![]() You should pass this contract on to your conveyancer or solicitor for them to review and make sure there are no serious issues or important items missing which would prevent you from purchasing the property. This contract is a legal document which formally identifies the property being sold and will include a number of important documents pertaining to the property. ![]() When you decide to place an offer on a property, you need to request the agent to give you a copy of the the sale contract for that property. Let’s look at what’s involved and how you can make this less stressful. This is truly an exciting time! But the third step in the process - putting in an offer for the property you love - can be daunting. So you’ve done your research, looked through dozens of properties and you’ve found the one. Buying a House in NSW: Step 3 - Submitting an offer This allows you to rule out any serious issues, ensure the property meets your requirements and that you love it! Another option available to you is to organise for a building inspection report which is a building inspection completed by a professional who is trained to assess the condition of the property. It’s really crucial before buying a house in NSW, that you inspect it. Once you have your shortlist either email or call the listing agent to organise your inspection. Additionally, you can give us a call or send us an email to discuss your property requirements - we are here to help. MMJ also allows you to save properties you are interested in inspecting via our add to shortlist function which is a handy feature when it comes to contacting agents or showing significant others. Search property for sale with MMJ Real Estate or subscribe to the Property Alerts eService and have listings sent straight to your inbox. Once you have an idea of the kind of home you are looking for and the area you want to live in - enter this data along with the price criteria into a real estate listing site. How many bedrooms, bathrooms, car spaces do I require?.What kind of property do I want to buy? House, apartment, townhouse, unit - there are quite a few options.But NSW is a big state - are there particular regions or suburbs you are interested in? Location: Obviously if you are reading this article you are interested in buying a house in NSW.Some key considerations at this stage include: It’s time for the fun part - searching for your dream home! So, now you know how much you can borrow and are confident you can make the repayments for this loan. Buying a House in NSW: Step 2 - Search for and inspect properties Or worse yet, actually buy the house only to realise you can’t make the repayments. This first step is quite important - you don’t want to find a house, fall in love with it and then realise it’s out of your price range. Once you know what you can borrow, calculate what the repayments would be for this amount to be certain you can make the repayments - the amount you can borrow may not necessarily be within your means to repay! The Department of Fair Trading has an excellent article which explains the range of finance options available to you. Of course most people don’t have this kind of money lying around! Before you start searching around for your dream home, it would be wise to get in touch with a range of banks and lending institutes to ascertain how much you are eligible to borrow. Buying a House in NSW: Step 1 - Organise your financeīefore you can purchase a home, you’ll need to organise finance.Īccording to Corelogic's Home Value Index, in Jul 2020 the average price of a home in NSW (Sydney) was recorded as being $1,122,000. We’ll describe each of these steps in more detail in the sections below. Negotiate contracts and place a deposit.Organise legalities (solicitor or conveyancer).In a nutshell - there are roughly 5 crucial steps to buying a house in NSW: We’ve put together this helpful guide to buying a house in NSW which will guide you through the process step by step. Relax, because MMJ Real Estate are here to help. ![]() So you’ve decided to buy a house in NSW - congratulations! But if this is your first home purchase, or it’s been many years since you have bought a house or you’ve previously purchased in another state you might be feeling a bit overwhelmed and not sure where to start. We take you through the process step by step and provide you helpful tips along the way… What are the major steps for buying a house in NSW? Buying a House in NSW might feel daunting, but it doesn’t need to be.
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