As the population of Brisbane keeps increasing, real estate investors are rising to cover the gap. For this reason, buying first home Brisbane won’t be an easy task if you aren’t informed about the whole process. There is no need to hire a middle man if you can do it yourself in simple steps.

The advantage of investing in a home is that your family will have a future to be proud of longer than you can imagine. To avoid mistakes that many millennials make today when buying homes in Brisbane, you should consider following the steps below.

Budget and affordability

We understand you’ve been planning for a long time now, and you’ve finally decided to buy your first house in Brisbane. Well, the first consideration is your budget and the affordability of that house.

While calculating the total cost of the house, you should also factor in the stamp duty of the house, building & pest inspection, and installation of electricity, internet, and gas. With this information, you will be able to find an affordable home within your budget.

Do your research

Sampling out the available houses will not only save you some cash but also ensure you get something worth the listed price. After identifying the best area in Brisbane from which you are planning to buy your first house in Brisbane, research more about it. Attend auctions and open houses, drive around the neighborhood, talk to the locals to determine the average home process in the area.

Reconfirm house upgrades

Don’t pay any amount before confirming the house upgrades. Check if the property has fittings and fixtures such as outdoor posts, kitchen tops, dishwashers, verandah, etc. when you are satisfied, proceed to the next step.

Make an Offer

Before buying your first home in Brisbane, you’ll also need to provide a written offer to the property owner. From this point, you can engage in verbal negotiation and mark it with signatures once you and the homeowner/real estate agents have agreed on the price.

After confirmation, you’ll make a partial deposit, and after seven days, you’ll pay the full deposit agreed upon. Lastly, fill in the Contract of Sale and Disclose to Buyer form.

Property Settlement

Once the contract of sale is accepted and dated, you should make plans for building and pest inspection, home insurance, and hiring a conveyancer to handle remaining paperwork and government searches.

The conveyancer will also ensure the property is in your name and the settlement is made through your bank. But don’t forget to pay for Stamp Duty Transfer. When the settlement is made, you shall have done with the process of buying first home Brisbane, and you can collect the keys. For more information visit our Website