Buying Advice
Buying Advice
Considerations when buying a home
When seriously considering purchasing a property, it’s essential to research and plan carefully to find the most appropriate finance and ensure the process suits your needs.
- Shop around for Finance & Interest Rates:
Ensure you’re comfortable with the financial advisor you’re working with. Understand how quickly finance can be approved in writing and the steps involved in expediting the process.
- Lifestyle and Financial Decisions:
Create a list of preferred areas based on your lifestyle, affordability, and accommodation requirements.
- Recent Sales:
Stay informed on recent sales through our website or by signing up for our sold alerts. Inspect properties in your preferred price range to gain a clear understanding of the market and comparable prices.
- You and Your Agent:
Build a relationship with a Burke & Smyth Sales Agent. They can provide advice, alert you to VIP inspections, and share listings before they hit the market. Register for our automatic alerts on our Property Alert Sign-Up Page.
- Submitting an Offer:
Once you’ve found a suitable property and secured finance, you can submit a conditional or unconditional offer to your agent. Remember, all offers in NSW must be submitted to owners by law.
- Building and Pest Inspection:
Arrange a building and pest inspection to identify any major defects or concerns, such as termites. At Burke & Smyth, we can assist with organizing these inspections.
- Solicitors and Conveyancers:
Once your solicitor or conveyancer has reviewed the sale contract and inspection reports, you’ll be ready to sign the contract and pay a 10% deposit. Your deposit is held in trust until settlement. Expedite this process to secure the property, as other offers can still be submitted until exchange.
- Auction:
If you plan to bid at an auction, review the Office of Fair Trading's "Bidder's Guide" beforehand to understand the process.
- Settlement Day:
Your solicitor or conveyancer may recommend a pre-settlement inspection to confirm the property is in the same condition as when you last viewed it and that all inclusions match the contract.
