There are many pitfalls to avoid when purchasing a property, which is why it is important to prepare beforehand.
For example, ensure you have pre-approval finance in place, so you know your purchasing limit.
It is important to seek some legal advice upfront, and to organise pre-purchase inspection reports, including strata, building and pest.
Good communication is critical. If you find a property you like, let the real estate agent know and ask how the offer and acceptance process works.
Finally learn to know the difference between your head and heart. Buying is about 80 per cent emotional.
While this might be okay when buying clothes, there is a lot more at stake when it comes to buying a property, requiring a more logical way of thinking .