Buying budget: what sits beyond the asking price?

The asking price is the starting point, not the whole budget. Include transaction services, setup and a contingency, requesting written estimates instead of applying one percentage to every deal. Property condition, payment arrangements and service scope can change the final total.

Practical steps

1. Separate the property price from fees, commissions and professional charges, identifying who pays
2. List furniture, repairs and utility setup if you plan to move in soon
3. Have an adviser confirm the taxes and charges applicable to your transaction before signing

General guidance. Consult qualified professionals on legal, financial and technical matters specific to your transaction.