Guide

Buying a home: the legal process

Last updated: 18 July 2017

Buying a newly built home

If the home you want to buy is newly built or converted, the process of buying it is different.

Most newly built homes are offered by the builder at a fixed price, often before the house or conversion has even been built.

This means instead of you having to make an offer, the builder makes an offer to sell to you.

Most builders have a standard form of offer – they lay out a list of conditions that you'll need to agree to if you want to buy the house.

You should arrange a loan and take legal advice before you accept the builder's offer, because once you do it becomes a legally binding contract.

Buying a home: the legal process
Buying a newly built home