Here are some tips anyone should keep in mind when thinking about buying a property:
- Speak with your financial consultant to arrange the best loan suiting your needs and abilities.
- It’s preferred areas in accordance with your lifestyle. Affordability and accommodation requirements should be kept in mind when doing so.
- Do your own research on those preferred areas. Inspect as many properties as you can in those areas, so that you have a good idea about the price of properties. Attending auctions and open houses can help you for this.
- Get in touch with a Property Caretaker representative specializing in the area you’re interested in. Our representative will offer additional advice and assistance to make the right decision at every step of the process.
- When you finally find a property that suits you, ask your agent to send a copy of the sale contract to your conveyancer or solicitor.
- Building and pest inspection is recommended in order to make you aware of any concerning defects.
- In the case of bidding at an auction, we highly recommend that you read the Bidder’s Guide from the Office of Fair Trading before actually attending the auction. Click here for a copy of the Bidder’s Guide.
- Once negotiations are finalized, we’ll require you to sing the contract of sale and pay a deposit of 10%. That deposit will be held in trust in an interest bearing account till the settlement is completed.
- On the day of the settlement, you solicitor or conveyancer may request you to have an inspection before the settlement. This is just to ensure that the property you saw and the property you are buying are in the same condition. And that all inclusions are in accordance with the contract you have signed.