When Buying
- For a home unit, always get a prepurchase strata or company title inspection. For a house, always get a prepurchase building and/or pest inspection.
- Take into account the cost of stamp duty. Click here for details of stamp duty calculation.
- Make sure your finance is in place.
- Before you agree to a settlement date, make sure it gives you time to get your finance in hand.
- Check the amount of strata or company title levies.
- Check for specific inclusions or exclusions in the contract (such as dishwashers or air-conditioning units).
When Selling
- Where is your certificate of title? (If you have a mortgage it’s with the mortgagee e.g., the bank or finance company).
- Have you let your mortgagee know that you are selling the property after exchange?
- What settlement date do you want?
- When selling a home unit, what are the address and phone number of the strata or company manager or the manager’s contact?
- Have you made a list of all exclusions and inclusions (such as dishwasher, air conditioning units etc.)?
- Are there any special issues such as Council notices or special levies?
