Follow this process for a successful home buying experience

process of buying a house

Deciding to take the plunge and switch from being a renter to a property owner is a big step that can be fraught with stress. You need to know exactly what you want, or you run the risk of making decisions that will cost more time and more money.

The last thing you want to happen with a purchase of this size is to regret it or have it cause you more stress than necessary. Here are a few essential things to know and do that will ensure you breeze through the process with as few problems as possible.


Start by determining your budget, shortfall and what monthly repayments you can afford. Establishing this information doesn’t mean that you can’t consider a higher-priced dream home, but it will help you predict the odds of your home loan being approved and whether or not you’ll need to postpone the purchase to achieve a more substantial deposit.

Thanks to regulatory changes, lending institutions are cracking down on interest-only loan approvals and high borrower debt-to-income rates, and for that reason, it will help to know your chances of getting a loan before you set a budget.


Once you’ve found the right home and would like to make an offer, acquire formal representation from a conveyancer or lawyer before proceeding. They’ll be able to tell you if there are any property rates and taxes the seller hasn’t paid, as well as any restrictions involving the title, heritage and zoning.

These professionals will also safeguard your contract and other relevant documents to ensure you’re protected at every stage of the sales process. It’s recommended that you also contact a surveyor for a property boundary inspection so you know exactly what you’re getting.


It’s worth shelling out a small fee to have a professional pest detector or building inspector to go over the property’s foundation, plumbing and wiring with a fine-tooth comb to ensure everything is working as it should be, and that there are no hidden infestations or problems you’ll need to deal with later. Inspections of this kind are essential as a serious defect could knock a significant amount off the seller’s asking price.

The most important thing to remember when buying a home is not to rush anything. Approach each step mentioned above with care, and you’ll end up with a home you’ll enjoy living in

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