Purchasing a new home is an exciting time but it can also be rather stressful, as the process can be slow and complicated.

Image Credit

Here we outline the five main steps in the process so that you know exactly how to proceed and what to expect with your property purchase.

Step 1: mortgage

If you are purchasing a property with a mortgage, you are likely to already have spoken to a financial advisor or mortgage broker so that you know what you can afford. Once you have had your offer accepted, you will need to proceed with a formal application for the mortgage. A valuation will be arranged so that the mortgage provider can ensure the property is worth the sale price.

Step 2: instructing a conveyancer

It is important to instruct a conveyancer promptly so that the purchase can proceed as quickly as possible. The conveyancer will handle …