11 Compare the market Understand a property’s true value by reviewing suburb reports, recent sales and visiting open houses to compare features and prices. Check the title Verify the property’s title type - freehold Torrens Title for houses or Strata/Company titles for units, townhouses, villas, and commercial spaces. Each type has its own bylaws, levies, and responsibilities, so it is important to consider the pros and cons of each. Review the paperwork Examine the contract for details on zoning, drainage, land plans and legal specifications. This information can be complex, so seeking professional legal advice is wise. Engage a conveyancer A conveyancer will review the finer property details, handle legalities, and identify potential issues, providing valuable expertise throughout the process. Review building and pest report Ensure the property’s structure, electrics, plumbing and boundaries are sound and check for pest issues like termites that could cause structural damage. Before you make an offer. Here are five action items to consider before making an offer:
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