Buying a property can seem overwhelming, particularly if this is your first home purchase.

Thinc Real Estate recognises that buying property is a complicated process and has designed this step-by-step guide to walk you through the process.

Step 1 Arranging your finance

Before you begin your property search, it is advisable to arrange your finances and, if required, have a mortgage agreed in principle. This will confirm how much money you will have to fund the purchase, which will ultimately influence your property search.

Step 2 Register your interest

The first step to finding the right property is to register with us either by calling us on 0414802541 or emailing and we can arrange a time to meet with you to discuss your property requirements. You can also register your interest about a specific property online.

We can help you find what you are looking for.

Step 3 Finding the right property

Once we have a clear understanding of your requirements you will receive a selection of properties that match your criteria. We can also keep you constantly up-to-date via email and SMS alerts when the latest properties become available.

Step 4 The key to successful viewings

We’re open at times to suit you, convenient for viewing after work and at weekends. You can contact us at any time.

In order to secure a property we recommend an early viewing. We will drive you to your viewings ensuring you arrive in a relaxed frame of mind and accompany you throughout so that we are on hand to answer any questions immediately and advise where necessary.

Step 5 Making an offer

Once you have identified a suitable property we will put your offer forward to the seller both verbally and in writing stating any special conditions of the offer. You may need to demonstrate, if requested, that you are able to proceed (e.g. provide evidence of your mortgage agreed in principle).

There are no legal obligations on either side until contracts are signed.

Step 6 Offer agreed

Once your offer is accepted we will do the following:

  • Prepare a memorandum of sale
  • Write to all parties to confirm the agreed price
  • Ask you to confirm your settlement agent’s and finance details
  • You will now need to instruct your settlement agent to proceed with the conveyancing process and your mortgage broker to proceed with your application.

Step 7 Conveyancing

As part of the conveyancing process your settlement agent will do the following:

Raise any enquiries on receipt of the draft contract from the seller’s settlement agent

Request their own local searches

Agree on a date for exchange of contracts

We will assist your settlement agent and you negotiate throughout the process, keeping you informed every step of the way.

Step 8 Survey and mortgage offer

A survey of the property will be booked by a surveyor on behalf of the mortgage lender to identify any structural problems and advise on the property’s value.

After the mortgage valuation report is received, a formal mortgage offer will be sent to you and your solicitor which you will need to sign before it is returned.

There are no legal obligations until contracts are signed.

Step 9 Exchange of contracts

Exchange of contracts occurs when all enquiries have been confirmed and agreed.

Once the contract has been signed by both parties the deposit (usually 10% of the purchase price) will be transferred from your settlement agent to the seller’s settlement agent.

The completion date is then set by mutual agreement.

 Completion is when the residual monies (usually 90%) are transferred from your settlement agent to the seller’s settlement agent’s account.

We will release the keys once the money has cleared in the seller’s account.

Congratulations, you are now the legal owner of your new home!