Buying a home is rarely a straightforward task. There are so many things to consider — from deciding on a suitable area to organising finance, and finally settling the purchase.
Whether you’re buying your first home in Sydney or you’ve purchased property previously, getting the right help can make all the difference! Here is your comprehensive guide for buying a home in Sydney.
Decide on the type of property you’d like to buy
First up, decide on what type of home you’d like to buy. Are you after a house or a unit? Which suburb in Sydney are you most interested in? Will this property be a stepping stone or your forever home?
Work out how much you’d like to spend
Once you have an idea of the type of property you’re after and the area you’d like to buy in, it’s time to start thinking about your finances. Look at what similar properties have sold for, and check if you have enough money for a deposit and other costs — you’ll need around 10% to 15% of the purchase price to cover all purchase costs.
Organise your finance
Obtaining pre-approved finance is your best bet to ensure you don’t miss out on the perfect property. For this reason, organising pre-approval before you go on the hunt to buy a home in Sydney is imperative. Our qualified team at Mint Equity can help you with all aspects of pre-approved finance.
Start house-hunting
Time to start searching for your dream property! If you’re a first home buyer, you may want to scour financial and real estate sites for the best suburbs in Sydney to buy a first home. Ensure you conduct a thorough inspection and obtain a contract of sale for any property you are seriously considering.
Time to purchase your dream property
Congratulations — you’ve made an offer on a property, and it’s been accepted! After signing the contract and paying an initial deposit, you need to obtain unconditional approval on your loan, pay the remaining deposit, and finally settle the sale to make you the official owner!
Engage the help of a professional mortgage broker
Buying a home in Sydney can be daunting, but you needn’t go it alone. A qualified and professional mortgage broker can guide you through all steps of the process, from the initial planning stages to property settlement and beyond.
Mint Equity — your trusted Sydney mortgage brokers
At Mint Equity, we are a 100% Australian-owned and operated, multi-award-winning mortgage broker. We know that when buying your first home in Sydney or purchasing property at any time, finding the right home loan and lender is crucial.
We provide a comprehensive and streamlined service, guiding you on your home buying journey — from initial planning to applying for and securing finance to settling your property and beyond. We can even help you find the best suburbs in Sydney to buy your first home.
To find out how Mint Equity can help you secure your dream property, simply get in touch with our professional team today!