Have You Checked All the Boxes Before Making an Offer?

Searching for your dream home is an exciting step on the path to home ownership. Looking through properties and planning your next move is all part of the journey — but don't skip these essential checks before making an offer.

Get your finance pre-approved

Before you start seriously looking at properties, get your finance pre-approved. This gives you a clear budget, shows sellers you are a serious buyer and puts you in a stronger negotiating position. A mortgage broker can help you understand your borrowing capacity and find the right loan product.

Research the area thoroughly

Visit the area at different times of day and week. Check noise levels, traffic patterns, proximity to amenities and the general feel of the neighbourhood. Research recent sales in the area to understand fair market value and look into any planned developments that could affect the property's future value.

Arrange inspections

A building and pest inspection is essential before making an offer. These inspections can reveal structural issues, termite damage, plumbing problems and other costly defects that may not be visible to the untrained eye. The cost of an inspection is minimal compared to the potential cost of undiscovered problems.

Review the contract carefully

Have a solicitor or conveyancer review the contract of sale before you sign anything. They can identify any unusual conditions, easements, zoning restrictions or other issues that could affect your purchase. Understanding the contract terms protects you throughout the transaction.

Consider the full cost of ownership

Beyond the purchase price, factor in stamp duty, legal fees, building and pest inspections, moving costs, insurance, council rates, strata levies (if applicable) and any immediate repairs or renovations needed. Having a complete picture of costs ensures you are financially prepared for your purchase.