Fees to Expect During Property Purchase

Finding your perfect home is a fantastic moment - and making it officially yours makes it that much better.

However, before you do the celebration dance, take note of the expected charges associated with a property transaction.

Speaking to your mortgage broker can help you to prepare financially for a move and may be able to help you budget for the upcoming costs.

For example, it is recommended to organise a pest and building inspection to ensure you are aware of any hazards associated with your new property - a process that incurs various charges.

You will also be liable to pay rates on the value of your real estate to your local council to account for sewage and water costs as well as infrastructure fees.

Rates vary depending on where you have purchased property so it is advisable to have a chat with the local council to determine specific amounts.

In addition, relocation costs including transit insurance, moving personnel fees and van or truck hire for self-moving can quickly add up.

Utilities connections also cost money upon move-in, so it is best to shop around for the most suitable providers prior to your move-in date.

To get more detailed information on your situation, talk to a Loan Market mortgage broker today.