Melbourne

They are pretty similar so I'd say yes. Make sure you add sauce.

I suppose it'd be too much to assume it was an act of god or a natural disaster?

I wonder what illegal shit they were selling. Or do you think it was a dissatisfied customer?

well this is a letter I have never read on Miss Manners

Everyone's covered money and process well so far, so I'll just add some advice.

A global pandemic really helps. I'm not kidding. Never let a good crisis go to waste. Be prepared to strike when opportunity presents itself. We brought in covid, and couldn't afford this place if it went on the market today. If you can, going country can help. Warragal got expensive, but further out isn't too bad so long as you don't have to do the city 5 days a week. Seymour has houses for under 400k, and a vline to Melbourne taking 1.5 hours (which isn't THAT much worse than Pakenham to Melbourne).

Talk to your parents and sibs.

See how much assets the family owns.

Discuss if you want share buying a house, if anyone is up for being a guarantor, if they will help with deposit.

See how much you can repay every month.

Organise first home buyer benefits.

Look at houses that are way less than you can afford. This way you won't be too stressed.

Try to buy something built in 60s or 70s, even if it's in a crappy suburb. Be close to PT, hospitals, schools and parks.

Aim to live in the house your whole life if possible. Buying and selling , stamp duty, is a terrible waste of money.

Make sure you have money for maintenance.

Step 1 - sort the money - talk to bank about borrowing limits, knowing that these can change in a blink of the eye. If you can get a guaranteed borrowing amount GET THAT IN WRITING and the expiry date. Step 2 - look at houses available. Set up list of criteria in 4 sections - 1) Must have 2) Nice 3) Nice but can do without 4) Dealbreakers. Get agreement from spouse and kids on these. Step 3 - identify possible purchase. Then get council reports, engineering reports, architectural reports - and any other reports you think apply like flood prone land, possible future freeways, asbestos and other soil contamination etc. They are cheaper than remedial works - trust me on this. Step 4 - start negotiations. If the house needs essential work, an estimate of price of the work (not from the REA) should form part of your calculations. If they want the $$ fast, expect to get a substantial discount for settlement in less than 60 days. Don't allow REA to panic you into a fast decision. You might want to employ a purchasing agent - they charge a fee but do Steps 2, 3 & 4 for you once they have your criteria. As these are the difficult bits, this might be time/hassle effective.
Step 5 - pay up. Step 6 - move in.
Step 7 - discover all the stuff that you should have done in steps 2, 3 and 4 above. Scream and regret not having a father/brother/sister/cousin with electrical/gas fitting and other general trade qualifications. Step 8 - install petunias

Source: purchased just before the pandemic. Yes I did employ a purchasing agent cos I was ignorant/out of date of all that stuff. Seamless experience which I recommend. They even went to the auction and bid for me (within the limits I'd set) so I didn't have to panic about that either.

1. have money

2. Engage a mortgage broker. This will use some of your money but it is well worth it. They will be able to help you go over your finances and see what kind of loan you can get, they will do all the legwork finding out best rates and such, and you can even state preferred banks. They will also do all the negotiating with the bank for you, so you just need to look over what they present you, nod assent or shake thy head and then provide some ID and signatures.

3. When you have your loan, you have your budget. Begin looking at places within this budget, preferably below it so you have some wriggle room for reno or repairs. When you find a place you like enough to attempt to purchase it, engage the services of a building inspector (this will cost you money, but is worth it). The REA flogging the place will not bat an eye at this and will allow them access to do all their bits and bobs.

4. look over the building inspection report and see if there are any deal breakers. If not, then place an offer usually "pending finance" (see below). This will bandy back and forth between the REA and owners a bit.

5. If all goes well and everyone agrees, there is usually a deposit to be paid and then the bank will shove its beak into the property, looking here and there and making sure that it's worth what they're lending you. This is the pending part. They will also request you get insurance on the property (this will cost you money but is worth it). If all goes well, they say yes, you may purchase it with your loan and you start the torturous crawl towards the settlement date.

Once settlement date arrives the bank transfers the money to the seller, the debt to you, and the keys are placed in your hand.

Step One: have money

If you do not have money: cry

beautiful, we are so lucky to have so many beautiful beaches nearby