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September 2008

How to buy a house – Part 2

by Chris on September 26, 2008
How to buy a house - Part 2

In the part one of “How to buy a house” series I covered the first three stages of the process: sniffing around, how to determine your budget and where would you like to live. So coming to the stage four you would have a list of candidate suburbs, one of which should ideally become your home.

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How to buy a house – Part 1

by Chris on September 24, 2008
How to buy a house - Part 1

House buying is a long process that seems to be vague, confusing and unpredictable in the beginning. The truth is that every home buyer goes through similar stages on his way from the raw idea “I should buy a house” to the actual house he purchases. The length in time can vary, but the stages are pretty much the same for everybody.

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What “Under offer” and “Under contract” means

by Chris on September 20, 2008
What "Under offer" and "Under contract" means

The process of buying a house, like any other process, has several stages. Terms “Under offer” or “Under contract” are essentially the same, they indicate the status of the house through the selling process – note that they only apply to a private sale and never to an auction.

When a house is “Under offer” or “Under contract”

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Making an offer on a house: Contract Note explained

by Chris on September 16, 2008
Making an offer on a house: Contract Note explained

To make an offer on a house in most cases people use a document called the Contract note (in Victoria). It looks pretty simple and only has 2 pages but defines every aspect of your purchase – which is why you would want to understand it completely.

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What is the right price for a house?

by Chris on September 12, 2008
What is the right price for a house?

What’s the right price for this house? If you’re looking to buy a house, you are going to ask yourself this question – a lot. This is your task number one in this whole process and here is why. Let’s say you’ve assessed the value of the house, made a mistake and paid more for it – then you have killed any possibility of capital growth on the spot

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