Buying a Property

Buying a home is all about research, searching good comparisons, going to open inspections, common sense, a little hard work and the ability to negotiate well. The better the research, that you have done, the more knowledge you will accumulate.

Knowledge will give you confidence. When you understand what a property is worth to you, you can confidently negotiate knowing you have done your homework.

Research

In-depth research can make all the difference when it comes to purchasing a property. If you know the area you would like to live in (and it’s within your budget), look at recent sale price history and the suburb profiles. Have a chat with one of our Weston Properties agents who are actively selling in the area and have access to property data.

Other things to keep in mind when researching include:

  • Type of Property (Strata | Community Title | Torrens Title)
  • The lifestyle it offers
  • School zoning
  • Future building plans (check the SA Property and Planning Atlas – https://sappa.plan.sa.gov.au/)
  • Transport
  • Access to amenities

By taking your time and doing the necessary research, you’ll be far better off and confident with your purchase.

Property Purchase Costs

Buying a house incurs more than just the cost of the property alone. Don’t forget to budget for:

  • Stamp Duty
  • Mortgage registration fee
  • Council rates (possible Strata or Community Title fee’s if not a Torrens Title Property)
  • Lenders Mortgage Insurance (if you’re borrowing more than 80% of the value of the property)
  • Home and Contents Insurance
  • Loan Fees
  • Conveyancing Fees
  • Building and pest inspections

Work With Experts

Buying a home is often the biggest purchase you’ll make in your life, so it’s vital that you get it right. That’s why it makes sense to surround yourself with experts. Use an experienced building and pest inspector to assess a home, engage a mortgage broker to prepare finance pre-approvals, and engage a conveyancer who can look at all the legalities of buying.
Local agents in the area can give thorough advice on what a suburb is like and the growth its experiencing.

Find Out The Value Of Your Property