home buyers checklist

Before you find a property:

Arrange pre-approval for a home loan so that you know your price range and are in a position to make an offer on
a property.
Determine whether you are eligible for the government‛s First Home Owners Grant and/or stamp duty exemptions
(1 st Street can assist you with these claims).
Find a solicitor or conveyancer who specialises in property purchases.

When you find a property:

A personal cheque is required for the deposit to purchase at auction or private sale.
Have a solicitor check over the purchase contract to ensure all is satisfactory prior to purchasing.
Your solicitor will negotiate terms of the sale contract (settlement period, deposit, inclusions etc). Try to
negotiate a 5% deposit rather than standard 10% if possible on exchange of contracts (to minimise the
required funds).
A building report is recommended to determine if there are any structural problems with the property.
A general pest inspection is recommended if purchasing a house.
A strata report is recommended if purchasing a unit to give a breakdown of previous and proposed building
expenses.
Standard settlement is 42 days. During this time the banks and solicitors arrange for the property to be transferred into your name.
Arrange home and contents insurance prior to moving in.

After you move in:

1st Street will review your home loan annually to ensure that you have the most suitable and effective home loan.