Buying
Purchasing a home is one of the biggest financial decisions you will make during your lifetime. Managed well, it can be a very rewarding investment over the long term, so it is important to understand your rights and how to exercise them.
It is also important to spend time working out what you need and what you can afford before you commit to purchase.
Whether you purchase a house privately, through an agent or at auction, the thrill of finding the right house, in the right area, at the right price, is something special.
When buying a home:
• be well informed of your rights
• shop around
• be prepared to negotiate
• don't be afraid to ask questions if you are unsure
• don't rush your decision making
• Read everything before you sign anything.
There are a number of things to consider before you set out to buy a Home.
It will help if you know where you want to buy, and what size and Type of home you want.
These factors will affect the price of the home, Which in turn will affect the amount of deposit you will need.
It usually Takes some time to find the right home so this will give you an Opportunity to organise your finances and apply for a loan that you can Afford in the long term, if you need one.
House or unit
• Units are particularly suitable for individuals living alone or for couples without children.
They require little maintenance compared to many houses and are available in most areas. When buying a unit, you should be aware of any strata or community title provisions that may limit alterations or prevent you keeping a pet. Strata and community title arrangements oblige you to take shared responsibility for the maintenance of common areas, such as gardens, roofs, parking areas and so on.
The purchaser of a strata or community title unit will be given information about the strata or Community Corporation as part of the purchasing process.