First-Time Buyer Checklist: 10 Things to Do Before Making an Offer

Buying your first home is one of the biggest milestones you’ll ever reach. It’s exciting, but it can also feel overwhelming with so many steps involved.

At W&R Real Estate, we’ve guided countless first-home buyers through the journey, and we know preparation is key.

Here’s a 10-step checklist to help you feel confident before you make an offer. (Please note: this is general information only – always seek independent financial or legal advice for your circumstances.)

1. Understand Your Finances
Before you start house hunting, it helps to get a clear idea of your borrowing capacity. Speaking with a bank or licensed mortgage broker can help you understand what you may be eligible to borrow and what repayments might look like. Having pre-approval in place also shows sellers you’re serious.

2. Set A Realistic Budget
Buying a home comes with more than just the purchase price. Be mindful of things like conveyancing fees, building inspections, and moving costs when setting your budget. Knowing the full picture helps avoid surprises down the track.

3. Research The Market
Spend time looking at recent sales in your preferred suburbs. Comparing similar properties will give you a sense of what represents fair value. Our team at W&R can also share local insights that online listings don’t always reveal.

4. Prioritise Your Must-Haves
It’s easy to get swept up in glossy kitchens or styled living rooms. Make a list of what really matters to you – like the number of bedrooms, commute times, or outdoor space – so you can stay focused on your true needs.

5. Attend Multiple Open Homes
Seeing a range of properties gives you a better feel for what’s available in your price bracket. It also helps you compare features, spot red flags, and feel more confident when it’s time to make a decision.

6. Organise A Building & Pest Inspection
Looks can be deceiving. A professional inspection will highlight any issues with structure, pests, or maintenance. This step can save you stress later on and is an important part of doing your due diligence.

7. Review The Contract & Form 1 (SA Buyers)
In South Australia, the Form 1 (Vendor’s Statement) outlines important details about the property. Always have a qualified conveyancer or solicitor review the contract and Form 1 on your behalf so you fully understand the terms.

8. Explore First-Home Buyer Assistance
You may be eligible for government grants or concessions as a first-home buyer. These programs can change from time to time, so it’s worth checking official government websites or asking your lender or broker for guidance.

9. Think About The Future
Beyond the property itself, consider the area’s long-term potential. Things like local amenities, transport, schools, and planned infrastructure can all impact future value and liveability.

10. Get the Right Support
Having the right professionals on your side – such as a conveyancer, broker, and trusted real estate agent – makes the process smoother and less stressful. Each plays a key role in helping you buy with confidence.

Conclusion

Purchasing your first home is a huge step, and being prepared is the best way to approach it with confidence. While there’s a lot to think about, ticking off these steps will help you feel more in control.

At W&R Real Estate, we regularly work with first-home buyers and understand the questions that come up along the way. If you’d like local market insights or guidance during your property search, our team is here to support you.

Thinking about buying your first home? Contact W&R Real Estate on 0481 391 041 today to start the conversation.