1. Conduct price research

2. Undertake a building and pest inspection

3. Review the contract

Having a professional review contracts can help identify any ambiguities. Picture: Getty

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4. Make your offer

5. Negotiate

6. Bid at auction

When you go to auction, have a firm plan in place - like what is your limit, and who will do the bidding. Picture: realestate.com.au

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7. Send the contract

8. Make a deposit

9. Enter the settlement period

During the settlement period, it is essential you get all finances in order so nothing comes unstuck on settlement day. Picture: Getty

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10. Do a final inspection

11. Pick up the keys and celebrate

Disclaimer: This content has been prepared by REA Group Ltd and contains general information only.  It is not intended to be relied on as advice.  It does not take into account your objectives, financial situation, or needs. You should seek your own legal, financial, taxation or other professional advice before you make any decisions.