Buying a house can be a stressful experience. As a buyer, many questions may surface. How are you meant to know what hidden costs are involved? What area is the best? What is the current market like and how much should I offer? These are just some of the frequent questions we get asked at Great Ocean Realty, so we have come up some tips to help you stress less and make the best decision.

Buying Tips

  1. Have a chat to your bank and mortgage broker about getting a pre-approval. Having a pre-approved loan will mean that you can put down an offer when the perfect property arises.

  2. On the other hand, if your buying as an investment, talk to your accountant about setting up a trust fund, to buy your property with. This will ensure that your assets are protected and advantage you with tax benefits.

  3. Ask yourself, what is truly important to you when it comes to buying a property? Is it the size of the property? Are you looking for a modern or classic home? Do you need to be in a school zone? Write a list and narrow it down to a top five.

  4. Register with us as a VIP buyer to receive our latest new listings.

  5. Contact our professional sales consultants and let us know what you want. Once a property that suits all your requirements comes to our attention, you will be the first one that we contact. Often our buyers purchase properties that never went to market.

  6. Lawyers are your friend! Make sure you liaise with them before signing documents to ensure that you are protected.

  7. Get a building and pest report done before you sign the contract. This can save you many issues in the future.

  8. If you are currently renting, either try to get the settlement date around when your lease ends or look into breaking your lease earlier. Be aware, breaking a lease may incur a fine.