BEFORE YOU BEGIN YOUR SEARCH
Come in and visit the team – We will be able to assist you with all your property needs and alert you to any new listings that become available before they are marketed.
Arrange Finance – We recommend you speak with your financier to discuss and arrange the best loan to suit your needs. It is illegal for estate agents to give financial advice.
Budget – Carefully assess your financial situation and desired standard of living when deciding how much you can afford to borrow and repay.
Take into account;
- your circumstances and financial commitments
- any future plans; for example, starting a family could mean a drop in income
- other possible changes, such as interest rate rises or unemployment.
Consider the costs of buying a property –
- legal and conveyancing fees
- loan establishment fees
- government charges such as duty (formerly stamp duty)
- building and pest inspection fees
- moving costs
Also consider ongoing costs of property ownership –
- insurance (building and contents) if applicable
- property rates and taxes.
INSPECTING PROPERTIES –
Inspecting a property will tell you about its features and condition and give you a sense of the local area.
The first visit will give you an initial impression and determine if the property meets your basic requirements, such as:
- access to facilities
Further visits will give you an opportunity to check whether repairs are needed and for signs of any structural problems.
MAKING AN OFFER ON A PROPERTY –
If you are considering making an offer on a property please contact our team to assist you.
ONCE YOUR OFFER IS ACCEPTED –
Employ a solicitor or conveyancer to assist you with contracts.
We also recommend that you arrange a building and pest inspection. A qualified inspector will know what to look for and will see through any cosmetic improvements that cover up faults. A pest inspection could also save you thousands of dollars in repair costs.
Once negotiations have been finalised, you will be required to sign the contract and pay a deposit. Our team will guide you through this process.
AT THE TIME OF PROPERTY SETTLEMENT –
The seller sets the date of settlement in the contract of sale. The settlement period is usually 30 to 90 days.
Settlement is the date when you as the purchaser:
- pays the balance of the purchase price to the seller
- receives the property title and become the registered owner
- takes possession of the property, unless otherwise arranged.
This is an official process usually conducted between legal and financial representatives of yourself and the seller.
At settlement, all outgoings such as rates and other charges are adjusted between the seller and yourself. The seller is responsible for rates up to and including the day of settlement. You are responsible from the day after settlement.
Once settlement is completed, you can collect the keys from our office and take possession of your new home!