First-Time Home Buyer's Guide

Steps

1. 1

   Clarify your budget

   Look at your monthly income/expenses and savings to define the amount you can put down as a deposit. Setting aside an additional 5-10% for title-transfer fees, appraisal, moving and furniture is a common approach.

   Heads up: Set your maximum budget based on total cost (including extras), not just the listed price.

2. 2

   Get mortgage pre-approval

   If you're considering a mortgage, meet with 2-3 banks before house-hunting to clarify your eligibility. This step strengthens your negotiating position and focuses your search.

3. 3

   Decide on area and property type

   Shortlist 2-3 areas based on family needs, workplace, transport and amenities. Our area pages and agents help speed up this step.

4. 4

   Visit and inspect

   View shortlisted properties in person; visit at different times (day/evening) if possible. Note visible details like build quality, insulation, view, noise and common areas.

5. 5

   Appraisal and legal check

   Order an official appraisal (mandatory for bank-financed purchases), and check title, zoning, building registry and any mortgage/encumbrance status. Your agent and lawyer can manage these checks.

   Heads up: An appraisal report is an estimated market value — it strengthens your negotiation.

6. 6

   Contract + deposit + title transfer

   Once agreed, the contract/deposit protocol is signed; then a title-transfer appointment is set. Title-deed fees, registry charges and (if applicable) mortgage establishment are handled the same day.