Purchasing a property?
Here are a few things to take into consideration.
The full Due Diligence checklist is available here: http://www.consumer.vic.gov.au/duediligencechecklist
In a nutshell, every property can be affected by different restrictions and obligations. These may or may not affect your choice to buy, but it is crucial to understand what these obligations are and how they apply to you. The above checklist will help you identify whether any of these issues affect you, but be aware it is a starting point and you may need to seek further professional advice.
There are many things to consider when buying. Start by preparing a list of your preferred suburbs. Consider travel time to work and other commitments, what sort of lifestyle you’re after, and the facilities you need in your area.
At this point it is also important to talk to your bank and establish the budget for purchasing your property.
Take the time to inspect multiple properties and see how price is affected by different locations and features. When you inspect a property consider going for a stroll around the area to see what is immediately nearby, and if you drive make sure to identify the parking situation. This is also important for if you intend to have visitors.
If you intend to buy at an auction Kerr Property is happy to assist with bidding and go through the process with you.