Congratulations on deciding to purchase a new home. Buying a home is often the biggest financial decision in one’s life, so understanding the process and completing your due diligence is crucial to ensure you buy correctly. We have some valuable tips to help you make smart decisions.
Have a clear understanding of what you are looking for in a property. We suggest you prioritise a list into needs and wants and ensure the property you buy is within your budget. Now comes the big task of finding a home that matches your needs and budget.
Buying The Right Property
- Ask yourself the question, why am I buying this property?
- If you intend living in the property does it suit your needs?
- Is the garden the right size?
- Are there enough bedrooms for the whole family? Capacity to extend?
- Indoor and outdoor living areas?
- Is it close to school for the children?
Identify what’s crucial and ensure the home has these features.
Do Your Research First
By researching the real estate market in an area, you will be much better informed on property values. Ask Bailey Devine Real Estate to show you some similar properties which have sold in the area recently.
In choosing the right location there are some major factors to consider such as distance to your workplace, children’s schools and recreational facilities.
Organise Your Finance In Advance
Ensuring you have the capacity to purchase is critical. Prior to negotiating any contracts to purchase ask Bailey Devine’s mortgage broker for assistance. This way you will know how much you’ll be able to borrow and what your repayments will be. Loan conditional approval and pre-approval is a big advantage when negotiating an offer with the owners.
Pre Purchase Reports
Building inspection and pest inspection reports are crucial when purchasing a property. They will help ensure you don’t end up with unknown problems which could cost you thousands down the track.
Making An Offer
When you have found the property that you would like to buy, the next step is to place an offer. This offer includes the price that you are willing to pay, your finance clauses and any special conditions or reports you would like completed. Placing an offer may not secure the property however it shows the owner that you are serious about purchasing. Then the negotiations begin. Our Bailey Devine sales agent will guide you through the whole process to ensure a successful outcome is achieved.
Moving To A New House
Moving can be a very stressful time in your life. To ensure everything runs as smoothly as possible we have listed below a few key points to consider the crucial weeks before the big move.
Four Weeks Before Your Move
- Organise a removalist – ask friends or relatives for recommendations.
- If necessary, book time off work.
- Collect moving materials such as boxes, packing tape, rope, newspapers (for wrapping) and marking pens.
Two Weeks Before Your Move
- Start packing non-essential items and clothing – list the items packed on the outside of the box.
- Contact your utility companies and communication providers.
- Arrange for disconnection and reconnection of telephone, internet, Foxtel etc services at your new address.
- Update insurance policies
- Make a list of the items you want the removalist to move and any items you’ll be moving yourself.
- If you have pets, organise care for them during moving day and transport arrangements for your fury friends.
- Arrange redirection of mail with Australia Post.
- Empty your freezer and pantry (look at donating all food that you will not be able to eat or take with you).
- Start cleaning your home.
One Week Before Your Move
- Arrange for all outstanding bills to be paid.
- Cancel services such as mowing service, newspapers and other home delivery services.
- Put important documents such as passports, driver’s licences in a safe place.
- Finish packing – make sure all boxes are correctly labelled with contents and rooms.
On Moving Day
- Make sure the house is sparkly clean.
- Disconnect remaining appliances.
- Do one final check of your house.
- Stay home until the last item is packed and do one final check over to ensure all your goods are loaded and ready to go.
- Close and lock all the doors and windows.
- Make sure you have the keys to your new home with you.
- Carry valuables, personal items and important papers with you so they don’t get lost.
- Pack a starter kit for the first hours in your new home – include tea / coffee, kettle, mugs, teaspoons, water bottle, etc.
At Your New Home
- Check all items during unloading and unpacking – look for any damaged or missing items.
- Check the utilities have been switched on.
- Start with essentials such as making the beds and cleaning the kitchen for use.
- Find out when your garbage and recycling collection day is by contacting the city council.
- Check out your local parks, shops, sports centres and swimming pools.
- Get your pets familiarised to the new area as quickly as possible so they don’t try to find their old place.
- Apply for an updated driver’s licence.