Organise your finance pre-approval (based on your income) before you look.
Find the house you want and negotiate the price with the Real Estate Agent.
Before you sign and exchange contracts you will need to make sure you get legal advice, arrange a pest, building or strata report and arrange Final Finance approval (based on the valuation of this property) from your lender.
Alternatively you can exchange contracts with a "Cooling-Off Period" if you want to take the property off the market while you arrange a solicitor, reports and Finance.
If you are a first home buyer you can get your financier to organise the first home grant while your solicitor organises the stamp duty exemption.
When your finance is approved you need to pay the deposit or get a deposit bond from your financier to exchange or before the cooling off period expires. Buy ebook
Organise your insurance for the new property noting your financier as mortgagee.
When your loan documents arrive sign them straight away to avoid late settlement penalties.
Your solicitor will tell you how to make any cheques out from you before settlement or you may be able to arrange for your balance to be paid through your financier on settlement.
Full details on the process are available in our conveyancing ebook called "Conveyancing Made Easy - What to do when Buying Real Estate".
To calculate Stamp duty use the link below.
To order Pre Purchase Inspections you can Email the Property, Agent, Solicitor and Your details through the Inspectors email links below.