When we purchased our first house we could have added the insurance to the loan. Definitely.
As for bathrooms kitchens and ovens, well, you know they can cost ANYTHING! But it's kind of good that the seller hasn't done it already, as they will be trying to get their money back + on any renos, and this way you get to do the reno in your own taste and budget.
We tried to get a carport here, but local council insisted it have a facade that matched our house - even though we assumed it would be ok as a number of neighbours have done carports. However the council pointed out that just 'cos they had done them, didn't mean they were approved.
For our current house we just used the local property law firm. They were fine. Thorough, reasonable. They only do property so they knew it well.
You can make your purchase subject to all sorts of things. We were told to be careful about just using 'finance' because we had been made aware of a situation where a couple wanted out of a house so they said the bank would not finance them. The seller, (an investor already) wrote up details of a finance agreement and said he'd give them finance - thereby making their out-clause void.
I went to a broker, got some great information about various mortgages. Then i went straight to the 2 banks that seemed to offer the packages i liked the most and spoke with them. I ended up happy with one and it was NOT what the broker had worked out for us. I'm a little skeptical of brokers now!
Emma - if you can PM his details that would be good. We should probably talk to someone else. The first broker was dodgy so I dont want to just go by his word. We're looking in the eastern suburbs.
Thanks for the link Lenny. That will keep me busy for a few hours
I'm scared we won't be able to afford it or it will have something seriously wrong with it or DH wont like it or we can't afford the renos....or the sky falls on our heads
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