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Buying property is based upon paying cash deposit (usually 5% or 10% of the purchase price) followed by getting a loan from a bank called a mortgage for the rest of the money owed. These payments are made on this loan weekly, fortnightly or monthly, for 15-30 years until it is all paid.
Select a community where you feel comfortable and can picture yourself living. Choosing places with facilities and amenities fitted to you is key in finding the right property to suit your living needs. Are public transport, shopping facilities, schools and the workplace in fair reach? Are beaches, parks and other amenities attracting you to a certain area? Talking to people in the area of the places you like will provide you with the most valuable information as they know the area and could potentially be your future neighbours.
Careful planning and budgeting are essential when it comes to being able to afford your own home:
A licensed real estate agent will present the offer made on a property to the vendor, discuss and negotiate with them, and bring back the result to the buyer straight away. Once the conditions have been met, the property will become unconditional and the property regarded as sold. If an offer is not accepted, the contract will be deemed at an end and no party should have any claim on the other.
