The buying process step-by-step
What really happens when your search for a home eventuates into an offer?
How to get pre-approval
Pre-approval is the first big step toward buying your home. It’s when a lender gives you an initial indication of how much they’re willing to lend, based on your income, expenses, and debts. While it’s not a guarantee, pre-approval gives you confidence to start house hunting within a clear budget.
As your broker, I’ll prepare your application, guide you on what documents are required, and make sure it’s presented in the best light. This not only speeds up the process but also increases your chances of securing unconditional approval later.
Working with a real estate agent
Real estate agents represent the seller, not the buyer - but that doesn’t mean you can’t work well with them. Agents are your point of contact for property inspections, negotiations, and offers. Building a respectful relationship can give you access to useful information and keep the process smooth.
I’ll help you understand how agents operate and what they’re motivated by, so you feel confident during conversations and don’t give away more than you should. Having a broker by your side also means you’ll know exactly what you can afford before engaging with an agent.
Making an offer vs. auction bidding
There are two common ways to buy property: private treaty (making an offer) or at auction. With private treaty, you can negotiate the price and terms directly with the seller through the agent. At auction, you’ll bid publicly, and if you’re the highest bidder and the reserve is met, the property is yours - often with no cooling-off period or conditions unless agreed to prior.
Both methods require preparation. I’ll walk you through how to set a bidding limit, how to structure an offer, and how to use your pre-approval to strengthen your position. This way, you’ll approach negotiations or auctions with confidence, not guesswork.
Understanding contracts and conveyancing
Buying a property involves legal contracts and a process called conveyancing - the transfer of ownership from seller to buyer. A solicitor or conveyancer will review the contract, check for any issues, and guide you through signing. It’s important not to rush this stage, as the fine print can affect your rights and obligations.
I’ll connect you with trusted conveyancers if needed and explain how your finance approval ties into the contract dates. With the right support, you can move through this stage with clarity and peace of mind.
Cooling-off period explained
In most private sales, buyers are entitled to a “cooling-off” period after signing the contract. This allows you to back out of the purchase for any reason - though there may be a small penalty fee depending on the state. However, auctions usually don’t have cooling-off periods, so it’s essential to be certain before bidding.
Understanding your rights is key. I’ll help you time your finance, building and pest inspections, and legal checks so you can make use of the cooling-off period if needed, without putting your deposit at risk.
Building and pest inspections
Before you finalise the purchase, it’s wise to arrange building and pest inspections. These reports highlight any structural issues, safety concerns, or pest infestations that could cost you thousands in repairs later. Even a property that looks perfect can hide costly surprises.
As your broker, I’ll help you plan for these inspections as part of your buying timeline and budget. Knowing the true condition of the property ensures you’re not only financially prepared but also confident in the home you’re buying.