Looking to buy but not 100% sure how to go about it? Here are a few hints to help you find your way to the perfect home.
Set your budget:
It’s crucial to know how much you can realistically afford. To help set your budget speak to a financial advisor or make use of an on-line calculator.
Arrange pre-approval for your finance:
Opportunities can come and go quickly. Having finance pre-approved means you can make a move as soon as you find the right property.
Identify what you want:
Prepare a short list of areas that suit your family needs, accommodation requirements and access to services you desire. Most people have to compromise in some way. Firstly, determine a wish list, then look at that list and highlight the absolute ‘must haves’. Now you are ready to start your search for your dream home.
Do your homework:
Research sales in your preferred area to gain first- hand knowledge on ‘market values.’ You should attend any ‘open for inspections’ in your preferred area.
Start a real estate relationship:
Many new property listings are sold prior to reaching the advertising mediums. To be added to our database of buyers so you can inspect new properties within minutes of them coming on to the market contact us now.
Keep communication lines open:
Once you have established a relationship with one of our Property Boutique Estate Agents, provide us with all possible points of contact (noting your preferred method ie; mobile, email, after hours phone). Once a suitable property appears on the market we can then contact you to arrange a preview inspection.
Always allow plenty of time to inspect a property, keeping in mind this will be the place you will call home for many years to come, so it is important to have a good look around.
You’ve found the right home……what’s next?
To secure your chosen property, first speak with your sales consultant about price and terms. Many of our properties are prime properties and sell for the asking price. Don’t get too caught up in bargaining a few thousand dollars off the price and risk losing the home you and your family love. In the long term, you will look back after years of enjoyment and always be pleased with the price you paid. Once you have agreed on price, you will need to sign a contract for sale. By agreement with our sellers, all properties stay on the market until a contract is signed and exchanged.
Make an offer:
You can make a confident offer to the agent. They will then negotiate the final sale price and any conditions between you and the vendor.
Ask for the contract:
When you find a property you are interested in and have negotiated the final sale price and conditions, ask the agent to send a copy of the sale contract to your solicitor or conveyancer. They will advise you of any issues you may need to consider.
Pay your deposit:
Once your offer is accepted you will need to sign the sale contract and pay a 10% deposit.
Buying at auction:
If you intend to bid at auction you must bring appropriate identification and register as a bidder. Someone may only bid on your behalf if they have a binding authority form signed by you. If the property fails to reach reserve, the highest bidder normally has first right of negotiation. When buying a property at auction, you need to ensure that your finance has been arranged prior to the auction date as well as any pest or building inspections have been done, as when buying at auction once the hammer goes down it is an unconditional contract and can not be made subject to these conditions.
Both the vendor and yourselves will sign contracts and the vendors solicitor/conveyancer will exchange the contracts. The final settlement of contracts generally takes around 30 days, however in some cases this may be negotiable. To secure the property, if needed contracts can be exchanged subject to finance and satisfactory pest and building inspections, normally within 7 to 14 days after exchange, however this needs to be acceptable to the vendor.
Inspect prior to settlement:
It is wise to undertake a pre-settlement inspection of the property. This will ensure that the property is in the same condition as when you agreed to buy it and that all the inclusions meet the contract specifications.
Pick up the keys:
Once notified that settlement has been finalised your agent is able to give you the keys to your new home.
Relax and enjoy!
Start unpacking and enjoy your beautiful new home and just remember our service does not stop on settlement of your new home, we are here to answer any questions you may have with any appliances etc that you may not be familiar with.