Buying your first home is one of life’s biggest milestones. It’s exciting, empowering—and sometimes overwhelming, especially in Melbourne’s competitive market across suburbs like Keilor, Keilor East, Essendon, Taylors Lakes, Taylors Hill and surrounds.
Knowing the right questions to ask during the process can save you time, money, and future headaches. Whether you’re inspecting a property, speaking with a real estate agent, or finalising your decision, here are the top 10 must-ask questions every first-time buyer should have on hand.
1. Why is the property being sold?
Understanding the seller’s motivation can give you an advantage. Are they under pressure to sell quickly? Is it a deceased estate? Are they upgrading or relocating?
Knowing the “why” behind the sale could help you negotiate a better price or settlement terms.
2. How long has the property been on the market?
A property that’s been sitting for a long time may indicate overpricing, hidden issues, or simply bad timing. It also suggests there might be room to negotiate.
3. Have there been any recent renovations or repairs?
Ask about any structural changes, new fittings, or upgrades. You’ll want to know if the work was done with council approval and whether warranties are still valid.
4. Are there any issues with the property?
Legally, agents must disclose known problems. Ask directly about structural issues, termite history, water damage, or anything else that could impact the value or livability.
5. What’s included in the sale?
Fixtures like ovens, dishwashers, and blinds are often included, but it’s important to clarify. Is that garden shed, above-ground spa, or security system staying? Always confirm what’s listed in the contract.
6. What are the ongoing costs?
Owning a home comes with more than just a mortgage. Ask about council rates, water bills, body corporate fees (if applicable), and estimated utility costs.
In suburbs like Essendon or Keilor East, rates can vary widely depending on property type and location.
7. What’s the neighbourhood like?
Beyond the property itself, the community matters.
Ask about public transport access, schools, shops, noise levels, safety, future development plans, and how the area might change over time.
8. Have there been other offers?
Understanding how much competition there is gives you insight into how quickly you need to act—and how strong your offer needs to be.
If the agent tells you there are other interested buyers, don’t be afraid to ask for proof or clarification.
9. Are there any future developments planned nearby?
New infrastructure can add value—but it can also mean years of noise, construction, and disruption. Check council plans for any upcoming projects in the area like roads, train stations, shopping centres, or rezoning.
10. What settlement terms are the sellers looking for?
Some sellers want a quick settlement, while others need extra time. Being flexible with your settlement period could make your offer more appealing—even if you’re not the highest bidder.
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Buying your first home is a journey filled with excitement and important decisions. Asking the right questions not only protects your interests—it positions you as a serious, thoughtful buyer who’s ready to act.
If you’re ready to take your first step in suburbs like Keilor, Keilor East, Essendon, Taylors Lakes, Taylors Hill and surrounding areas, Main Road Real Estate is here to guide you every step of the way.
Contact us today—we’re ready to help you find your first home and make the process smooth, stress-free, and rewarding.
