MLMN

A practical guide from MLMN

Use the checklist

Prepare a property-viewing comparison sheet

Property updates can help identify homes to investigate, but a listing is only the beginning of due diligence. Use the same question sheet for each property so that presentation does not determine the comparison.

Checklist

  1. Write your essential requirements, preferred location and practical constraints. Record the listing date and distinguish stated features from details you have independently confirmed.

  2. During a viewing, note condition, layout and questions about documents or ongoing costs. Ask for appropriate records and obtain qualified advice for legal, financial or building matters.

  3. Keep your observations and the agent's answers separate. Confirm current availability and terms directly without assuming an early update reserves a property or establishes a purchase opportunity.

Questions and answers

How can I avoid comparing unlike properties?

Use consistent fields and mark unknown information. A smaller set of verified details is more useful than a long list of assumptions. Review total responsibilities and costs with suitable advisers before making a commitment.