McKibbin Real Estate

Buying a house is never that simple, one of the hardest, and sometimes most stressful, parts of buying a house is finding the right property at the right price.

There are dozens of things you need to consider before purchasing. Here is a quick check list to get you started:

  1. Consider your motivation for buying. Properties are expensive, so you should only buy one if you believe it will provide long-term benefits.
  2. Work out what you can afford. It pays to know what you can or can’t afford. This helps you set a strict price limit, so you don’t get carried away and go for a mortgage you’d struggle to repay.
  3. Consider the property’s location. Where the house is should have a major impact on where you buy, whether it’s to live in or rent out.
  4. Research the market. Searching for a suitable home doesn’t only happen online. Take time to drive around and be prepared to give up time to visit open house inspections. 
  1. Consider engaging a Professionally Building Inspection. Professional building inspectors will look at potential structural and safety issues that you might miss and could cost you a small fortune to fix later.
  2. Do a title and statutory authority search. A title search gives you an official record of a property’s ownership history and can tell you if there’s anything preventing you from buying it.
  3. Negotiate a price. It’s important that you stick to your agreed upon budget and take emotion out of the equation – it’s easy to see yourself living in a certain home, but if you can’t afford it, you can’t afford it. Be prepared to walk away.
  4. Get your documents ready. Will you be taking out a home loan to finance the purchase? To make the whole process as painless as possible, have the relevant documents on hand and ready to show a prospective lender.

Useful Links

Revenue SA First Home Buyer

Government of South Australia Links

Land and Business
(Sale and Conveyancing) Act 1994 Forms


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