Once you have found a property to purchase and before you exchange contracts...

Make an offer to the real estate agent and negotiate price until your offer is accepted.

Ring GM Conveyancing or Email to advise us of the details of the property.

Decide  if a Pest and Building Report, or a Strata Report is required.  Your solicitor can usually arrange these inspections for you.

Contact your lender and advise them that a property has been found.  They will then begin the approval process, apply for Mortgage Insurance (if required) and will have the property valued.  If all details are okay, you will receive unconditional loan approval.  You must take your mortgage documents to your solicitor for explanation and signing before returning them to your lender.

Consider how much deposit you can pay on exchange and if it will be derived from your funds or via a Deposit Bond.

Once a contract is received by your solicitors, they should contact you to arrange signing.  Before signing the contract, your solicitor should explain it to you.

When all of the above steps are complete, you should be in a position to exchange contracts.

Disclaimer: The information provided on the GM Conveyancing web site is not intended to be legal advice. Many factors unknown to us may affect the applicability of any statement or comment that we make on the GM Conveyancing web site to your particular circumstances. It is recommended that anyone reading this information should seek legal advice from a solicitor.