Once you have decided to buy a property we are in a position to:
Meet with you, in the comfort of your own home if you wish, for initial discussion and agreement
Get a detailed description and feel for your requirements and wishes
Provide a report on demographics and property prices in the preferred locations
Research and seek out suitable properties according to your brief and inspect them for you
Do property appraisals for your chosen properties based on comparative sales or obtain certified valuations as requested
Give straightforward advice on the buying/selling process
Organise building/pest inspections as requested
Bid and/or negotiate on your behalf
Liaise with real estate agents, solicitors and others as required
How to Get Started
Make decisions on your preferred suburbs (a maximum of three is ideal). We can advise you on affordability if you wish.
Speak with your financier and arrange a home loan (so you know your limit and there will be no delay or disappointment when the dream home is found). We can help with this if necessary.
Contact Art of Buying by phone, email or our Enquiry Form for a free consultation and get the ball rolling!
Budgeting for Sydney Property Purchase
Purchasing a property in New South Wales is full of extra costs on top of your purchase price. It is vital to take these into consideration when setting your budget. Also, try not to work within a very tight budget - there will always be some unexpected extras.
Some of the biggest extra expenses include:
Purchase Stamp Duty — a tax payable to the NSW State Government based on the purchase price of the property bought. Unless you are a first home buyer purchasing under $500000, you will need to set aside around 3% - 6% of the purchase price (increasing as the property value increases). See www.osr.nsw.gov.au for details.
Loan Application, Legal and Valuation Fees — varies according to institution. Check with your lender.
Loan Stamp Duty — NSW Government tax based on the dollar value of the mortgage taken out. Set aside a few thousand dollars.
Mortgage Insurance — may be required depending on the size of your deposit and perceived risk to the lender. Check with your lender.
Conveyancing Fees (including disbursements) — check fees with your conveyancer or solicitor as charges vary.
Building and pest reports — usually around $450 - $600 per property inspected.
Strata Reports — at least $150, depending on size of Owners Corporation.
Moving house — packers, removal firm, building and contents insurance, connection of utilities. Set aside several thousand dollars.
New house contents or renovations — don't forget to leave some money over for all those furnishings and furniture you may want to purchase for your new home. In addition, you may need to set aside some money for renovations or re-decorating.
