Residential Buying Tips

FINANCE – Speak with your bank, mortgage broker or credit union about the best loan for you. Take the time to compare rates, terms and charges as each will vary between the lenders.

RESEARCH – Prepare a list of ‘must haves’ for your new home. Consider your lifestyle, the number of bedrooms and bathrooms and yard space you require, remember to stay realistic and within your budget!

PREFERRED AREA – Identify the areas you like the most and then become an informed buyer. Attend as many open homes and auctions as you can, research the internet and you’ll soon have a good idea on property prices in the area.

YOUR AGENT – Buying a home can be stressful, so it’s important to partner with an Agent you trust. Our team are professional and friendly, we have assisted hundreds of local families purchase their new home. Sign up for our ‘Property Alerts’ to receive information on our new listings, first!

HOME SWEET HOME – So you’ve found the perfect home and wondering where to from here? At this point you will need to complete a written ‘Purchasing Proposal’ (listing the price, terms and conditions of your offer) which we will then present to the Vendor.

DO THE CHECKS – We recommend you arrange a pest and building inspection of the property to ensure the home is structurally sound and termite free!

AUCTION It is important to be well informed, when buying at Auction! To ensure you understand the auction process, together with your  rights and responsibilities, visit the Office of Fair Trading NSW or Consumer Affairs Victoria at the below links for further information.

http://www.fairtrading.nsw.gov.au/Tenants_and_home_owners/Buying_property/Buying_at_an_auction.html

http://www.consumer.vic.gov.au/housing-and-accommodation/buying-and-selling-property/buying-property/buying-property-at-auction

LEGAL ADVICE – A solicitor or a conveyancer will act on your behalf in the purchase of your new home. Your legal representative will perform the legal checks and requirements and offer sound advice before allowing you to proceed with the sale.

THE DEPOSIT – Upon acceptance of your offer, a $1,000 preliminary deposit will be required. The deposit will be held in the Agent’s Trust Account, with the balance of a 10% deposit payable upon exchange of Contracts.  The deposit will remain in the Agent’s Trust Account until the day of settlement.

PRE-SETTLEMENT – We recommend that you conduct a pre-settlement inspection with your Agent prior to settlement. This will ensure the property is in the same state and condition as when you inspected it last and that all the agreed inclusions remain with the property.

MOVING IN – Your Solicitor or Conveyancer will co-ordinate the entire settlement process. Once settlement has taken place, we will receive a fax authorising us to hand you the keys to your new home!

http://www.consumer.vic.gov.au/housing-and-accommodation/buying-and-selling-property/buying-property/buying-property-at-auction