Tips On Buying The First Home In Sydney That Could Be Useful

At Compare Conveyancing Sydney, we understand the pressure that you would undergo while buying your first home. There are so many aspects to consider right from price point and locality to amenities and maintenance cost and while we want you to enjoy the perks of owning a new house by yourself we certainly want to pitch in and help to take away some of your worries. Buying a new homes would require a comprehensive market research, financial planning and dealing with other legal angles as well, this is where Compare Conveyancing Sydney would pay a vital role by providing real estate services and would ensure that you experience a stress free and full proof transaction.

Mortgage Approval and corresponding Financial Planning

This would typically be your first step should you decide to purchase a new home and have been looking around for a while which has resulted in a few noteworthy properties under your radar. There are a number of government grants which your broker/banker can help you secure to reduce the onetime payment burden of buying your first home. The First Home (New Home) scheme offers a never before exemption of transfer duty on new homes that have a valuation of $550,000 and a special concession for homes costing up to $650,000.

If you are an eligible buyer than you would not be required to pay zero duty fee on buying vacant plot for residential usage that costs up to $350,000 whereas you would receive an additional concession on land valued up to $450,000. Understanding your exact eligibility when it comes to such grants is very important and the competent professionals at Compare Conveyancing Sydney along with your bank/broker can help you make the right financial decision and raise mortgage for such loans

Focus on conveyancing while finding the right property

Once you have found your dream home the next step is to make an offer this is where experienced professionals from Compare Conveyancing Sydney would again step in to support you and help you traverse through the complicated legal and operational workflow. We would support you by reviewing the contract that you receive from your real estate agent before you complete the payment by using the home loan received from your bank account.

Typically it takes about 42 days between the exchange of contracts (post signing) and the settlement date. We can further assist you by negotiating this period based on your needs.

Compare Conveyancing Sydney is committed to supporting you at each step by providing a comprehensive Conveyancing solution and real estate services that are customized to meet your purchasing needs. We have rich experience in walking our clients through the entire journey right from reviewing the contract to settlement completion. Your satisfaction is our measure of success.

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