Home buyers guide

Buying a home is exciting, and can be a daunting experience. It will probably be one of the largest financial commitments you will make in your life, so it pays to be well prepared. Our buying guide set out below will help you prepare and make the right choices.

How much can you afford?

Usually the first thing you want to know when buying a house is how much money you can borrow to buy the house. Whilst you can find this information out from our calculator, the more important question is how much can you afford to borrow? Your Bernie Lewis mortgage adviser will help you work this out when they meet with you and discuss your financial position, including your deposit, income and expenses.

Home loan pre-approval

Your mortgage adviser will recommend that they arrange a home loan pre-approval for you so you know that when you make an offer on a house you can safely afford it. We advise that when making an offer you place a "subject to finance" clause in the contract.

Property research

Your property research is just as important as seeking the right home loan. With quality research you'll understand what type of home you want to buy, where, what it is worth and how much you are willing to pay for it.

As part of our home loan advice we'll assist you with your property research by providing you with a property report that captures key information, including:

  • Property sales history
  • Government valuations
  • Recent comparable sales
  • Suburb profile
  • Comparable rents

Once you've found the right home, made an offer and the vendor has agreed on the price, you'll sign a contract of sale. But what then? There are many activities to keep you busy before you move into your new home. Some of the key items include:

  • Finalise your home loan with your mortgage adviser
  • Arrange building insurance
  • Arrange personal insurance
  • Contact a conveyancer to act on your behalf for the transaction of ownership of the property.

For more information about the process from contract to settlement click here to view our brochure.

Protect yourself

How would you afford your lifestyle and debts should something unforeseen happen to you and you lose your ability to earn an income?

With appropriate protection you and your family will have peace of mind in knowing that should something unfortunate happen you can continue to afford your lifestyle and won‟t have to sell the family home.

Australia is one of the most underinsured countries in the world. Whilst many of us think that unexpected events won't happen to us, unfortunately the statistics show that many families are effected by such events and had they prepared themselves by arranging personal insurance they would have financially coped better.


Content correct as of 1/08/14.