16
Oct

The ten steps to buying property in NSW – new ebook.

The property slump went almost as soon as it came. Whilst it may be a good time to consider buying property in NSW, it certainly is not a process to rush. Lawpoint’s new 10 steps to buying property in NSW is essential reading for first home buyers or property novices. It breaks down the steps required to make a smart purchase and protect what is likely to be your largest investment. We made this home buyer’s checklist NSW specific as some steps may differ in other States.

Buying is a big step, but not the only one.

There are four steps that come before you buy a property and five that follow  and of course appointing a lawyer is one of them. Step two, to be precise. If you don’t already have one, finding a lawyer that is right for you can take time. For many people, the first property purchase is also the first time they’ve ever needed a lawyer, so it’s important to take the time to find best one for you.

What are the steps to buying a property in NSW?

  1. Get loan pre-approval from a bank and remember it’s no guarantee
  2. Appoint a lawyer
  3. Due diligence (This is where lawyers play a crucial role)
  4. Pest/building and strata reports
  5. Negotiate price and terms
  6. Cooling off period
  7. Stamp duty
  8. The stage between exchange and settlement
  9. Preparing for settlement
  10. Settlement

When step ten goes well, it’s certainly cause for celebration. Not only are you now a property owner, you’re also officially in a long-term relationship with your partner, the bank!

Download 10 steps to buying property now for the full guide.