Buying real estate is about the biggest financial commitment and decision you will ever have to make. However, it is also an exciting turning point, one that will almost certainly make the most impact on your lifestyle. For many it will be something never done before. Selecting the right property, in the right area, organising finance and negotiating the sale – it can be a little daunting. Yet it is not as complicated as you may think and there are many ways your First National Real Estate Epping Central agent can help. What kind of home are you looking for? The first step is to decide what kind of home will suit your tastes and lifestyle. Establish family priorities – don’t forget to include the kids in the discussion! Anticipate potential changes in lifestyle: size of family, job changes etc. Consider extracurricular activities and school when choosing your new home. What can you afford? Establish the price range you can afford – even before you start looking at homes, First National Real Estate Epping Central can help by assisting you to determine both your priorities and potential price range. Start hunting! Prepare a short list of preferred suburbs that suit your lifestyle, bearing in mind affordability and accommodation requirements. Research sales in those preferred suburbs. Inspect every property in your preferred suburb so you have a feel for the prices. Attend all open homes in the area. You’ve found it… There are two ways of buying a home – auction or private sale. Offers to purchase may be made in two ways – unconditional (commitment to buy the house as listed at the price agreed) and conditional (you will buy if certain conditions are met, e.g.: a soil test of the property). At auction, make sure you keep your financial limit in mind. Remember, once you have made a bid, it cannot be withdrawn. What happens on settlement day? Typically: •The lender authorises payment of the loan, and payment is made to the vendor; •You (or your solicitor) authorise the vendor to collect the deposit money that has been held by the real estate agent, in trust; •You receive a signed transfer of title deed and your solicitor or bank will arrange for the Registrar •General to register the transfer and the loan; •You pay the stamp duty on the home loan; •You are given the keys and the house is yours!