Buying Information

Buying a property is an exciting time in most people’s lives; a time when you are entering a new phase of your life and making new plans.

At Point Cook Real Estate we understand that this can also be a stressful time for buyers who do not undertake such a transaction very often. In fact, this may be your first time.

To assist you with the buying process we have established a check-list below. We deal with purchasers every day and, from our experience, this list will help you through the steps that you will need to take from the time you commence viewing homes to actually buying your dream property.

How much can you afford?

Speak with your Bank or financier to determine your price range. Your financier will take into account your deposit, your income and your employment to work out how much a lender will allow you to borrow. That will determine the limit on what price you can pay for a property.

Where do I look for a property?

There will be many factors in determining where you want to live. Certainly price will be a factor as well as where family and friends live, access to your work and your other family activities and proximity to schools, shopping centres and transport.

As a general rule, property closer to the City will be more expensive and prices will gradually reduce as you move further out of town.

How do I start researching properties?

At the start you need to view a range of properties to get a feel for the type and size of property you will be able to buy in your price range. Generally, properties for sale will be Open for Inspection on weekends, and if not, you will be able to make an appointment to view.

We have a My Property Alerts facility on this web site where you can register to be advised of any property that comes onto the market for sale in your price range. This will give you an “early warning” and saves you having to be constantly checking on new properties. Click here to register for My Property Alerts.

After viewing a number of properties you will gain a better understanding of what is available in your chosen suburb and in your price range.

Where can I go for advice?

You will get advice from family and friends but the best advice will be from property professionals. Our team of Sales Consultants has worked in this area for many years and are assisting buyers and sellers every day.

It is sensible to discuss your buying requirements with one of our team. If you are just relying on what is advertised you may miss some good properties. There are times when properties for sale are not actually advertised because one of our Sales Consultants already has a buyer or the vendor has requested an ‘off market’ sale. Once we know the type of property you are seeking and your price range we can be looking out for suitable properties that match your criteria.

Consumer Affairs Victoria www.consumer.vic.gov.au and the Real Estate Institute of Victoria www.reiv.com.au are both good sources of general advice on purchasing property. CAV has published a checklist which contains important information you need to know before buying residential property which you can download from www.consumer.vic.gov.au/duediligencechecklist