• 7 steps to home ownership

    We're here to help you to find your way through the maze of information that's out there, to give you the lowdown on everything from house-hunting to home loans, budget planning, making an offer and organising your move.

    So you are considering becoming home owners? Congratulations! At RAMS, we want to make sure we take the hassle out of the whole process – as owning your home can seem like a daunting exercise at first. What should you do first and foremost? How can you save time during the process? Here are the 7 main steps to home ownership!

    1.     Decide to buy

    There are advantages in buying, as there are with renting a property. Once you have made the decision to buy, have a good look at your current situation, establish your budget and seek legal help and guidance.

    2.     Find a loan that suits you 

    Talk to a home loan specialist (use our cheat sheet of questions to ask your lender) and know what your loan options are.

    3.     Prepare for the real cost of buying

    Buying a property doesn’t stop at the price tag: there are additional fees involved  such as valuation and legal fees. Plan your budget!

    4.     Search for your new home

    Are you considering a house, an apartment or an investment property? Whatever your selection, numerous factors can and will influence the value of the property such as long term grown potential or access to amenities.

    5.     Make an offer

    Be prepared!  Have a look at our tips on finance, inspection and bidding as you need to sort those aspects out before making your offer.

    6.     Follow the buying process

    After your offer has been accepted and before you obtain the keys, a few important items need to be settled such as stamp duty and insurances . 

    7.     Move in!

    Congratulations – the place is now yours! It’s now time to move into your new property and plan ahead with your finances so you can to help pay off your mortgage sooner.