Buying First Home

Tips for First Time Home Buyers in Melbourne

With big money and legal intricacies involved, investing in property can be a daunting task for first-time home buyers. From carrying out market research to arrive at the right property and locality, to arranging for mortgage and going through the process of conveyancing and settlements, buyers are required to make a hundred right decisions along the way to be able to find a home of their dreams. At Compare Conveyancing Melbourne, we understand the pressures of first-time property investments and are committed to assisting our clients in every step of the property transaction process to make the experience hassle-free. The following tips can on home buying in Melbourne are designed to help our clients make informed choices:

Financial Planning

This is the first and the most crucial step in buying a property. Since, it is a big investment, you will most likely need to consolidate funds from every possible source you can lay your hands on - your own savings, bank mortgages and even the government-sponsored first homebuyers grants (FHBG). The last two involves exhaustive, sometimes taxing, procedures full of paperwork. Experts at Compare Conveyancing Melbourne are trained to assist clients in procuring the right amount of mortgage, besides the recently launched FHBG, at the lowest possible rates.

Making an Offer

Having found your dream home and arranged the requisite finances, you may want to proceed with making an offer on the property. This means you’ll actually be putting a price on the property you are going to buy, and, therefore, it is important to rule out any hidden costs or legal quagmires at this stage. Our team of experts helps clients with nuances such as drawing up contracts, obtaining a final price, checking ownership and property titles and securing tax exemptions if possible.

Conveyancing

A lot of times, first time buyers tend to focus all their attention on finding the perfect home and securing finances for it. However, the conveyancing process is an extremely crucial clog in the property transaction process. Since, this step is full of legal complexities, it is best to leave it to the experts. Compare Conveyancing Melbourne are committed to managing the entire legal procedure, including handling legal documents and preparing contracts for the transfer of ownership. We also attend meeting with the vendors and their representative on behalf of our clients and closely examine the contract to make sure you are not in for any unpleasant surprises.

Taking Possession

Once the conveyancing phase is over, there is typically a lull of about 42 days until the final phase of the settlement begins. It is best to use this time in obtaining requisite licenses, making adjustments with the vendor, completing financial settlement, and carrying out a final inspection of the property. Our real estate services are designed to see buyers through the entire buying process, and hence, our team of experts will assist you with all the necessary documentation for the final lap of your property buying process.

With Compare Conveyancing Melbourne services at your disposal, you can be sure of getting the best deal for your hard-earned money without having to cough up an exorbitant fee.

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