First Home Buyers Journey

Are you considering buying your first home?

Understanding where you should start can be challenging.

To help assist you, I have created a step-by-step guide on the entire first home-buying process.

Step 01: Considering Buying

Are you ready to embark on your first home buying journey? Let’s explore how you can start the process and make your dreams of home ownership come true!

Step 02: Understanding Your Budget

When considering first-home ownership, it’s important to have a clearly defined budget.

Your budget will establish what options are potentially available to you.

Step 03: Engaging with a mortgage broker

Having professional guidance is invaluable in your journey.

Good news – If you’re considering buying your first home, engaging with us is usually free of charge.

Step 04: Application Meeting

It’s now time to submit your application for pre-approval.

At this stage, you will be required to submit all your information, such as income, bank statements etc. typically dating back 3 months.

Step 05: Pre-approval

Getting pre-approved for a home loan helps you determine how much you can afford and strengthens your offer when buying a home.

Step 06: Finding a Property

Searching for your dream home can be a fun process, but there are a few important details to consider.

Step 07: Understanding the different property types

Understanding the different types of property ownership is crucial as they each come with different rights, restrictions, and conditions.

Having a lawyer review the title before you go unconditional, can help you understand what it means for you.

Step 08: Doing your due diligence

Signing on the dotted line to buy your first home is exciting, but it’s important to protect yourself first.

Meth tests, building reports, and moisture readings can help prevent you from making a costly mistake.

Step 09: Going Unconditional

Going unconditional is a big commitment, there’s no backing out now.

Make sure you have the go ahead from the bank and your due diligence has all checked out first.

If something doesn’t work out, STOP, and get advice.

Otherwise, it’s time to celebrate committing to buy your first home!

Step 10: Preparing for settlement

When it comes to structuring your first mortgage, there are a lot of different options.

Talking with a mortgage advisor can help you determine the structure that best works for you and your circumstances.

Step 11: Final Stage of Settlement

If you’ve confirmed the structure of your mortgage, you’re only a few steps away from officially owning your first home!

It’s time to get your finances and house insurance ready for settlement.

Step 12: Last Step

The last step in the house buying process is to arrange to inspect the property and check it is in the same condition as when the agreement was signed.

Already settled?

It’s time to go get the keys, celebrate, and move into your first home!