Buying Steps

Our team is here to guide and support you the entire way. Here is a brief overview of the next steps involved when buying your completed or single contract off-the-plan home with MWC Property Group.

Step 1

Prequalification and property selection
Contract signing
Finance appointment with your broker

Step 2

Bank Valuations ordered
Once your broker has the valuations back, they will review them and proceed with the loan application.
Your broker will keep obtaining updated payslips and bank statements from you as necessary.

Step 3

Finance is approved!
Your solicitor will contact you to ask you if you are happy to go “Unconditional” on the contract. You say yes and your settlement date will be set.
Complimentary financial planning consultation arranged, if desired.
First Home Owner Grant application is submitted (if applicable).
Mortgage documents are issued to you in the post, or electronically depending on your lender, and your broker will provide instructions and help with completing these.
Check if you are required to insure your home (building insurance). If your home is part of a Body Corporate, then building insurance will be included in this, but your broker can advise.

Step 4

Your broker will prepare for your settlement and liaise with you regarding what you need to do.
Generally, you will be able to collect the keys to your new home the day following settlement, however this date cannot be guaranteed until a few days prior to settlement. Once your bank and the seller’s bank have everything ready for settlement to occur, they will advise your solicitor, and the settlement date & time will be booked in.
Check if you need to arrange electricity or internet connections at your new home.
Take out contents insurance ready for moving day.

Step 5

Settlement has occurred – you are now a proud homeowner!
Handover of keys to your new home can occur!

Step 6

Contact lender to...
‐ Discuss the option to fix your home loan rate.
‐ Find out what amount your ongoing repayments will be.
‐ Confirm what date your repayments will be required.
Redirect your mail and update your address details to your new address to ensure you do not miss anything.

Buying Steps

Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

Disclaimer: The steps listed above are provided as a general guide only. Timeframes and steps may vary and be subject to change.

Call 1300 657 184