Hi ,
For First Home Buyers in particular, it's easy to overlook some of the associated costs of buying a property. While most people have heard of stamp duty, there are a number of other costs that need to taken into account when purchasing a home.
Besides the unavoidable cost of
stamp duty, buyers need to budget for many, if not all, of the follow:
- conveyancing and legal fees
- building and pest inspections
- mortgage registration fees
- building and contents insurance
- valuation fees
- loan establishment fees
- buyer's
agent/buyer's advocate fee
This isn't a comprehensive list and buyers should always set aside adequate time to thoroughly review their individual circumstances. Of course, don't forget to factor in the cost of moving house!
A diligent buyer always plans well and looks at the details before purchasing. There are plenty of good resources available to assist you when budgeting for a property.
At Chamberlain Property Advocates, we work with our clients to smooth the process of buying a home, ensuring that our clients are well-informed about the associated costs when acquiring
property.
Are you ready to purchase your next property? Give Chamberlain Property Advocates a call on 03 9686 2288 today. We are here to help. We offer a free consultation, so why not call today?