Home Buying Process

Get a snapshot of the 12 steps that will take you from dreaming about a home to living in your dream home.

With a Smartline Adviser by your side, you’ll save a lot of time, stress, legwork and money along the way.

  • Know what you want

    Research the areas you’d like to live, the type of home you’d like to buy and get an idea of your price range.
Save for your deposit

    The more you can pay for your property upfront, the less you’ll pay in Lenders Insurance and repayments over the years.
  • Meet with a Smartline Adviser

    They will listen to your needs, answer your questions, give you expert advice, find the right loan and arrange everything to settlement.
  • Find out how much you can borrow

    Organise a loan pre-approval so you know how much you can borrow from the lender. Your broker will help you here.
  • Hunt for your dream home

    Check those real estate sections, talk to agents, go to open for inspections, bid at auctions – it’s time to find your home.
  • Seek legal advice before signing anything

    Once you find a home you like, ask the agent for a contract of sale, but don’t sign anything until you’ve shown it to a solicitor or conveyancer.
  • Have inspections carried out

    Arrange for building and pest inspections on your property. Your Smartline broker can recommend someone, if needed.
  • Get your loan approved

    Your broker can professionally package your loan application, liaise with the lender and, once you get approval, send you the loan offer.
  • Make an offer on the home

    If you have time beforehand, it could also be worthwhile getting a professional valuer to value the property.
  • Sign your mortgage documents

    These include standard terms and conditions as well as the legal document giving the lender security over the property.
  • Settle and exchange contracts

    Your lender will liaise with your conveyancer to arrange settlement. The home loan will be ‘drawn down’ and the property will transfer into your ownership.
Move in to your new home

    Then relax a while – you’ve got a housewarming party to organise!