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#1 von acdbke , 10.12.2019 04:50

Wenn Sie hier auf Links zu eBay klicken und einen Kauf tätigen, kann dies dazu führen, dass diese Website eine Provision erhält.

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Find out how much you can borrow


The first thing you should do is go to your bank and find out how much you can borrow. This is important because you will then know where to start looking for a property and what type of property you can afford. You don’t want to spend time searching and then find out later that you can’t afford a property that you have fallen in love with. Knowing how much you can borrow will mean you will be able to set yourself a budget and know what you will need to repay each month. Make sure that you don’t over extend yourself when it comes to repaying a loan. If you can’t afford the repayments you could lose the property.


Inspections


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Contract


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Finance approval and property inspections


Before you find your property you will have conditional approval from the bank. Once you have the contract for the property you can send them the contract and organise the formal finance approval. Finance will be approved once a valuation by the lender has taken place. You will also need to organise a pest inspection as well as a building inspection. These inspections will be additional costs, but they are well worth it. If you are purchasing through an auction these inspections should be carried out beforehand.


Signing documents and settlement


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