Speak with your Lender to determine your budget and arrange the best loan to suit your needs. Make sure that you’re pre approved and ready to act when you find the right property!
Prepare a short list of preferred areas that suit your lifestyle or investment objectives, as well as a list of essential property features and desirable extras. Keep in mind that most buyers end up making some sort of compromise, having a planned approach, and focus on what’s really important to help you make the best decision.
Inspect and compare as many properties as possible in your preferred area to get a feel for market prices. Increase your market knowledge by researching recent selling prices, or by purchasing reports from property information providers such as RP Data.
We welcome the opportunity to inform and assist you with your search, as well as being able to offer advice and alerting you to new listings once they reach the market.
Obtain a copy of the Office of Fair Trading’s “Buying or selling a home” factsheet to better understand your rights as a buyer, and if you’re planning on bidding at auction, we recommend you read the Office of Fair Trading’s “Bidder’s Guide” before you attend the auction.
When you find a property that suits your requirements, send a copy of the sale contract to your solicitor or conveyancer to be reviewed.
We recommend that you arrange a building, pest inspection or strata search to make you aware of any major defects and pest concerns eg: structural defects or termite activity or ongoing expenses.
Following your solicitors or conveyancers advice on the sale contract, and taking into consideration the building and pest reports, you are now able to make an informed decision to proceed with a proposal to purchase the property.
Once negotiations have been finalised, you will be required to sign the sale contract and pay a deposit which will be held in trust until settlement. The vendor will sign their copy of the sale contract, and the solicitor/conveyancer or agent will ‘exchange’ the contracts.