhere, anytime.

We help customers in Newcastle, Maitland, Central Coast and across NSW.

Call us on 02 4018 7555 or get a quote online.