|Complete the Purchase|
Before you start buying, find a solicitor or conveyancer to help you with conveyancing. Conveyancing is the process where a property is transferred from one party to another.
Understand the process
There are 3 main ways to buy a property in Australia.
Ask for the Contract of sale
Before making an offer ask the real estate agent for a copy of the Contract of Sale and have your solicitor or conveyancer review the document to
Make the Bid/Offer
Once you feel comfortable with the contact you can go on to make an offer or bid at the auction.
Sign the contracts
When you win the auction or have your offer accepted, you and the seller will sign a copy of the contract of sale.
Finalise the Settlement
Send the Contract to the bank for formal approval of the Mortgage. Upon formally accepting and settling the mortgage you will receive the funds and your first home loan repayment will usually be required in one month.
After a Final Inspection ask your solicitor or conveyancer to complete the settlement.