Home Buying Process
Get a snapshot of the 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.
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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 broker
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 -
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
And if you have time, it could be worth 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!
