How the hell does one buy a house? LANE?!?

Dec 03, 2006 19:30

We are first home buyers (hopefully) and I would love some advice from anyone who has some more experience ( Read more... )

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Comments 4

mindscribble December 3 2006, 10:15:28 UTC
Well, deciding on which house to buy definitely helps. :) We had a pretty easy time deciding because the one we found just felt absolutely right for us, and had pretty much everything we could want other than an ocean view ( ... )

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mindscribble December 3 2006, 10:28:22 UTC
Uh... that was really long. Oops!

This page looks like it might have some useful information about choosing a home: http://www.greenhouse.gov.au/yourhome/consumer/cg5.htm

I was trying to find info about the home buying process in Australia but haven't had much luck. If you have any doubts, it's probably best to go ahead and speak with a solicitor that deals with property purchases. :)

Very excited for you! Good luck, and keep us posted. Can't wait to see your new blog.

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girlwhowaits December 15 2006, 02:15:34 UTC
The upside about property buying in Aus is all you need is a REA and a good settlement agent to conclude the sale. Some places even have "one-stop" shopping - they're REA and settlement agents rolled into 1 ;)

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girlwhowaits December 15 2006, 02:13:24 UTC
House 2 sounds like a better buy in the sense there is space to expand.

It just basically boils down to which house you feel more comfortable in and can see yourself living in there for at least the next 10 years. Also find out how much are the council rates for each house because it usually means extra money to set aside a quarter if you're on a larger plot like house 2.

Also if you're successful in bidding for either house - be prepared to set aside about $200-500 for termite inspection (if the house is made of wood or at least some parts are wood) - this has to be done before the settlement is completed.

So if you're interested in the house, register your interest with the REA handling it so they will know to look out for you at the auction, and also advise you on what paperwork you will require etc and recommend which settlement agent to go through to conclude the sale.

The only downside is stamp duty would be hefty (esp in Vic) but it's not too big a worry.

Good luck!! Jeannie :)

ps: I changed my old journal name to this.

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