- Make sure you get a list of all the recent sales in the suburb you are buying. Make sure you do thorough research as to what properties are currently selling for in your marketplace.
- If your property of interest is near a school - find out what the traffic is like during school hours
- Make sure you have your loan approved before you go shopping for a property. A pre-approved loan means you can make quick decisions when required. Tell the Agent you have pre approval when you negotiate, this means you are serious about buying and the Agent will put you near the top of the list.
- Check for any heritage listing - Have a look at the Section 149 Certificate contained in the draft contract.
- Visit the Council to make enquiries about any property of interest - Are there any outstanding issues or notices against the property?
- Talk to your Solicitor well before you start shopping for a property. Let him know that you are in the market to buy and to keep a look out for any draft contracts. Make sure you have the email and necessary contact details of your Solicitor at hand to provide to the Agent when needed.
- If a strata property - order a Strata Report. Also ask the Agent whether he is aware of any special levies? See if you can obtain a copy of the minutes of the last AGM of the Body Corporate.
- If you see any nearby neighbours outside their property, ask them what they think of the surroundings? You might get some valuable info.
- Have you considered a Deposit Bond?
- Check the Strata By Laws - If you want, can you keep pets on the strata lot?
- Check that Appliances work - Oven, cooktop, grill, hot water etc
- Is there Housing Commission properties nearby?
These are just a few tips and issues you should consider when buying property. By no means is the above a definitive list. You should consult your Solicitor before signing any contract.
Comments by Dean Carver
Solicitor and Real Estate Strategist
