1. If required, you should seek financial advice from a reputable Mortgage Broker or Banker. Ensure that all documentation provided to you is read thoroughly. Certain documents may outline any fees and charges that may be applicable to you. If you do not understand the documentation, you are entitled to obtain legal advice.
2. Have a Conveyancer or a Lawyer review your proposed Contract of Sale prior to signing. This ensures that you understand what you are signing, and the conditions are right for you.
3. Arrange a building and pest inspection report. These are written reports that outline the condition of the property which will assist you with making informed advice on whether you wish to proceed with the purchase or not.
4. Consider the costs associated with purchasing. You will not only pay the purchase price. Several of the costs to consider are:
a. Stamp Duty
b. Transfer of Land Fees
c. Land Tax
d. Legal Fees
e. Outgoings (Council Rates, Water Rates and Owners Corporation Fees).
5. Attend the State Revenue Office website to check if you are entitled to any Stamp Duty Concessions or Exemptions.
If you are looking at purchasing a property or require advice on purchasing a property or a Contract, Top Tier Conveyancing can help. Please contact Lisa Tilley on 0402 181 522 or lisa@toptierconveyancing.com.au for a no obligation chat.
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