First Home Buyers
Buying your first property can feel overwhelming. Learn the key steps, common costs and what to expect throughout the process.
Buying Property
Whether you’re buying your first home, upgrading or investing, understanding the buying process can help you make informed decisions.
Whether you’re...
Growing Families
Whether you’re looking for more space or moving to a new neighbourhood, understand the buying process before making your next move.
Investors
Buying an investment property involves different considerations, including rental demand, strata, ongoing costs and long-term ownership.
The Process
Plan Your Purchase
Confirm your budget, organise finance pre-approval and decide what type of property and location suit your needs.
Search for a Property
Explore available homes, compare options and identify properties that match your priorities.
Attend the Inspection
View the property carefully, ask questions and consider its condition, layout, location and surrounding area.
Complete Your Due Diligence
Have the contract reviewed and arrange any appropriate building, pest or strata inspections before committing.
Make an Offer
Submit your preferred price and terms, including the deposit, settlement period and any proposed conditions.
Exchange & Settle
Once terms are agreed, your solicitor or conveyancer and lender will guide you through exchange and settlement.
BUYER INFORMATION
Frequently Asked Questions
Practical answers to common questions about purchasing property in NSW.
How do I arrange an inspection?
Inspection arrangements vary by property. Follow the advertised instructions or contact the selling agent directly.
How do I make an offer?
Offers are usually submitted to the selling agent in writing, together with any proposed conditions and timing.
What is a cooling-off period?
A cooling-off period may apply to some private-treaty purchases. Obtain independent legal advice about your rights and any deadlines.
Do I need a solicitor or conveyancer?
Buyers should obtain independent legal advice before signing or exchanging a contract.
What fees are involved when buying a property?
Possible costs include transfer duty, conveyancing, inspections, loan fees, registration costs, strata reports and moving expenses. The amounts vary, so seek independent financial and legal advice.
What should I check before buying an apartment?
Consider the contract, strata records, ongoing levies, special levies, building condition, by-laws and any planned works.
Can I buy before selling my current home?
This depends on your financial position, borrowing capacity and preferred timing. Speak with your lender and financial adviser before committing.
What happens after my offer is accepted?
The next steps usually involve contract review, finance, inspections where applicable, exchange and preparation for settlement.
What happens on settlement day?
Your legal representative and lender complete the transaction, after which ownership transfers and keys can usually be released.
Have questions about buying property?
We’re happy to answer general questions about the buying process or one of Soko’s advertised properties.