Choosing the right lender will be the first step, because they can open you up to all the options currently on offer, assess your ability to service a loan, and advise on the best interest rates, and of course your eligibility for the First Home Owners Grant (FHOG).
You can do your own research on the grant by visiting the government website: www.sro.vic.gov.au/fhogapply
Once you find a property you’d like to buy, and you have a loan approval (in principle), this is the time you need a conveyancer as your legal representative, to conduct a pre-purchase review of the contract which includes the “Section 32” which is a document a seller must provide to a buyer, outlining all the details a buyer needs to now about the property. The Real Estate Agent will make these available on request.
Buying that first property will be a stepping stone towards financial stability, independence and security . It will also be the starting block from which you can launch into further property investment, so you need to approach it well armed and well advised.
All Hours Conveyancing can be your guide through this minefield, by dealing with the details and issues that otherwise could be very daunting to anyone new to the experience of buying Real Estate
it’s important to note that no offers should be submitted until this review has been completed and you are aware of all the conditions surrounding the property. This way there will be no nasty surprises.
You need to know if there are any restrictions, like covenants or heritage overlays that may inhibit you from doing renovations or extensions to the property in the future, or even simply adding a pool or carport. Always discuss any plans you may have with your conveyancer so they can be sure to investigate any relevant issues.
Contracts are changing constantly in Victoria so that makes it all the more important than ever to have a pre-purchase review.
You can see there is a lot to know about purchasing property , but that’s where we come in and take that stress off your shoulders.
Just call us and hand over all your worries. We take on the responsibility of dealing with the financial details, the transfer of the property, then taking it all the way through to settlement.
Then all you have to do is collect the keys.
Contact All Hours Conveyancing for professional advice and services that guide you through buying your first home, or get a quote today.