Prior to beginning your property hunt speak with your financier or our Loan Market consultant, Trevor Taylor on 0429 022 888 to choose from over 40 different lenders to determine the best loan to suit your needs. A Finance Pre-approval will give you confidence when making offers and often make your offers more attractive to Sellers.
Make a short list of your preferred suburbs that best suit your lifestyle, accommodation requirements and budget and focus your search in this area to avoid property overload.
It is imperative that you research your desired market. To assist, you can check our recent sales or use other services such as RPData, Pricefinder.com.au Australian Property Monitors to assist you in gaining a solid understanding of the market. We also recommend that you attend Open Homes and Auctions held in the area.
Establish a relationship with one of our Sales Agents. The agent will be able to alert you to new listings before they reach the market, thus giving you a head start on the competition.
When you find a property that suits your requirements, ask your agent to submit an offer on your behalf. Whilst this can be done verbally, it is usually best to put your offer on a contract, outlining your terms and conditions for purchase. Clearly, the fewer conditions contained in your contract the better chance you have of getting your offer accepted. Your agent will be able to guide and assist you through this process. However, if you are unsure at any point, we recommend that you obtain independent legal advice.
If you are intending on buying at Auction, we recommend that you ask the agent for and review carefully the “Conditions of Sale by Public Auction”.
We recommend that you arrange a building and pest inspection to make you aware of any major building defects and/or pest concerns such as termites.
Once terms have been finalised, you will be required to pay the deposit. This is usually between 5% and 10% of the purchase price or as agreed in the contract. Your deposit will be held in trust until settlement.
Once the Deposit has been paid and contracts signed by both parties, a copy of the contract will be sent to your solicitors (should you choose to use solicitors/conveyancers) for them to action.
On the day of settlement, your solicitor or conveyancer may request that you have a pre-settlement inspection before settlement takes place to ensure that the property is in the same condition as when you last inspected. If required, you may arrange this inspection by contacting your sales agent.