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Property Buying Process

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Stephen Ransley
Stephen Ransley

Understanding the buying process can be daunting. Here is a diagram that makes it clear and simple to follow.

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FORMAL LOAN APPLICATION & APPROVAL LEGAL CHECKS & REQUIREMENTS EXCHANGE OF CONTRACTS PLAN TOMOVE IN CHECK CONDITION OF PROPERTY CHOOSE A PROPERTY START LOOKING INVESTIGATE & ARRANGE PROVISIONAL FINANCE SAVE DEPOSIT PLAN & RESEARCH SETTLEMENTANDMOVE IN © Tyrrells IT Proprietary Limited Ifproperty orcontract unsatisfactory tyrrells.com Buying Process MAKING THEDECISION C H EC KIN G HOW TO BUY AND MOVING IN BU YIN G PREPARING TO BUY C H O O SIN G • PAY REMAINING 90% • URGENT REPAIRS & REDECORATION • REMOVALIST • SERVICES (PHONE, GAS & ELECTRICITY) • 10% DEPOSIT • ALL PRE-CONTRACT ENQUIRIES • NEGOTIATE CONTRACT CONDITIONS & MORTGAGES • LOAN APPROVAL • PROPERTY INSPECTION • TIMBER PEST INSPECTION • STRATA RECORDS INSPECTION (FOR UNITS , TOWNHOUSES) • TALK TO YOUR LOCAL AGENT • SELECT SOLICITOR or CONVEYANCER • SOURCES OF FINANCE • PLAN BUDGETS & SAVING PROGRAM • WHERE, WHAT & WHEN TO BUY • COSTS OF BUYING • SAVING STRATEGIES • HOW TO GET LOAN • INSURANCE (CONTENTS, FIRE & PERIL)

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Property Buying Process

  • 1. FORMAL LOAN APPLICATION & APPROVAL LEGAL CHECKS & REQUIREMENTS EXCHANGE OF CONTRACTS PLAN TOMOVE IN CHECK CONDITION OF PROPERTY CHOOSE A PROPERTY START LOOKING INVESTIGATE & ARRANGE PROVISIONAL FINANCE SAVE DEPOSIT PLAN & RESEARCH SETTLEMENTANDMOVE IN © Tyrrells IT Proprietary Limited Ifproperty orcontract unsatisfactory tyrrells.com Buying Process MAKING THEDECISION C H EC KIN G HOW TO BUY AND MOVING IN BU YIN G PREPARING TO BUY C H O O SIN G • PAY REMAINING 90% • URGENT REPAIRS & REDECORATION • REMOVALIST • SERVICES (PHONE, GAS & ELECTRICITY) • 10% DEPOSIT • ALL PRE-CONTRACT ENQUIRIES • NEGOTIATE CONTRACT CONDITIONS & MORTGAGES • LOAN APPROVAL • PROPERTY INSPECTION • TIMBER PEST INSPECTION • STRATA RECORDS INSPECTION (FOR UNITS , TOWNHOUSES) • TALK TO YOUR LOCAL AGENT • SELECT SOLICITOR or CONVEYANCER • SOURCES OF FINANCE • PLAN BUDGETS & SAVING PROGRAM • WHERE, WHAT & WHEN TO BUY • COSTS OF BUYING • SAVING STRATEGIES • HOW TO GET LOAN • INSURANCE (CONTENTS, FIRE & PERIL)