If we put aside wedding and birth of your child, or if you simply did not have either of those, purchasing a property is probably the biggest and most important thing that ever happened to you. It can be a lot of fun, but it can also be very stressful, especially legal part.
Before it comes to searching and looking, you and your partner, that is if you have one, need to talk about the features that are important for your new home. You need to know what you want and, most importantly, how much are you able to spend.
Many people make a mistake and buy something that they can’t actually afford. You need to know that you don’t only have to pay for the house, but there are also many other expanses: renovation, real estate agent, legal paperwork, furniture etc. Be well prepared and calculate everything before you make your decision.
There are many problems you may face, and they could be avoided by careful observing and preparation.
Coming to bad neighborhood is a very common problem and most people are afraid of this, but it can be easily avoided by simply looking around. Check the condition of houses around you, are their yards neat and clean or there is a lot of garbage, a car wreckage and high grass. It is also a good idea to visit the place during the night, to see what is happening.
High renovation costs can be very unpleasant, since you may end up investing into reparation more than you have invested into purchase.
Legal problems are also common, starting with “simple” and obvious ones like does the house have planning permission, but you can also end up buying a house from a person that does not even own it. This is a very common problem in certain countries. First example is when the real owner does not even know that his house is being sold, and second, maybe even scarier example is when a company that was in charge of building an apartment building sells the same apartment to couple of different families.
There are different problems in different countries. Every country has its own laws and regulations for this matter. That is why property conveyancing in Australia is usually done by agents. This is the safest way for buyer and for seller. Real estate agent is here to protect your interest and to make sure that everything is as described, physically and legally. Find someone you can trust and you will be able to focus your time and energy on other things.
You will have a lot of things on your mind at that point, and it is stressful enough to make a choice for your new home, without having to worry about legal problems and if someone is going to trick you into buying a ruined house or not.