Along with home and contents insurance, there are two other types of insurance you should know about when buying a home. Mortgage insurance: is designed to protect you as the borrower in a home loan, in case something happens and you are not able to pay your mortgage. It usually covers repayments on your home…
Although every property is different, there are certain things which should be included in every building inspection: Property structure: the building inspector should check the structure, framing and foundations to make sure it is sturdy enough to stand up to environmental factors and time. Exterior: windows, doors, frames, paving, paths, driveways, steps, decks, porches and…
As the proud new owner of your house, you should receive a number of items from the previous owners. Make sure the following is handed to you on settlement day: House keys and all spare keys Owner’s manuals and warranties for any appliances or equipment that is being left in the house, such as air…
Moving with pets can be particularly challenging. Here are some points to keep in mind when moving with pets: Update your pet’s registration and microchip information If staying in interim accommodation, make sure to book a hotel which is pet friendly Arrange a supply of a week’s worth of pet food and medication and make…
Packing for the move can be one of the biggest hassles. Make sure you get organised as early as possible: clear out an unwanted items that you didn’t already get rid of before putting your house on the market, and get quotes from movers. You can decide whether you want the movers to simply move…
Moving house can be stressful! Use this checklist to make the process go as smoothly as possible. Register your new address with the ATO or at my.gov.au Change your mailing address by notifying your bank, employer, superannuation, subscriptions, doctors and other service providers, and family and friends Set up a mail redirection through Australia Post…
You have finally reached the settlement date, and your new home will be officially yours! Before you sign off on settlement, you should check that everything is in order at the property. Here is a checklist for your final walk-through: All paid bills and warranties handed over Any agreed repairs completed Check each room, built-ins,…
Here are the major transaction documents associated with buying a house which you should make sure to keep on file after buying your new home: Buyer’s agent agreement – the contract between you and your real estate agent. Purchase agreement – the legal contract between you and the seller which states agreement on price, closing…
There are a lot of costs associated with the sale of a house, besides the house price itself. Use this worksheet to investigate all costs and know which are the responsibility of the buyer, and which the seller. Cost Buyer Seller Other Mortgage registration fees Loan application fees Mortgage insurance Valuation Building inspection Stamp…
Along with home and contents insurance, there are two other types of insurance you should know about when buying a home. Mortgage insurance: is designed to protect you as the borrower in a home loan, in case something happens and you are not able to pay your mortgage. It usually covers repayments on your home…