The Smart Buyer’s Checklist: What to Ask Before You Sign

In Melbourne’s fast-paced property market, hesitation can mean missing out. But rushing into a purchase without asking the right questions can be even more costly.

Too often, buyers sign contracts without fully understanding what they are committing to, only to discover issues after it is too late. A smart buyer slows down just enough to do the right checks.

Here’s the checklist we recommend you run through before signing on the dotted line.

1. Has the Contract Been Reviewed Independently?

Contracts in Victoria are drafted by the vendor’s solicitor to protect the vendor. Hidden clauses around settlement, cooling-off periods, or building works can put you at risk.

Ask: Has a buyer-focused solicitor or advocate reviewed this contract?

2. What Did the Building and Pest Inspection Reveal?

A fresh coat of paint can hide a lot. From termite damage in older weatherboards to water leaks in new apartments, inspections uncover what glossy marketing will not.

Ask: Have we had a qualified inspector review the property, and do we understand the cost implications of their findings?

3. What Do the Strata Records Say?

If you are buying an apartment or townhouse, you are not just buying the property. You are also buying into the owners’ corporation. Regular levies are one thing, but upcoming special levies can add thousands.

Ask: Have we read the owners’ corporation records to check for disputes, maintenance issues, or planned works?

4. Have You Budgeted for Stamp Duty and Costs?

In Victoria, stamp duty (land transfer duty) is a major expense. First-home buyers may be eligible for exemptions up to $600,000, or concessions up to $750,000. Others may qualify for principal place of residence concessions.

Ask: Have we used the SRO Victoria calculator and factored duty, legal fees, moving costs, and insurance into our budget?

5. Is the Location as Good as It Looks?

The house might be perfect, but what about the street? Noise, parking, future developments, and school zoning all impact liveability and long-term value.

Ask: Have we checked zoning maps, council plans, and visited at different times of day?

6. Is Finance Unconditionally Approved?

Pre-approval is not unconditional approval. Lenders reassess when you find a property, and contracts can collapse if finance falls through.

Ask: Has the bank confirmed unconditional approval for this specific property?

7. Do You Have a Walk-Away Number?

In Melbourne, auctions and negotiations move fast. Without a pre-set limit, it is easy to get swept up and overpay.

Ask: What is our maximum based on data, not emotion, and who is keeping us accountable to it?

Why It Matters

Buying a property in Melbourne is one of the biggest financial decisions you will make. The right questions upfront can save you thousands, protect you from legal and financial risks, and give you peace of mind that you are making the right call.

At Turley Property Advocates, we guide buyers through this checklist and beyond. We ask the hard questions, uncover the fine print, and ensure you never sign blind. Because a smart buyer is not just quick; they are prepared.

Before you sign, get the facts.

If you are ready to buy in Melbourne, [Begin your private consultation here].