Before making an offer, it's crucial to understand the true value of the property. Start by contacting a local real estate agent for detailed reports on neighbourhood trends and recent sales. Visit open houses in the area to compare property features and prices firsthand. Use this information to determine if the asking price is reasonable or if there's room for negotiation.

Different property types come with different Titles, each with its own legal considerations. Houses typically have a freehold Torrens Title, while units, townhouses, villas, and commercial spaces usually have Strata or Company Titles. Consider the advantages and disadvantages of each Title type and think about how the Title might affect your future plans for the property.

The seller's contract of sale contains crucial information, such as details about zoning, drainage, land plans and ownership, along with outlines of the sale process, payment terms and transfer of ownership. Given the legal complexities, it's advisable to seek professional advice when reviewing this paperwork.

Professional legal advice is essential before making an offer. A conveyancer or solicitor can provide valuable insights and guidance, review the specific details of each property you're considering and help identify any potential issues. Engaging these professionals early on can ensure a smoother path to settlement.

A final crucial step before making an offer is to organise building and pest inspections. A qualified professional will inspect the property's overall condition, checking for any damage or pest issues. They will provide a detailed report with their findings. This step can potentially save you significant money in the long run. If all inspections check out, you’re ready to make your decision and put forward an offer.