RESEARCH

8 STEPS TO BUYING PROPERTY

Are you looking to buy a house? Perhaps you are looking to buy a unit or townhouse? Whatever property you are buying, if this is your first time doing so; make sure you are equipped with the knowledge and skill set to make the right decisions. After all, buying a house or any other property isn't something you can undo so easily.

Buying a property involves much more than an everyday transaction. Not only does it entail significant financial decisions, but also important legal aspects.

Following is a fundamental guide to the 8 steps involved in buying a property.

  1. Determine Borrowing Power
  2. Research the Market
  3. Inspecting a Property
  4. Clarify Inclusions
  5. Decide on a Price to Offer
  6. Make an Offer
  7. Conveyancing
  8. Settlement

The REIQ strongly recommends the use of a qualified conveyancer before undertaking the purchase of any property.

Use the above links to jump to a particular section or click through to view the first step to buying property: Money