Tips For Buyers

FINANCE
Ensure that you have your Finance in place. Knowing your limit means you will be only looking at properties you can afford. This guarantees you won’t be disappointed by becoming attached to a property you can’t afford. Make sure you allow for all extra legal costs involved. eg. Stamp duty and conveyancing.
 
DO YOUR RESEARCH
It is imperative to do your homework and research prices. Research sales in those preferred areas using your local paper or I can provide some feedback. Inspect every property in your preferred area so you have a feel for the price.
Develop a relationship with an agent specialising in your preferred area. The agent will be able to offer additional advice and also alert you to new listings before they reach the media. Contact me for a Sales History Report on the street you are thinking about. This ensures you know what local properties are worth and whether they are in your price range.
 
FIND A PROPERTY
When you find a property that suits your requirements, ask your agent to send a copy of the sale contract to your solicitor or conveyancer. Following your solicitors or conveyancers advice on the sale contract you are now able to make an informed decision to proceed with an offer on the property through the agent.
 
INSPECTIONS
We recommend that you arrange a building inspection to make you aware of any major defects . This can be added as a condition to the contract if the property owner hasn’t had reports done.
 
MAKING AN OFFER
Once negotiations have been finalised, you will be required to sign the sale contract and pay a 10% deposit. Your deposit will be held in anon interest bearing trust account until settlement. The vendor will sign the sale contract and the solicitor/conveyancer will be provided with the contract.
 
SETTLEMENT DAY
Your solicitor or conveyancer may request that you have a pre-settlement inspection before settlement takes place. This is to ensure that the property is in the same condition as when you last inspected it and that all the inclusions are as per the contract you signed.