Found your dream home to buy and wondering what happens next?

After endless hours of inspections, countless Saturdays spent viewing open homes, you have finally found your dream home to buy. Congratulations.

If you are wondering what happens when you find a home to buy and want to secure the property, this video will outline the next steps that are involved to allow you to move closer to owning your new property.

If you are looking for a property to buy, request to be added to our open home alert 

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Make an offer on a property

It’s really important to talk to the agent to make sure that you let them know that you are interested in the home. There is no reason why you should not be able to offer on the house, even if it’s an auction property. A simple statement of “Would the owners be open to an offer beforehand?” will be accepted by most agents. Feel comfortable and confident about the fact that you are able to put an offer in.

Contact your solicitor

Once you have agreed on a price, the next phase is arranging for the contract to be reviewed. Ask the agent to provide you with the contract, and have it reviewed by your solicitor or conveyancer. If you do not have a solicitor or conveyancer, ask a family member for a referral, or even the agent should be able to recommend someone.

Advise your finance provider

You should let your mortgage broker or bank know that you have found your dream home, and that you want to proceed. They will arrange for a valuer to inspect the property,  depending on your equity. If you have a high level of equity, then the valuer may not need to go and look at it. If you are sort of quite high with your lending ratio, then they would normally go and inspect the property.

Pest and Building Report

If one hasn’t been done already, then you would want to make sure that you arrange for a Pest and Building Report to be completed. This report will make sure the house is structurally sound, and that there are not any active termites.

Sign and exchange your contract

Once you have completed all this, you are ready to sign your contract and exchange. Settlement will usually occur 42 days after exchange, which is when you will be able to collect the keys to your new dream home. Congratulations!

If you are looking for a property to buy, request to be added to our open home alert 

YES, ADD ME TO YOUR OPEN HOME ALERT

So that's what happens when you find a home to buy. I hope that has helped you today, but if you have any questions whatsoever I’d love to talk to you. My number is 0426 264 771 and I look forward to talking to you soon.

If you have any family or friends that might benefit from real estate guidance, please feel free to pass on my details or share this link. I’d love to be able to help.