Property Buying Tips

Steps involved when Buying a Property

There is a lot to think about when buying a property.

Often the process is not as straight forward as you may think. Property Pursuit can take care of the entire purchasing process through our Privileged Buyer Service, saving you time, money and stress.

If you would like to do the legwork we can work together in a Property Purchase Partnership. Or you can get the basics with our 12 month membership.

Keep in mind - in Queensland the selling agent is legally obliged to work for the seller, not the buyer, and must obtain the highest possible price on behalf of that seller.

 Going it alone - Getting Started

•  arrange pre-approval for finance by speaking to you bank or mortgage broker. You can also speak to our finance arm, inPursuit Finance.
• check your eligibility for the first home owner grant
• work out the areas that you can afford and would like to live in
• make sure you understand all of the associated purchasing costs

Conduct Research

• look at recent sales in the area
• understand the demographic make up of the area
• contact real estate agents (remember - they work for the seller, not you)
• conduct searches on the Internet

Inspect Properties

• use checklists to make sure you don't miss anything
• ask lots of questions during the inspection
• Make sure you look at 100 properties so that you develop a really thorough knowledge of the area

Your Offer

• look at comparable sales in the area
• put your offer in writing on an approved contract. Include special conditions and clauses to protect yourself - your solicitor can draft these for your
• if you are bidding at an auction, develop a bidding strategy, set your upper limit and stick to it. Don't let the agent make you increase your bid by working on your emotions.

The Negotiation

• be prepared to go back and forth a few times. The agent will be working for the seller and trying to get you to pay the highest price possible.
• You have placed the property 'under contract' once the contract has been signed by all parties and acceptance is conveyed to you

Celebration!

• talk to your solicitor
• pay your deposit
• satisfy your contract conditions