Looking to buy a home? Albert Van Zetten has a chat with Steve McCann, Principal of Ray White Launceston and Barry Sproal of Sproal and Associates to get some real estate and conveyancing advice from the experts.

Buying a first home, a second home or maybe an investment property? The process doesn't have to be daunting. Read on for some handy tips that everyone should know when looking to buy.

MAKE THE PROCESS SMOOTH

1. Don’t rush into it

Take your time looking around and researching exactly what you’re looking for, so that when the right house pops up for sale you can jump on it! Spend some time exploring the current property market so that you have an idea of where you would like to buy and also the features you need in a home.

2. Know what you can afford

This is one of the most important things! If you meet with a broker prior to looking at homes to purchase you put yourself in a strong and comfortable position when negotiating.

3. Understand the process

Do a bit of research whether it is asking friends and family, looking online or speaking to your agent, solicitor or broker. It will make the buying process much easier.

- Ray White Launceston

"...GETTING ORGANISED FIRST PUTS YOU IN STRONG POSITION TO BE ABLE TO NEGOTIATE."

Top five conveyancing tips when purchasing property

  1. Get an understanding of the market before you commence negotiations. Do as much research on sales in the area as you can and speak to others.

  2. Talk to your bank or finance broker before you sign a contract or make an offer, to find out how much you can borrow and how long the process will take.

  3. Have a friendly builder or a professional property inspector carry out an inspection of the property before you make an offer or sign a contract. It is best to know what defects you may need to deal with before you commit.

  4. Don’t sign an offer, which may be a final contract, without first discussing the terms with your lawyer to ensure that you are protected.

  5. Carry out an inspection of the property before you complete the purchase to ensure that all items not included in the sale have been removed and that there has been no damage caused to the property since you signed the contract. You should also check that the taps, toilet, stove and heat pump are all working properly.

- Sproal & Associates

"...CHECK THE CONTRACT... MAKE SURE THE CONDITIONS IN THE CONTRACT SUCH AS FINANCE, SELLING OF PROPERTY AND THE COMPLETION DATE SUIT YOU."

Special thanks to:

Ray White Launceston, 189 Charles Street

Sproal & Associates, 71 St John Street

Albert van Zetten, Mayor of Launceston

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