The home buying process: Who does what?

Buying your first home can be daunting, but the good news is you don’t have to go through it on your own. You’ll be supported by a group of experts who will guide you through the various stages of the home buying process.
 


 

TSB

In most cases, you’ll need to borrow money to purchase your first home. If you’re ready to get onto the property ladder, the first step you should take is meeting with us to discuss how much you can afford. We'll determine how much you can borrow based on the information you provide us, such as your income, employment history, and any debts or assets you may have. We'll then give pre-approval to spend up to a certain amount of money, based on certain conditions.

Once you’ve purchased your first home, we can help you to structure your home loan in a way that suits you best. Structuring your home loan correctly can help you save thousands in interest and allow you to pay it off sooner.

 

 


 

Lawyer/Solicitor

Your lawyer plays an essential role in the home buying process. Before signing any sale and purchase agreement, you’ll need your lawyer to review it. They’ll help you make an informed decision by explaining all the legal documents, as well as helping to pull the offer together and complete due diligence on the property.

 


 

Real Estate Agent

Real estate agents act on behalf of the seller - they are the person responsible for marketing the property and negotiating the best price for the vendor. If you’ve found a property you’re interested in, you can ask the real estate agent anything you’d like to know about it. When you’re at the house hunting stage of the home buying process you can also register your interest with different real estate agents and ask them to get in touch with you if properties that match what you’re looking for become available. 

 


 

A Builder or Property Inspector

When you’ve found a home that you’re interested in purchasing, contact a property inspector or builder to arrange an inspection of the property before you make an offer. They’ll check over everything and provide a report about the condition of the property. These reports should let you know if there are any issues with the house's structure or potential maintenance issues that could pop up if you buy the home. Building reports are a smart way to avoid costly problems down the track.