Buying a property is exciting, but it’s also a big financial decision. Before you submit a written offer, asking the right questions can make all the difference between buying with confidence and buying with uncertainty.
Whether you’re a first-home buyer or a seasoned investor, here are the key questions we always recommend asking before making an offer.
What Comparable Properties Have Sold Recently?
Understanding the local market is essential, particularly in a diverse area like Wagga Wagga where prices can vary significantly between suburbs. Asking the sales agent about recent comparable sales in the area helps you gauge whether the asking price is fair and realistic. It also gives you confidence that you’re making a well-informed offer based on current market conditions, not guesswork.
Are There Any Known Issues With the Property?
Transparency matters. It’s important to ask if there are any known structural, maintenance, or compliance issues with the property. While building and pest inspections are still crucial, this initial conversation can help set expectations early and avoid surprises down the track.
What Are the Council Rates and Ongoing Costs?
Beyond the purchase price, ongoing costs should be factored into your decision. Council rates, water rates, strata fees (if applicable), and general maintenance can all impact your budget. Knowing these costs upfront helps you plan with clarity.
What Settlement Terms Are Available?
Settlement terms can sometimes be just as important as price. Asking about settlement timeframes and flexibility can help you align the purchase with your own circumstances, whether that’s allowing extra time to sell, move, or organise finance.
Don’t Skip Your Due Diligence
Even when everything looks perfect, due diligence is essential. Building and pest inspections, along with a thorough contract review, help protect your interests and ensure you’re purchasing with confidence and peace of mind.
We’re Here to Help
Buying property doesn’t have to feel overwhelming. At Fitzpatricks, we’re here to guide you through every step of the buying process - from asking the right questions to negotiating the right outcome.
For more advice on purchasing a property in Wagga Wagga, click here to download our free Buying Tips eBook, which also includes a handy checklist for some things you can pre-arrange prior to moving in.
If you’re thinking about making a move, our team is always happy to help you take the next step with confidence.
