1/ (Organise your finance first. Make an appointment to see a mortgage broker or your bank. They will be able to advise how much you can borrow and what your repayments will be.)
2/ Now that you have your pre-approval from your lender make a list of everything you?d like in a home. This will be important to refer back to when you?re looking at a lot of properties each weekend.
3/ Engage in the services of a Conveyancer or Solicitor if you know one, or ask the Real Estate agent your buying the property through and they should be able to provide you with some locally. You will need a legal representative once you find the right property and sign a contract.
4/ Do your research and look at as many properties on the websites, in the newspapers and magazines. Attend open homes to get an understanding of the market and what you can buy with your money. You will soon recognise a bargain from an overpriced listing.
5/ There will be other expenses such as Land and Water rates, House and Building insurance, ongoing maintenance costs and even strata levies on some properties so plan your finances accordingly.
6/ Pest and Building Inspections are usually arranged by your legal representative and will cost you a few hundred dollars but are well worthwhile to give you peace of mind and avoid a lot more expense if things go wrong in the future