How The Home Buying Process Works Link

: Research suburbs and inspect properties thoroughly. Experts at Domain suggest reviewing the contract of sale and arranging essential checks (like pest or structural) before committing. 3. Offer, Negotiation, and Escrow

: Obtain a Decision in Principle (DIP) or pre-approval letter from a lender. This proves your buying power to sellers and identifies any credit issues early. 2. Searching & Selecting a Team how the home buying process works

: This is the most time-consuming phase (often 2–3 weeks), where the lender verifies all financial documents (tax returns, pay stubs) to assess risk. 5. Final Steps & Closing : Research suburbs and inspect properties thoroughly

: Save at least 20% of the property price upfront to reduce interest and improve loan approval odds. how the home buying process works