Australia Property Buyer’s guide
Thinking about buying a propert in sydney? Well.. i suggest you to read this tips first.
-Shop around for a mortgage, but consider more than just interest rates. Redraw facilities and the ability to make extra repayments can save money.
-Find out if you are eligible for the Government’s $7,000 First Home Owner Grant by visiting www.firsthome.gov.au
-Obtain details of recent sales in your chosen suburb from the Home Price Guide by visiting domain.com.au or call 1800 817 616.
-Find an agent (or agents) based in the area you wish to buy. They will know the market best.
-Attend as many open inspections and auctions as you can to familiarise yourself with different types of properties and their sale prices.
-Once interested in a property ask for a contract and refer it to your solicitor or conveyancer to check special conditions or encumbrances. Conduct at least two inspections at different times to check on noise and traffic. Also, get details of council and water rates.
-Once you have submitted an offer you can pay a non-binding holding deposit as evidence of good faith. The balance of the 10 per cent deposit is payable on exchange of contracts.
-Contact your legal adviser to go over the contract in detail. Organise a building inspection and pest report, and a survey report if necessary. Advise your lender of the purchase. Building insurance should also be arranged.
-Confirm a completion time for the contracts and book a removalist.
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