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Visit mortgage consultants to discuss your financials, goals and strategies.
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Find a solicitor for settlement
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Consult with an accountant about the right structure or purchasing entity for you
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List your personal rules and criteria for your property. Search via newspapers, website, real estate agents or buyers agents
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Buy historical purchase property reports. Eg www.homepriceguide.com.au or www.rpdata.com.au
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Analyse the property financials
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Ask for a copy of Sales & Purchase Agreement from real estate agent. Review, the contract with the solicitor
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Negotiate the price with any special conditions
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Pay 0.25% deposit, with subject to clauses. This will give you 5 days cooling off period
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Arrange building/pest inspection or Strata Report
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Obtain a written market rental assessment from agent (Investment only)
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Obtain the finance for your property purchase
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Once finance and any other conditions are met, ie Final Approved
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Pay 5-10% deposit (contract is exchanged)
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Arrange Home and/or land lords insurance
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Review life & income protection insurance
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Sign Loan documents
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Inspect property before settlement
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Settle and take possession (keys from agent)
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Arrange a chattel valuation for depreciation purposes. (Investment only).
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Arrange utility connections and move in.
