Interested in some seasoned hands advice here... Just purchased first home (unit) in Sydney. Won at Auction (so contracts are signed) and just heard that loan is now unconditionally approved (phew). I feel I can relax a little more now, been pretty nervous through the whole pre-auction offer, building/pest, auction, unconditional contract sign etc. But now all that is over. Settlement now 5 weeks away. What (is left) that could go wrong? Anything to keep an eye on?
Do you have a buffer? When we bought our half-a-chateau I was advised to allow 7k for surprises. They were right! Pool pump went, some of the windows were wonky and some of the electrics needed replacing....none of these things are huge deals but the buffer certainly helped.
Many things can still go wrong (but rarely do). Vendor could die or be declared mentally insane - contract collapses. Unit could have a fire - insurance should cover. Damage could occur - your pre-settlement inspection will reveal. Chances are all will be OK - congrats on the purchase