Buying a property can be a lot of fun for some and highly stressful for others. They key is to be prepared and to do your homework.
First step is to have your finances organised. We work with Nicole Cannon, a financial planner from Loans Leases and Lifestyles who will guide you in choosing the best loan to suit your needs.
Research the area you intend to buy in; scout the metropolitan and local papers and browse the real estate internet sites. Understand the market value of your area of interest and its recent market trends; it won't hurt to attend a few auctions, not only will it provide you with a snap shot of the current market value but it will make you more aware of the auction process.
When you have chosen a selection of properties to inspect, get to know the agents and understand the sale situation of each. After you select your property, make sure you have a solicitor or conveyancer to oversee the contract. Cordeau Marshall has a number of solicitors and conveyancers they can recommend. You may be advised to conduct a pest and building inspection, this will allow you to make an informed decision before you sign a contract of sale or attend an auction.
Once contracts are exchanged, congratulations, it is time for a celebration.